What are the checks to be ensured by AD Category-I banks/ADs Category-II/FFMCs while conducting due diligence of Franchisees before appointing them?

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....usiness activities of the franchisee/ its position in the area (ii) minimum Net Owned Funds of the franchisee (iii) Shops & Establishments / other applicable municipal certification in favour of the franchisee (iv) verification of physical existence of location of the franchisee, where restricted money changing activities will be conducted (v) conduct certificate of the franchisee from the loc....