FEMA / RBI: A software application called ‘APConnect’ has been developed for processing of application for licensing of FFMC (Full Fledged Money Changers), non-bank AD Cat-II, authorisation as MTSS Agent, renewal of existing license / authorisation, for seeking approval as per the extant instructions and for submission of various statements/returns by FFMCs and non-bank AD Cat-II banks.(10.04.2023)

FEMA/RBI:

A software application called ‘APConnect’ has been developed for processing of application for licensing of FFMC (Full Fledged Money Changers), non-bank AD Cat-II, authorisation as MTSS Agent, renewal of existing license / authorisation, for seeking approval as per the extant instructions and for submission of various statements/returns by FFMCs and non-bank AD Cat-II banks.

[RBI/2023-24/13 A.P. (DIR Series) Circular No.01 dated 6^th April 2023]