Rule 16, Karnataka Mines and Minerals (Development and Regulation) Act, 1957 (Licensing) Rules, 2025 [SFP-R4Z]
As at 7 September 2026. In force from 4 April 2025.
Application for registration.—Every authorised dealer carrying on dealing in foreign exchange as an authorised dealer shall make an application for registration to the Government of Karnataka in Form FC-4, within thirty days of the commencement of these rules, accompanied by a fee of fifty thousand rupees and a statement of every foreign exchange held by him on the date of the application, and shall keep a copy of the application and of the statement for fifteen days from that date.
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