Joint Venture Agreement: Benefits, Types & Documents
On 27 Feb 2025A Joint Venture (JV) Agreement is a legally binding contract between two or more parties to collaborate on a business initiative while maintaining their separate legal identities.
An authorized money exchanger allowed to purchase foreign currency from non-residents visiting India & residents and to sell foreign currency for private and business travel purposes only are called full fledge money changers.
Under section 10 of (FEMA) Foreign Exchange Management Act 1999, Reserve Bank authorises Authorised Money Changer (AMC) who can undertake the money changing business. Without possession of a valid money changer’s licence issued by RBI no person shall carries on money changing business.
a. Maintain daily summary and balance book (foreign currency notes/ coins transacted) in form FLM 1
b. Maintain transaction done through travellers cheques (daily summery/ balance book) in form FLM 2
c. Maintain register of foreign currencies from public inform FLM 3
d. Maintain register of purchase of foreign currency notes/ coins form authorized money changers in form FLM 4
e. Maintain register of sale of foreign currency (coins and notes and travellers cheque) to public in form FLM 5
f. Maintain sale of foreign currency (notes / coins)to authorized dealer/ full fledge money changers in form FLM 6
g. Maintain register of surrendered traveller’s cheque to authorized dealers/ authorized money changers in form FLM 7
h. By 15th of every month submit cash transaction report to financial intelligence unit of India. However individual transaction below INR 50000 need not to be submitted in the report
i. Within 7 days of happening of suspicious transaction, report shall be prepared and submitted about those suspicious transaction
j. Authorized Money Changers should send a monthly consolidated statement to the office of the Reserve Bank which issued the license for all its offices regarding the selling and purchase of foreign currency notes in the form FLM 8 (Annex-XI) in order to arrive not later than the 10th of the following month.
k. An Annual Report should be submitted by all Authorized Money Changerss to the respective Foreign Exchange Department Regional Offices, Reserve Bank which granted the licenses within one month of the end of the financial year, providing details of the amount written off during the financial year, in the format set out in Annex XIV.
Call or WhatsApp us on +91-99991-39391 for free consultation from our team of experts. You can also email us on [email protected].
We share the detailed and reasonable estimated costs, documents and prerequisites for the complete process before starting the process to ensure transparency.
Our team warrants hassle free documentation. We collect the necessary documents and share the relevant drafts to ensure a timely filing and delivery.
Upon collecting the necessary documents and information, we waste no time in preparation and filing of your application. development on your application is brought to your attention.
On successful completion of the case we share all the relevant documents electronically and physically along with an assurance to pay you back if something is wrong.
In simple word, compliance means following rules and orders applicable on the entity. Every entity is governed under law and order and that entity needs to follow the rule and regulations prescribed by it. Legal and regulatory enforcement must be handled
An authorized money exchanger allowed to purchase foreign currency from non-residents visiting India & residents and to sell foreign currency for private and business travel purposes only are called full fledge money changers.
A business incorporated in India has to fulfill a specific set of compliance, filings, and returns as prescribed under the provisions of various corporate and tax laws. In simple words, compliance means following rules and orders applicable to the entity.
FPO is an abbreviation for a Further Public Offer. The FPO Cycle starts after an IPO. FPO is a public offering of stock by a publicly traded firm to investors at large. In FPO, the firm goes to the general public for yet another issue of shares in order t
Annual listing Compliances
An alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership is known as limited liability Partnership (LLP). The LLP can continue its existence irrespective of changes in the partne
Ensure seamless annual compliance for your Private Limited Company for just ₹9,999. Enjoy a seamless process and on-time delivery as our expert team handles all documentation. Apply now and keep your business compliant and penalty-free.
A Stock Broker License is a licensed practitioner who serves as an agent for the buying or selling of shares or securities in the secondary market on behalf of their clients and investors. Stock Brokers have allowed a individual who has the right to perfo
Bespoke advisory focused on mission critical legal, financial and business aspects.
At Corpzo, our clients’ success stories speak volumes. Discover how businesses across various industries have leveraged our expertise to achieve their goals. Read firsthand accounts of our commitment to excellence and the impact we've made in supporting their growth and compliance needs.
Working with Corpzo for our Alternative Investment Fund registration was a remarkable experience. Their deep understanding of regulatory requirements and meticulous attention to detail ensured a smooth and efficient process. The team was always available to address our queries and provided invaluable support at every step. With Corpzo's expertise, we successfully registered our AIF without any hurdles. Highly recommended for anyone navigating the complexities of AIF registration!
At Corpzo, we are dedicated to empowering our clients with valuable knowledge and insights. Our team of experts regularly shares in-depth articles, comprehensive guides, and industry updates on Knowledge Varsity. Whether you're looking for the latest trends in alternative investment funds or need expert advice on navigating the complexities of drug licensing, our resources are designed to keep you informed and ahead of the curve. We believe that informed clients make better decisions, and our goal is to provide you with the expertise you need to succeed.
Explore CorpZo Insights© 2025 Ultiwise Ventures Private Limited.
From Mumbai Recently Purchased @Partnership Firm Registration