OZG Mumbai

OZG Mumbai Ozg Law Group

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OZG offers Tech-Law solution especially digital governance, AI adoption, data protection, process automation, and compliance filings.

28/11/2024

👁️‍🗨️ *Section (4) (f) of the FCRA, 2010*

Email ✉️ ask@fcra .in
Chat 🪀 9811415837

The acceptance of foreign contribution by the person referred to in sub-section (1) is not likely to affect prejudicially —

📌 (i) the sovereignty and integrity of India;

📌 (ii) the security, strategic, scientific or economic interest of the State;

📌 (iii) the public interest;

📌 (iv) freedom or fairness of election to any Legislature;

📌 (v) friendly relation with any foreign State;

📌 (vi) harmony between religious, racial, social, linguistic, regional groups, castes or communities.

FCRA Compliance
OZG Legal Services
Email ✉️ ask@fcra .in
Chat 🪀 9811415837

OSP liberalised guidelines for Call Centers 🔖 Distinction between Domestic and International OSPs has been removed. A BP...
18/04/2024

OSP liberalised guidelines for Call Centers

🔖 Distinction between Domestic and International OSPs has been removed. A BPO centre with common Telecom resources will now be able to serve customers located worldwide including in India.

🔖 EPABX (Electronic Private Automatic Branch Exchange) of the OSP can be located anywhere in the world. OSPs apart from utilising EPABX services of the Telecom Service Providers can also locate their EPABX at third Party Data Centres in India.

🔖 With the removal of the distinction between Domestic and International OSP centres, the interconnectivity between all types of OSP centres is now permitted.

🔖 Remote Agents of OSP can now connect directly with the Centralised EPABX/ EPABX of the OSP/ EPABX of the customer using any technology including Broadband over wireline/ wireless.

🔖 No restriction for data interconnectivity between any OSP centres of same company or group company or any unrelated company.

🔖 No Bank Guarantees were to be furnished.

🔖 Work from Home and Work from Anywhere was also permitted.





conducts the following independent assessments of an organization’s tech infrastructure to establish if existing controls/processes meet management objectives and to demonstrate controls to customers and their auditors through reporting and integrated requirements.

📌 01. Telecom Compliance Advisory Services.

📌 02. Enterprise Voice & Unified Communications Design Review - Voice, Data & Network.

📌 03. Cloud and Foreign EPABX.

📌 04. Data Privacy Regulations.

📌 05. Telecom Compliance Solution Recommendations.

📌 06. OSP Intimation Services.

📌 07. Work from Home (WFH).

📌 08. Regulatory Updates.

📌 09. CRM Audit Services.

📌 10. Telecom Service Provider - Audit Services.

📌 11. DoT Audit Support Services.

📌 12. WPC compliance.

OSP Advisory Team

Website: ospcompliance.com

24/7 Support 📲 WA.ME/918779696580

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22/02/2024

*RBI restraining unauthorized payment intermediary in Card Network*

👁️‍🗨️ 1. It has come to the notice of Reserve Bank of India that a Card Network had an arrangement that enables businesses to make card payments through certain intermediaries, to entities that do not accept card payments.

👁️‍🗨️ 2. Under this arrangement, the intermediary accepts card payments from corporates for their commercial payments and then remits the funds via IMPS/RTGS/NEFT to non-card accepting recipients.

👁️‍🗨️ 3. On closer scrutiny, it was observed that this arrangement qualified as a payment system. Under the provisions of Payment and Settlement Systems (PSS) Act, 2007, such payment system requires authorization under Section 4 of PSS Act, which has not been obtained in the instant case. The activity was, therefore, without legal sanction.

👁️‍🗨️ 4. The arrangement has also raised following concerns:

The intermediary in the above arrangement pooled large amount of funds into an account which is not a designated account under PSS Act.

Transactions processed under this arrangement did not comply with the originator and beneficiary information requirements, as stipulated under Master Direction on KYC issued by the Reserve Bank.

👁️‍🗨️ 5. As per information available, only one card network has operationalized this arrangement in the country so far.

👁️‍🗨️ 6. As the matter is under detailed examination, the Card Network has been advised to keep all such arrangements under abeyance, till further orders. It is clarified that the Reserve Bank has not placed any restriction with respect to normal usage of business credit cards.

*OZG Fintech Center*

✉️ Email: [email protected]

Joining the Account Aggregator Ecosystem as Financial Information User - 🔖 1. Please refer to the RBI Master Direction –...
31/10/2023

Joining the Account Aggregator Ecosystem as Financial Information User -

🔖 1. Please refer to the RBI Master Direction – Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016.

🔖 2. It has been observed that certain entities, which are eligible to join Account Aggregator (AA) ecosystem as Financial Information Provider (FIP), have onboarded as Financial Information User (FI-U) only. Consequently, such entities are accessing financial information from other FIPs but are not providing the financial information held by them. As such, with a view to ensure efficient and optimum utilisation of the AA ecosystem, it has been decided that regulated entities of the Bank joining the AA ecosystem as FI-U shall necessarily join as FIP also, if they hold the specified financial information and fall under the definition of FIP.

🔖 3. The RBI Master Direction – Non-Banking Financial Company ( ) - (Reserve Bank) Directions, 2016, is being modified accordingly.




RBI/2023-24/77
DoR.FIN.REC.53/03.10.123/2023-24

October 26, 2023

- rbicompliance.com

Is your registration Cancelled? ❌WhatsApp📱WA.ME/9198114158311) For violation of Section 14 (1) (e) 2) For violation of...
17/07/2023

Is your registration Cancelled? ❌
WhatsApp📱WA.ME/919811415831

1) For violation of Section 14 (1) (e)
2) For violation of Section 12(4)(a)(vi)
3) For violation of any other sections.

We can help you right away -

Get FCRA/FEMA information at ₹11/ only.

100% assured and transparent services for all types of rejected or new applications except for any political group backed/linked NGOs.

OZG FCRA/FEMA Consultants
Chat📱WA.ME/919811415831
OZG Law Group (INDIA)

Checklist for FCRA Bank Account opening in NDMB branch, New Delhi.

📌 Common account opening form
📌 Annexure-II form of Controlling Persons
📌 Annexure-IV form of Beneficial owners
📌 declaration on letterhead
📌 PAN Card.
📌 Registration Certificate.
📌 Memorandum and Rules.
📌 Meeting Resolution on NGO letterhead.
📌 Address Proof (Electric/Water/Telephone bills).
📌 ID with all members' details (print copy)
📌 PAN and Aadhar of executive body members.
📌 List of Current Board Members on letterhead.

To get the application form, please visit your nearest SBI branch or email us at: [email protected]

12/07/2023

2 (NGO) sealed for FCRA violation
Email: [email protected]
WhatsApp📱 WA.ME/919811415831

Authorities have sealed two ‘madrassas’ for alleged violation of the Foreign Contribution Regulation Act (FCRA) in Kishtwar. The sealing of the two Islamic educational NGOs was done on the directives of the J&K Home Department and the Divisional Commissioner, Jammu.

These madrassas, which were being operated by Maulana Ali Mia Nadwi Educational Charitable Trust (MAMNECT) from Bathindi (Jammu), received a notice from the Additional Deputy Commissioner, Kishtwar, instructing the trust to promptly hand over the possession of the madrassas’ buildings to the administration.

- ( )
https://261.ozgfinance.com/

General Question (₹199/) -
Get Legal Opinion (₹4141/) -

Do you need to consult on violations matter, please WhatsApp to schedule it.

Email: [email protected]
WhatsApp📱 WA.ME/919811415831

Go to:📱FCRA.ozg.in

10/06/2023

Directorate of Enforcement (ED) has provisionally attached 48 immovable properties worth Rs 60.44 Crore including flats/shops/lands etc belonging to Gilbert Baptist, his family members/aides and entities controlled by him in a financial fraud case related to diversion of depositors money in Malaika Multi State Credit Cooperative Society (MMCCS) under the provisions of PMLA, 2002.

ED initiated investigation on the basis of FIR and 2 chargesheets filed by the Mira Road Police Station of Maharashtra State Police.

ED investigation revealed that Malaika Multistate Credit Cooperative Society (MMCCS) was established in the year 2010 by Gilbert Baptist, Marceline Baptist. Later, Gilbert Baptist appointed various other dummy Directors of MMCCS. The society was run as a one man show by its Chairman Gilbert Baptist. All other members were following his instruction for day to day operations.. The investors were systematically lured to deposit their savings in multiple schemes, with promises of great returns. But, instead of investing the deposits of the innocent investors in secure businesses or instruments, Gilbert Baptist diverted majority of the funds to his own business ventures.

Gilbert Baptist had opened various business in the names of M/s Malaika Appliances Pvt Ltd (MAPL), Yasoma Industries, Yasoma Wedding Sarees and Malaika Starcity Project etc, which were run from the investments received from MMCCS. The financial auditors of MMCCS pointed out several irregularities during annual periodic audits which were ignored by Gilbert Baptist and his aides. No prudent financial norms for sanctioning loans were followed. The same reckless pattern was followed in his businesses also. He diverted the funds to create properties in the names of himself, his family, his associates, his businesses. His business ventures lost money and soon the accounts of MMCCS became NPA, resulting in losses to thousands of innocent investors. It is estimated that deposits worth Rs 200 Cr.

Police Raid on Call Center engaged in 🟣 Domestic 🟢 International 🟡 MNCWhatsApp Chat @ WA.ME/918779696580DM📱Ozg legal c...
11/03/2023

Police Raid on Call Center engaged in 🟣 Domestic 🟢 International 🟡 MNC

WhatsApp Chat @ WA.ME/918779696580

DM📱

Ozg legal compliance reporting can help OSPs clearly define, assess, and communicate their approach and control environment to their clients. Since the circumstances around each OSP relationship are unique, a leading OSP process leverages a tailored reporting approach that uses multiple reporting methods. By taking the necessary steps to identify the need for our assurance reporting and the appropriate reporting type, the OSP (and the associated users) can determine whether their risk and compliance needs are addressed.



conducts the following independent assessments of an organization’s tech infrastructure to establish if existing controls/processes meet management objectives and to demonstrate controls to customers and their auditors through reporting and integrated requirements.

📌 01. Telecom Compliance Advisory Services.

📌 02. Enterprise Voice & Unified Communications Design Review - Voice, Data & Network.

📌 03. Cloud and Foreign EPABX.

📌 04. Data Privacy Regulations.

📌 05. Telecom Compliance Solution Recommendations.

📌 06. OSP Intimation Services.

📌 07. Work from Home (WFH).

📌 08. Regulatory Updates.

📌 09. CRM Audit Services.

📌 10. Telecom Service Provider - Audit Services.

📌 11. DoT Audit Support Services.

📌 12. WPC compliance.

OSP Advisory Team

Website: ospcompliance.com

24/7 Support 📲 WA.ME/918779696580

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Get OSP Compliance subscription for your BPO or Call Center to avoid any incidental risk or legal trouble.

-----------------------------------------------------------------

WhatsApp Chat ☎️ WA.ME/918779696580⛔ 🇮🇳 ⛔ 🇮🇳 ⛔ 🇮🇳 ⛔ 🇮🇳 ⛔ 🇮🇳 ⛔ 🇮🇳Have you violated FEMA due to ignorance? Did you receive...
18/12/2022

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Schedule your Tele-Appointment with to save your precious time and hard-earned money on unwanted legal costs.

Learn more at Link ☎️ FEMA.ozg.in



₹4141 ☎️ ozglaw .com/appointment

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