REAL-TIME ONLINE SOFTWARE SYSTEMS
|EPD Circular Letter No. / 06||March 31, 2007|
In order to strengthen and streamline the internal controls and overall workings of the Exchange Companies of \'B\' Category [EC(B)], it is advised to ensure the following with the timelines given thereagainst:
|1||a. Ensure installed efficient software fully capable of fulfilling the business & reporting requirements.
b. System generated receipts should be issued in accordance with the instructions and Rules & Regulations prescribed for EC(B)s including Rules No. 17, 18 and 19.
c. The computer systems must be integrated and interconnected through networking. d. Such software be installed / used which have the capability of working on real-time online basis.
|May 31, 2007|
|2||All the branches of EC(B)s are required to be real time online with their Head Offices.||August 31, 2007|
The Exchange Companies of \'B\' category are directed to meticulously comply with the above instructions.