Mayuri Lal (officer CS) (748 Points)
01 March 2011Dear Members,
I hav incorporated a Company who is goin to be deaing in foreign exchange. Now have to get the company registered with RBI. and there teh lsit of documents are given in the notifiction as wel.
But need a help from someone who hads actually done it as it is a now isue.
Would be great if anyone can help me with above isue.
Regards,
Mayuri Lal
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7014 Points)
Replied 20 March 2011
1. A Brief Write up of Activities of Applicant & Nature of Business covering following
- Brief Background & Previous Experience of Promoters
- Nature of Business and Key Areas of Activities carried on by Company
2. Confidential Report in CIR Format.
3. Copy of License under Shop Act.
4. Certificate for Registration of a Company
5. Copy of Memorandum of Association covering the main object to act as Full Fledged Money Changer
6. Latest Audited Balance Sheet
7. Declaration and Undertaking as prescribed under the Application.
8. CA Certificate for net Owned Fund
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.
CA Ajay
(CA)
(97 Points)
Replied 13 December 2011
How much approximate time & cost requied to get FFMC licence.
With regards,
CA Ajay Salagare,
Pune
shubham
(student)
(22 Points)
Replied 30 June 2012
me also want to know the process...i am also looking to incorporate and enter into the currency exchange business....
wants to know the requirements and process...
rajendra
(CHARTERED ACCOUNTANT)
(30 Points)
Replied 18 November 2013
For More Details Kindly download RBI guidelines of issuance of license for FFMC. https://rbidocs.rbi.org.in/rdocs/Content/PDFs/87169.pdf
Sushant
(CA Practice )
(30 Points)
Replied 03 May 2017
Can any one please confirm the fees to charged for RBI Approval alone for FFMC License.
Sushant
(CA Practice )
(30 Points)
Replied 03 May 2017
Sir, Can you please confirm the fees to be charged from client for RBI Approval for FFMC License?
FATHIMATH SHEREENA
(CA-IPCC STUDENT)
(6 Points)
Replied 11 August 2017
Sir, can a newly incorporated company apply for FFMC license? Is three years audited balancesheet mandatory requirement for FFMC license?
FATHIMATH SHEREENA
(CA-IPCC STUDENT)
(6 Points)
Replied 11 August 2017
Sir, can a newly incorporated company apply for FFMC license? Is three years audited balancesheet mandatory requirement for FFMC license?
FATHIMATH SHEREENA
(CA-IPCC STUDENT)
(6 Points)
Replied 11 August 2017
Sir, can a newly incorporated company apply for FFMC license? Is three years audited balancesheet mandatory requirement for FFMC license?
B.Anannd
(Chartered Accountant)
(22 Points)
Replied 22 August 2018
Can I get the declaration format for FFMC application purpose for a Company's Director
Thanks in Advance
CAclubindia
