Paul Merchants' Perpetual AD-II Licence: FEMA Framework Allows Rs 25 Lakh Forex
RBI’s approval of a perpetual AD Category II licence for Paul Merchants under the 2026 FEMA Authorised Persons Regulations reshapes the regulatory landscape for forex intermediaries, granting the company authority to handle non‑trade current account transactions and trade forex up to ₹25 lakh per deal. This development carries significant legal and compliance implications for the sector.
Source: sanantoniopost.com · newsx.com