that the appellants have misused the Full Fledged Money Changer (i.e.) FFMC Licence by releasing foreign exchange to suspicious persons in the year ... appellant No.1, a FFMC and its two directors are concerned, it is an admitted fact that the foreign exchange was delivered at the residence
Limited is an authorised Full-Fledged Money
Changer (hereinafter referred as 'FFMC'), holding license issued by The Reserve
Bank of India (hereinafter referred ... Thiru.P.V.Krishnamani was
its Vice President of the said FFMC. Tmt.Rita Rajamani was the Manager,
administering the affairs
which may be approved by Reserve Bank for release of exchange by FFMC subject to the conditions in para
Travellers Cheques and has obtained
Full Fledged Money Changer (in short 'FFMC') under license from RBI.
Alleging irregularities in various remittances, action
