Prepaid Payment Instruments (PPI), popularly called Prepaid Cards or Prepaid Payment Cards, are the instruments used to make electronic payment for purchase of goods and services. Prepaid Payment Instruments offers great advantage over carrying liquid cash in terms of convenience and security.
Nidhi companies are mutual benefit companies which works for the benefit of its members. Operations of Nidhi Company are limited to its members, wherein the companies are permitted to accept deposit and give loan to its members. Legal compliances and requirements of Nidhi company are far less when compared with the NBFC’s, which are functioning…
PRODUCER COMPANY Producer company is a company formed for carrying out all or any of the following objects production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit: Provided that the Producer Company may carry on any of the activities specified…
Udyog Aadhaar is the registration number for Micro, Small & Medium Enterprises. Udyog Aadhaar replaced the SSI registration, wherein registration was a complex task. Getting registration under Udyog Aadhaar is a simple and easy process. Is registration under Udyog Aadhaar mandatory No, registration under Udyog Aadhaar is optional Who is eligible to get registered under…
Import Export Code (IEC or IE Code) is mandatory for carrying out import/export business. IE Code is issued by the Directorate General of Foreign Trade (DGFT) and it will be the same as that of the PAN of the applicant. There will not be any new number for carrying out import or export transactions. IEC…
Business of exporting goods or rendering services abroad from India aids economic development of the country due to the inflow of foreign currency. Identification of market and selection of quality products are the essential factors for export business. Government of India, in order to promote export, provide incentives in various forms for exporters. For example,…
A business can be conducted in either of the following modes Sole Proprietor Partnership Limited Liability Partnership Limited Liability Company Society Trust Among these, sole proprietary business do not requires much compliance’s and registrations in comparison with other modes.
If proper precautions are made, Money lending is flourishing business. It’s a process in which, money is lend against a security. Security may be land, building, gold, guarantee etc. Among these, gold loan offers a distinct advantage to the money lender, because in this situation the money lender is in possession of the security itself…
You own a private company, and it is inoperative due to some reasons or desires to close a loss making company. Closing of a inoperative business is also a business strategy. The resources tied up in a loss making or inoperative company can be utilized in alternate investment/business which possess growth prospects. A company may…
Company Registration Process in Kerala is a simple process. Initiative under ease of doing business has made the entire registration process as an easy task. Now a company can be incorporated even in one day. Company can be registered within 24 hours of filing the application for registration of the company. However, preparation and arranging…