Grant of Authorisation by RBI [ Section 10(2)]

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Full Text of the Document

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....ecurities as per guidelines issued by RBI. They should submit reports to RBI as prescribed. Their accounts can be inspected by RBI. Authorised Dealer (AD) and Full fledged money changer (FFMC) are authorised to appoint agents/franchises for undertaking restricted money changing. the agent /franchises can carry on business of conversion of foreign currency notes, coin or travellers cheques into ru....