Regulation Act . In July 1997 the appellants sold foreign exchange to another FFMC known as M/s. Tiruchi Enterprises. Investigations revealed that M/s. Tiruchi ... Enterprises has obtained and FFMC licence from the Reserve Bank giving in correct particulars about themselves in so far as their address is concerned. Investigations
appellant is a Full Fledged Money Changer (hereinafter referred to as FFMC). For the said purpose, they have a proper licence issued by the Reserve ... brand. The said M/s. TTC is duly licensed to operate as FFMC by RBI. In terms of the said agreement, blank stock
Reserve Bank of India. The appellants sold foreign currency to another FFMC called Hotel Zam Zam Money Changing Division. The latter is also licensed ... appellants, for that matter, all FFMCs is, FC is sold to another FFMC against Indian currency when a pay order issued by a bank
orders or demand drafts in the name of Full Fledged Money Changers (FFMC, in short) for obtaining foreign currency which was later sold ... existent fictitious firm; that the appellant (who is a FFMC) was aware that he (Firoz Batliwala) was not Manager or Proprietor or employee of Tiruchi
terms of these regularisation both dealers qualified for Full Fledged Money Changers (FFMC). M/s WSFL entered into an agreement on 26 December, 1996 with ... what is contained in Clause (11) of the Memorandum of Instructions of FFMC. The following conditions have been set out in page 7:
Conditions
Axis Bank branch or the office of select full-fledged money changers
(FFMC) and purchase an Axis Bank TCC as he can simply walk into ... Axis Bank
branch or the office of select FFMC and purchase an Axis Bank TCC over the counter.
At the time of purchase of such
Axis Bank branch or the office of select full-fledged money changers
(FFMC) and purchase an Axis Bank TCC as he can simply walk into ... Axis Bank
branch or the office of select FFMC and purchase an Axis Bank TCC over the counter.
At the time of purchase of such
complainant
company is carrying on the business of Full Fledged Money Changer (FFMC) under
License No. FFMC.EC.DEL/41/95 granted by the Reserve ... Insurance Policy.
15. Admittedly, the
complainant is carrying on the business of FFMC (Full Fledged Money Changer)
and possesses a licence for it granted
student to make DD in
favour of concerned college directly or through FFMC.
2. The assessee had entered into agreement with various colleges of
Australia
Department for the AY 2016-
17. The assessee company is a FFMC (Full-Fledged Money Changer)
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ITA No(s). 215/KOL/2025
Assessment ... General Public and
other Authorized Dealers and sells the same to various FFMC, Retail
Participants as per stipulations provided under the RBI Regulations.
The Accounts
