Sub: Guidelines for Grant of Authorisation for Additional Branches of FFMC/AD Cat. II.
Copy of latest audited accounts with a certificate from Statutory Auditors regarding position of NOF as on date of application.
Only a certificate from Proprietor/Partner/Director /CFO of the entity as regards the position of NOF is required to be submitted.
Confidential Report from applicant’s banker.
This requirement shall be dispensed with.
The declaration has to be submitted every time an application for authorisation of a new branch is made, as per existing instructions.
Only a declaration to be submitted that there is no change in the KYC/AML/CFT policy framework since its last submission to RBI. However, in case there is a change, a copy of the revised/latest version of the policy shall be required to be submitted.
Brief write-up on the internal control systems, including internal and external audit.
Only a declaration to be submitted to the effect that there is no change in the internal control systems including internal and external audit since submission of the last write-up to RBI. However, in case there is a change, the revised/latest write-up shall be required to be submitted.