A Depository facilitates holding of securities in the electronic form and enables securities transactions to be processed by book entry by a Depository Participant (DP), who as an agent of the depository, offers depository services to investors. According to SEBI guidelines, financial institutions, banks, custodians, stockbrokers, etc. are eligible to act as DPs.
in July 1969 along with 13 other major banks was nationalized and is now a Public Sector Bank constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970. Under the provisions of the Banking Regulations Act 1949, in addition to the business of banking, the Bank can undertake other business as specified in Section 6 of the Banking Regulations Act, 1949.
Export-Import Bank of India is the premier export finance institution of the country, set up in 1982 under the Export-Import Bank of India Act 1981. Government of India launched the institution with a mandate, not just to enhance exports from India, but to integrate the country’s foreign trade and investment with the overall economic growth.
Foreign Exchange Dealer's Association of India (FEDAI) was set up in 1958 as an Association of banks dealing in foreign exchange in India (typically called Authorised Dealers - ADs) as a self regulatory body and is incorporated under Section 25 of The Companies Act, 1956.
If you happened to search “GST” on Google during the first week of July 2017, about 106000000 results would pop up. The number now is exponentially more. The fact yells out a demand for knowledge on GST. Having been in the software and indirect tax sector for more than two decades, this demand was not let go un-noticed by us. Experts who were pursuing individual professions came together in a marriage of technology with taxation, and www.gstandmore.com was born. We have designed this website in such a way that it can be a rich source of knowledge and information on the surface, and if you dive into its ecosystem, an ocean of GST compliant possibilities. Even if you are a casual visitor, you can take back a slice of GST with you, not to mention the smile hanging from your lips courtesy the entertaining memes and news.
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