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| Consolidated Application in Form F |
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| RBI specifies the terms & Conditions & gives Notofication |
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| After scrutinizing within 15 days |
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| On the basis of Guidelines framed by RBI, SEBI, IRDA |
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| Zonal Approval Committee/Board |
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| Representative of the State Government |
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| Letter of Permission as per format specified in form G |
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