Indian Kanoon - Search engine for Indian Law

appeals has contended that, the noticee was a Full- fledged Money Changer (FFMC) authorized to purchase and sell Foreign Exchange in terms of Section ... FFMC, the appellants had followed the memorandum of instructions issued by the Reserve Bank of India (RBI). RBI had conducted regular inspection of the noticee

Travellers Cheques and has obtained Full Fledged Money Changer (in short 'FFMC') under license from RBI. Alleging irregularities in various remittances, action

private limited company dealing in money exchange under license no. EC/DEL/FFMC/81/96 dated 29.09.1997 issued by The Reserve Bank of India (hereinafter ... True copy of license no. Ex. PW1/3 EC/DEL/FFMC/81/96 dated (OSR) 20.09.1997 4. Letter of defendant no. 6 dated