RBI Extends the Facility of Online Submission of Form A2 to AD category-II Entities

  • News|Blog|FEMA & Banking|
  • < 1 minute
  • By Taxmann
  • |
  • Last Updated on 14 April, 2023

submission of Form A2

Circular No. RBI/2023-24/16 A.P. (DIR Series) Circular No. 02, dated: 12.04.2023

The RBI has decided to extend the facility of online submission of Form A2 to AD Category-II entities. Earlier, the facility of online submission of Form A2 was allowed to AD banks offering Internet banking facilities to their customers. The AD Category-II entities include a) upgraded Full Fledged Money Changers (FFMCs), b) selected Regional Rural Banks (RRBs), d) Urban Cooperative Banks (UCBs) and other entities.

The AD Category-II entities shall frame appropriate guidelines with the approval of their Board within the ambit of extant statutory and regulatory framework.

Click Here To Read The Full Circular

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Leave a Reply

Your email address will not be published. Required fields are marked *

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied