ICICI Bank Launches Infinite India For Foreign Companies Setting Up Operations In India moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
ICICI Bank launches ‘Infinite India’: All you need to know
A pedestrian walks past an ICICI Bank Ltd. branch in Mumbai, India, on Friday, Dec. 4, 2020. Home sales in India s commercial capital jumped to an eight year high in October, according to data from Knight Frank, marking an abrupt turnaround for a market that s spent three years in the doldrums after aprolonged shadow banking crisisstrangled access to credit. Photographer: Dhiraj Singh/Bloomberg
(Bloomberg)
‘Infinite India’ offers banking as well as value-added services
Share Via
Read Full Story
ICICI Bank announced the launch of an online platform for foreign companies looking to establish or expand business in the country. Called ‘Infinite India’, the platform offers them banking solutions as well as value-added services. An industry-first initiative, the ‘Infinite India’ platform offers significant convenience to foreign companies, as it eliminates the need of co-ordinating with multiple touchpoints l
Highlights
Value-added services to meet requirement of foreign companies.
The Bank will induct more partners on board.
New Delhi: ICICI Bank on Tuesday launched online platform Infinite India for foreign companies looking to establish or expand business in the country.
ICICI Bank s Infinite India, platform offers them banking solutions as well as value-added services such as incorporation of a business entity, corporate filings, licences and registrations, HR services, compliances and taxation among others. ‘Infinite India’ platform offers significant convenience to foreign companies, as it eliminates the need of co-ordinating with multiple touchpoints leading to a hassle-free experience of doing business in India, the company said in a statement.
I. Types of Business Entities
1. Description of the types of entities available -
In Chile, there are different types of entities available to establish a business. The most common entities for foreign investment are: (I) Limited Liability Partnership or Company (Sociedad de Responsabilidad Limitada, “SRL”); (ii) Corporation (Sociedad Anonima, “SA”); and (iii) Stock Company (Sociedad por Acciones, “SpA”).
a) Sociedad de Responsabilidad Limitada -
The SRL has a minimum of two partners and a maximum of fifty. There is no restriction on foreign partners. There cannot be less than two partners, as the partnership is automatically dissolved if there is only one partner. Each partner’s liability is limited either to the amount they contributed to the capital or an upper amount specified in the partnership deed. This company differs from the next two (SA’s and SpA’s) in its character as “persons corporation”, where the identity of the partners and the relation b
December 17, 2020
The Reserve Bank of India (RBI) has invited companies in the cross-border payments space to apply as part of the second cohort of its regulatory sandbox, it said in a release on Wednesday. The first cohort under the RBI’s sandbox involved companies in the retail payments space be it for feature phones, offline payments or contactless payments. As of date two entities have begun testing their solutions and another four are expected to begin testing their solutions in due course.
The RBI released the framework for its regulatory sandbox in August 2019, which would help companies and startups test new payments and lending solutions, among others, under limited regulatory controls and supervision. The aim of creating the sandbox is to test a “product’s viability without the need for a larger and more expensive roll-out,” while at the same time giving regulators “first-hand empirical evidence on the benefits and risks of emerging technologies and their imp