Sunday 15 November 2015

FFMC Registration


Sub.: Note on Obtaining FFMC (Full Fledged Money Changer) License  under FEMA, 1999 and RBI

We would like to take this opportunity to introduce ourselves as "RBI/FEMA Consultants". We would like to present our Corporate Law Services which you required in future.

A) Services to be rendered:

1.      Preparation of documents
2.      Apply for  FFMC license
3.      Liasoning with Reserve Bank of India
4.      Liasoning with FEMA department
5.      To do all related activities till obtaining Certificate of FFMC

B) Documents required :
a.      Copy each of the Certificate of Incorporation and Certificate of Commencement of Business of the company.
b.      Memorandum and Articles of Association
c.       Shop & Establishment License
d.      KYC documents of Board of Directors
e.      Copy of the latest audited accounts with a certificate from the Statutory Auditors certifying the Net Owned Funds as on the date of application. Copies of the audited Balance Sheet and Profit & Loss Account of the company for the last three years, wherever applicable.
f.        Confidential Report from the applicant's banker in a sealed cover.
g.      A declaration to the effect that no proceedings have been initiated by / are pending with the Directorate of Enforcement (DoE) / Directorate of Revenue Intelligence (DRI) or any other law enforcing authorities, against the applicant company or its directors and that no criminal cases are initiated / pending against the applicant company or its directors
h.      A declaration to the effect that proper policy framework on KYC / AML / CFT, in accordance with the guidelines issued vide A.P.(DIR Series) will be put in place on obtaining the approval of the Reserve Bank and before commencement of operations.
i.        Details of sister / associated concerns operating in the financial sector, like NBFCs, etc.
j.        A certified copy of the board resolution for undertaking money changing business.

C) Place of rendering Services:
 The place of rendering services generally shall be your office or our office situated at    496B, 2nd Floor, Near KCC Classes, Kasba Peth, Pune-411011.


CS Pramodkumar R. Ladda 
Company Secretary

Land line No. 020-24570055
Cell No. 9922735476 / 9595271145
email: info@csladda.com
OFFICE2nd Floor, OM  Apartment, SR. No. 496/B, Near KCC Classes,
Opp Kasba Peth Post office, Kasba Peth, Pune  411011

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