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Form FC 1A See rule 3(AA) Form of application for seeking prior permission from the Central Government under the Foreign Contribution (Regulation) Act, 1976 (hereinafter referred to as the Act) for
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3 - Form FC-1A is a document required to be filed with the authorities for reporting foreign currency exchanges exceeding $10,000 in value.
Any individual or entity engaged in foreign currency exchanges exceeding $10,000 in value is required to file Form FC-1A.
Form FC-1A can be filled out online or submitted in person at the designated authority office. The form requires detailed information about the foreign currency exchanges.
The purpose of Form FC-1A is to monitor and regulate foreign currency exchanges to prevent illegal activities such as money laundering and terrorist financing.
Form FC-1A requires information such as the amount and type of currency exchanged, the parties involved, the purpose of the exchange, and any supporting documentation.
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