Glossary of Terms

A brief overview of some of the terms found on this site

AGM : An Annual General Meeting is a mandatory, yearly meeting held by a share company.

Compliance: A state of being aware of and conforming to all rules and regulations.Companies strive to achieve this state as it protects them from penalties and liabilities.

DIN : A Director Identification Number is a number issued to the director of any incorporated company and is a pre-requisite for company incorporation.

DSC : A Digital Signature Certificate is an electronic form of identification and can be presented to verify identity electronically, in the same way that physical forms of identification can be presented physically to verify identity.

ECB : External Commercial Borrowing is a tool that Indian corporations are allowed to employ in order to access foreign funds.

FDI : Foreign Direct Investment (FDI) is defined as a business investment made by a foreign investor in which the investor has control of the purchased business. Control constitutes owning at least 10% or more of the business.

FIPB : The Foreign Investment Promotion Board is an Indian Government agency tasked with assessing and deciding on FDI that doesn’t qualify for automatic approval.

RBI : The Reserve Bank of India, the nation’s central bank, carries out regulatory, currency issuing and monetary stability-promoting roles.

ROC : The Registrar of Companies is an agency dealing with all company-related matters and tasked with administrating the Companies Act, 2013.