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For obtaining the IEC number, a firm has to apply to the Director General for Foreign Trade (DGFT) with documents such as exporter/importer profile, bank receipt for requisite fee, certificate from the banker on the prescribed form, two copies of photographs attested by the banker, details of the non-resident interest and declaration about the applicant's non association with caution listed firms.The prescribed form of balance sheet as per Part I of Schedule I of The Companies Act has been duly given in Appendix I of this chapter for perusal and clarily.This status is granted to a firm on its achieving a prescribed average export of performance in past select years.According to Income Tax Act 1961, a company must deduct income tax at a prescribed rate from the interest payable on debentures if it exceeds the prescribed limit.Planning is basically an intellectual process involving thinking, articulation and analysis to discover and prescribe an appropriate course of action for achieving objectives.The equity share capital may be with voting rights; or with differential rights as to voting, dividend or otherwise in accordance with such rules and subject to such conditions as may be prescribed.We have done this with the intent that this might provide you the tools with which you can critically begin to understand and examine the world around you, and participate in it as the Constitution prescribes.But the Articles of the company can prescribe the manner in which the transfer of shares will be made.There are various theories of management, as propounded by many management thinkers, which prescribe certain universal principles.Any person who is interested in depositing money in an organisation can do so by filling up a prescribed form.The amount of authorised capital, together with the number of shares in which it is divided, is stated in the Memorandum of Association but the classes of shares in which the company's capital is to be divided, alongwith their respective rights and obligations, are prescribed by the Articles of Association of the company.However, if, after adjustment of income and expenses the balance in specific or Special fund is negative, it is transferred to the debit side of the Income and Expenditure Account or adjusted as per prescribed directions.He sold cats and dogs and monkeys; he dealt in fish food and bird seed, prescribed remedies for ailing canaries, and displayed on his shelves long rows of ornate and gilded cages.5 lakh on such higher paid-up capital may be prescribed, and (c) is a private company which is a subsidiary of which is not a private company.This format is not applicable to banking and insurance companies which have to follow the formats prescribed by their respective legislations.
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