Indian Kanoon - Search engine for Indian Law

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

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