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Money Changer (Forex) License in India - Application Form

 

Ozg Registration, Approval & Licensing Group

Ozg Center | London | New Delhi | New York | Mumbai

 

Phone # 0091-98.11.41.58.31-37-61-72-84-92-94

Website: MoneyChanger.FEMA.in

Email: license.consultant@ozg.co.in



APPLICATION FORM FOR FFMC LICENSE UNDER SECTION 10(1) OF FEMA, 1999




1.         Full name of the applicant     



2.         Address in full



3.         Name  of  location/s  where  the  applicant  proposes  to  conduct 

            Money Changing Business (Please enclose copies of Licenses         

            under Shops and Establishment Act )



4.         (a) Date of establishment of the company    

            (b) Name/s and address/es of the Directors of the company           



5.         Copy of the Certificate of Incorporation of the company     



6.         Copy  of  the  Certificate  of  commencement  of  business  of  the

            company        



7.         Copy  of  Memorandum  of  Association  together  with  a  letter   

            indicating   the   clause   which   provides   for   taking   up   money           

            changer’s business     



8.         Confidential report from the applicant’s bank/s in CIR format        



9.         Net Owned Funds        Rs.

            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.         



10.       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. 



11.       Undertaking   to   post   competent   staff   to   handle   the   money          

            changer’s business     



12.       Name , designation and signature of persons authorized to deal    

            in foreign exchange.  



13.       A  brief  write  up  of  the  activities  of  the  applicant/  nature  of 

            business.         



14.       Whether  the  applicant  had  applied  earlier  for  FFMC/  RMC    

            license. If so the particulars thereof.



15.       Any other particulars / special reasons the applicant may wish      

            to state in support of the application.           


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 :

Date:

Signature of the applicant with seal

Enclosures:-

1.    Bankers’ confidential Report
2.    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 Registration, Approval & Licensing Group

Ozg Center | London | New Delhi | New York | Mumbai

 

Phone # 0091-98.11.41.58.31-37-61-72-84-92-94

Website: MoneyChanger.FEMA.in

Email: license.consultant@ozg.co.in

 

BOOK APPOINTMENT ONLINE

ozgcenter.org/appointment