Cogzidel would like to inform its readers about a recent circular from the Reserve Bank of India (RBI). The Circular about Exchange Earner’s Foreign Currency (EEFC) Account (Circular no. 124 dated 10 May) states that, in respect of all future forex earnings, an exchange earner is eligible to retain 50% in non-interest bearing EEFC accounts. [...]
A private limited company is a company incorporated under the Companies Act, 1956 with a minimum paid-up share capital of Rupees One Lakh or such higher capital as may be prescribed and its Articles shall prohibit invitation or acceptance of deposits from the public. It must comply with the legal provisions laid down by the [...]
What is a Stock Market? As per Securities Contract (Regulation) Act 1956, stock market means any body of individuals, whether incorporated or not, constituted for the purpose of assisting, regulating or controlling the business of buying and selling or dealing in securities. The Stock Market a platform for buying and selling of securities. It facilitates [...]
What is an IE Code: IE Code stands for Import Export Code. IE Code number is a unique 10 digit code issued by the DGFT – Director General of Foreign Trade, Ministry of Commerce and Government of India to facilitate import or export in India. Need for IE code Registration: IE Code number is authenticated [...]
SSI Registration SSI stands for Small Scale Industries. Registering an organisation as an SSI will entitle the organisation to various benefits. A brief account of SSI registration, procedures and benefits are given below Benefits of Registering: Even though there is no statutory basis for SSI registration, organisations would normally get registered to avail some benefits, [...]