Ozg FEMA Consultant
Phone # 09811415831-37-61-72-84-92-94
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1.
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Full name of the applicant
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2.
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Address in full
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3.
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Name of location/s where the applicant
proposes to conduct Money Changing Business (Please enclose copies of
Licenses under Shops and Establishment Act )
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4.
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(a) Date of establishment of the company
(b) Name/s and address/es of the Directors
of the company
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5.
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Copy of the Certificate of Incorporation of
the company
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6.
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Copy of the Certificate of commencement of
business of the company
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7.
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Copy of Memorandum of Association together
with a letter indicating the clause which provides for taking up money
changer’s business
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8.
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Confidential report from the applicant’s
bank/s in CIR format
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9.
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Net Owned Funds
A copy of the latest Audited Balance Sheet
of the applicant company together with a certificate from their Chartered
Accountant certifying their net owned funds as on the date of application and
calculation thereof is to be enclosed.
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Rs.
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10.
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Declaration to the effect that the company
and any of its directors are not under investigation/ adjudication of any law
enforcing agencies, such as ED/DRI & also that no criminal proceedings
filed by Crime Investigation Agencies are pending against the company or any
of its directors.
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11.
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Undertaking to post competent staff to
handle the money changer’s business
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12.
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Name , designation and signature of persons
authorized to deal in foreign exchange.
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13.
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A brief write up of the activities of the
applicant/ nature of business.
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14.
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Whether the applicant had applied earlier
for FFMC/ RMC license. If so the particulars thereof.
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15.
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Any other particulars / special reasons the
applicant may wish to state in support of the application.
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We undertake that in the conduct of money
changing business, we shall at all time abide by the rules/ regulations/
orders/ directions/ notifications which Reserve Bank of India may from time to
time issue in this behalf.
Place
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Date:
Signature of the applicant
with seal
Enclosures:-
- Bankers’ confidential Report
- Attested copies of audited accounts for the past 3 years.
Note:- Single branch FFMCs shall have net
owned funds not less than Rs. 25 lakh while
FFMCs intending to operate through more than one branch will have to
maintain net owned funds not less than Rs. 50 lakh.
Ozg FEMA Consultant
Phone # 09811415831-37-61-72-84-92-94
