The Reserve Bank of India (“RBI”) on 05th January 2021 issued a circular introducing the Legal Entity Identifier (LEI), which is a 20-digit number used to uniquely identify parties to financial transactions worldwide. RBI has decided to introduce the LEI system for all payment transactions of value of Rs.50 crore
Universe of Registered Companies As of Nov-20, there are 22,03,735 companies registered in India out of which 12,93,006 companies are active. Currently, there are 24,051 active companies in the state of Andhra Pradesh. 19.7% of total active companies were incorporated after CY2018. The chart does not include LLPs. Company Classification
The Reserve Bank of India (“RBI”) on 14th December 2020 issued a circular directed to all Scheduled Commercial Banks and Payments Banks (and applicable to these banks only) wherein the RBI has issued a list of bank accounts which can be opened without any restrictions as was outline in the
The Reserve Bank of India (“RBI”) on November 13, 2020, issued a circular regarding the discontinuation of certain Reports & Returns under the Foreign Exchange Management Act, 1999. This initiative has been taken on account of ease of doing business and to reduce the cost of compliance for concerned entities.
Universe of Registered Companies Till Oct-20, there are 21,89,385 companies incorporated out of which 12,80,520 companies are active. As of Oct-20, 70,809 companies were active in Telangana state. 42.6% of total active companies were registered after CY2015. The chart does not include LLPs. Company Classification Currently, there are 60,574 public