
TRADEMARK IN INDIA: REGISTRATION PROCEDURE AND COST
Think of buying your favorite brand of shampoo or Biscuit. The first thing you check after picking up, the logo of the company. That little
Full-Fledged Money Changer is a corporation that includes out trading activities like forex after previous approval from the Reserve bank of India. These groups are sanctioned under the Foreign Money Exchange Act, 1999. The Reserve Bank of India authorizes the Business entities to deal with foreign exchange for specific functions. These enterprise entities are called Authorized Money Changers or AMCs.
There are 3 types of AMCs:
Authorized Dealer Category: I Banks (AD Category-I Banks)
Authorized Dealer Category: II Banks (AD Category –II)
Full-fledged Money Changers also referred to as FFMCs
The reasons for the 3 types of AMCs to exist are subsequent:
The foreign travelers have a much wider get entry to forex centers
To allow citizens to have a wider get entry to forex centers
Making certain that the customers get the most efficient service
There are multiplied competition within the marketplace.
In order to work as an AMC in India, the aspirant has to get an AMC License this is issued by using the Reserve Bank of India. If any employer dares to engage with the Forex market trading without the correct license, then they are going to get penalized.
After inspection of the documents and the application, the RBI grants the FFMC License
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Think of buying your favorite brand of shampoo or Biscuit. The first thing you check after picking up, the logo of the company. That little
Think of buying your favorite brand of shampoo or Biscuit. The first thing you check after picking up, the logo of the company. That little
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