Get FFMC License Start Your Money Exchange Business

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Registrationwala
All About FFMC License
GET FFMC LICENSE START YOUR MONEY EXCHANGE
BUSINESS
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FFMC
License Process
Steps To Follow
Incorporate your business as an FFMC Company
Get your documents ready
File the application for FFMC License Wait for
RBI to process the application Get FFMC License
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Full Fledge Money Changer License
Full-Fledged Money Changer is a company that
carries out trading activities like forex
currency after prior approval from the Reserve
bank of India. These companies are sanctioned
under the Foreign Money Exchange Act, 1999. The
Reserve Bank of India authorizes Business
entities to deal with foreign exchange for
specific purposes.
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ELIGIBILITY CRITERIA FOR FFMC LICENSE

• The applicant of the Full Fledged Money Change
  should be an incorporated company under the
  Companies act 2013.
• The minimum net owned fund should be INR 25 lakhs
  in case of a single branch, and INR 50 Lakh in
  case of multiple branches.
• The activity of Money changing activity should be
  specified in the Memorandum of Association of
  the company.
• The company should be clean, and by this we mean
  that there should be no current legal cases
  lodged against the company at the Department of
  Enforcement or Department of Revenue
  Intelligence.

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DOCUMENTS REQUIRED FOR FFMC LICENSE
Certificate of incorporation of the company Copy
of MOA and AOA of the company A confidential
report from the Bank The latest copy of the
latest audited license sheet along with the
certificate from the statutory auditors
involved. Details of Nature of the business If
there is another FFMC application filed by the
applicant, those are required as well.
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How can our assistance make you an RBI money
changer?
Registrationwala
For any assistance in this matter, youd need
the assistance of an FFMC license consultant.
For FFMC License, RBI has created some special
roadblocks to make the process difficult.
Our consultants manually remove these roadblocks
to provide you a way get a head start in money
changer business.
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Contact Us
We'd love to talk
PHONE NUMBER 919810602899 EMAIL
ADDRESS support_at_registrationwala.com WEBSITE
www.registrationwala.com