Get Ffmc License Online

Filling out the Ffmc License Online is an important step for individuals and organizations wishing to conduct money changing business. This guide offers clear, step-by-step instructions for completing the application form accurately and efficiently.

Follow the steps to fill out the Ffmc License Online form:

1. Click the ‘Get Form’ button to access the application form and open it in the online editor.
2. Provide the full name of the applicant in the designated field.
3. Enter the complete address of the applicant accurately.
4. List the name and location of all sites where the applicant intends to run the money changing business. Be sure to attach copies of the relevant licenses under the Shops and Establishment Act.
5. Provide the date of establishment of the company.
6. List the names and addresses of the Directors of the company.
7. Attach a copy of the Certificate of Incorporation of the company.
8. Include a copy of the Certificate of Commencement of Business for the company.
9. Submit a copy of the Memorandum of Association, along with a letter indicating the clause permitting the business of money changing.
10. Enclose a confidential report from the applicant’s banks in CIR format.
11. Input the amount of net owned funds in the specified field.
12. Attach a copy of the latest Audited Balance Sheet, including a certification from a Chartered Accountant regarding net owned funds as of the application date.
13. Provide a declaration confirming that the company and its directors are not under investigation or facing legal proceedings from enforcement agencies.
14. Include an undertaking to assign competent staff for handling the money changer's business.
15. List the names, designations, and signatures of individuals authorized to manage foreign exchange transactions.
16. Write a brief overview of the applicant's activities and the nature of the business.
17. Indicate whether the applicant has previously applied for an FFMC or RMC license, including relevant details.
18. Provide any special particulars or reasons that the applicant wishes to include in support of the application.
19. Confirm the commitment to abide by the rules, regulations, orders, and notifications issued by the Reserve Bank of India.
20. Complete the form by specifying the place and date, followed by the signature of the applicant with the company seal.
21. Lastly, ensure that you attach all enclosures, including the bank's confidential report and attested copies of audited accounts for the past three years.

Complete your application online today to start your money changing business.