Follow us on:

Money Changer Compliance

  • Services related to FFMC Advisory
  • Formation of Private/Public Limited Company
  • Documentation related to FFMC License
  • FFMC License Application filing
  • Connection with the Reserve Bank of India and FEMA Department

Request a call back

These are some  Mandatory Compliance for Money Changer Dealer:

  • Summary and Balance Book of Foreign currency notes / coins in form FLM 1 on daily basis.
  • Summary and Balance Book of Travelers’ cheques in form FLM 2 on daily basis.
  • As per form FLM 3, register of purchases of foreign currencies from the public must be complied.
  • As per form FLM 4, register of purchases of foreign currency notes / coins from authorized dealers and authorized money changers should be complied.
  • As per form FLM 5, register of sales of foreign currency notes / coins and foreign currency travelers’ cheques to the public in form FLM 5 should be complied.
  • As per form FLM 6, register of sales of foreign currency notes / coins to authorized dealers / Full Fledged Money Changers / overseas banks should be complied.
  • As per form FRM 7, register of travelers' cheques surrendered to authorized dealers / authorized money changers / exported should be complied.
  • By 15th of the succeeding month each month Cash Transaction Report (CTR) for each month should be submitted to the FIU-IND. However, details of individual transactions below Rupees 50,000 need not be furnished while filing CTR.
  • Within 7 days of arriving at a conclusion that any transaction, including an attempted transaction, the Suspicious Transaction Report (STR) should be furnished.
Govind

Thank you very much for all your help in setting up my new company and clearing up all outstanding business in my sole trader accounts. For the first time in years I have peace of mind regards my business accounts. Your workforce are a credit to you, the girls at reception are so helpful and Chris has been brilliant. It is very much appreciated.

Govind

Delhi

Niketan123

Rajput Jain & Associates. are a tremendous value added to me as an executive and a busy parent. It just makes sense to delegate my tax file to them -- they are proactive, extremely service oriented, and most importantly, I am completely confident they are finding every dollar of tax savings available to me.

Niketan123

Delhi

Our Cients

  • Sahara
  • hpmi
  • ginkgo
  • sahara shop
  • transpole
  • honda
  • sharda
  • homestead
  • halcrow
  • travel unravel
  • sbi
  • veolia
  • syndicate
  • cibersons
  • freshmens

Free consultation of all services at just Rs. 1