PUBLIC NOTICE
Jun 23, 2026 • Maryam Begum • Legal Announcements / Legal Notices
Source:
HindustanTimes
The Reserve Bank of India, Foreign Exchange Department, New Delhi, has issued a notice regarding the cancellation of the Full-Fledged Money Changer (FFMC) licence of M/s Ridhima Forex Private Limited due to insufficient compliance with the provisions of the Foreign Exchange Management Act, 1999 and the directions issued thereunder.
The licence, originally issued under Licence No. NDL-FFMC-0232-2023, has been cancelled with effect from 13.06.2026. As a result, the company is no longer permitted to carry out any money changing activities as defined under the Master Direction on Money Changing Activities issued by the Reserve Bank of India.
All concerned are hereby informed that the entity must cease all related operations immediately in compliance with regulatory norms issued by the Reserve Bank of India.