Guidelines for Grant of Authorisation for Additional Branches of FFMC/AD Cat. II

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..... vited to paragraph (B) of Annex- I to A.P. (DIR Series) Circular No. 57 dated March 9, 2009 on Memorandum of Instructions governing money changing activities, wherein guidelines for grant of authorization for additional branches had been given. 2. As part of further simplification of the guidelines, it has now been decided to incorporate the changes in the guidelines in respect of submission .....

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..... nsed with. 3 Declaration to the effect that no proceedings have been initiated or are pending with DoE/DRI The declaration has to be submitted every time an application for authorisation of a new branch is made, as per existing instructions. 4 A copy of KYC/AML/CFT policy framework existing in the company .....

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..... s contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (B. P. Kanungo) Principal Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Office orders T .....

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