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FOREIGN EXCHANGE DEPARTMENT Master Circular On Memorandum Of Instructions Governing Money Changing Activities · 1. The applicant should be a company registered An FFMC which intends to commence money changing business at any additional place of business shall apply in writing to the respective Regional Office of the This Master Circular consolidates the existing instructions on the subject of “Memorandum of Instructions governing money changing activities” at one place. The by Money Changers. [RBI Circular No. 12 dated 10th September 2015] · 1. Copy of latest audited accounts with a certificate from Statutory Auditors regardingProvisions of Foreign Exchange Management Act, 1999 and; RBI published Master Circular on Memorandum of Instructions – governing Money Changing Activities &.