Educational reference only. Terms are simplified for orientation. Confirm current applicability, forms, deadlines, thresholds, and process details in the linked official source and with a qualified professional.
1. Cross-border research terms
Cross-border questions need exact facts and current primary materials.
- RBI
- Reserve Bank of India, which publishes legal material, notifications, circulars, and Master Directions.
- FEMA context
- A shorthand for foreign-exchange regulatory questions; not a substitute for a fact-specific conclusion.
- Master Direction
- An RBI document category; use the current indexed document and update status.
- Authorised dealer
- A banking/foreign-exchange term that may be relevant to a transaction’s operational route.
- FIRMS
- RBI’s Foreign Investment Reporting and Management System portal; use only after current applicability research.
2. Trade and business registrations
These statuses are different from each other and from tax/corporate compliance.
- IEC
- Importer-Exporter Code, described by DGFT as a key business identification number for import/export.
- DGFT
- Directorate General of Foreign Trade, the official trade-services authority.
- Udyam
- The official MSME registration system; use the live official domain and current criteria.
- DPIIT recognition
- A Startup India recognition context for eligible startups; distinct from incorporation.
- Self-declaration
- A declaration made by the applicant based on its own information in an applicable process.
3. Employer workflow terms
Employer coverage and process questions should be researched from current official material.
- EPFO
- Employees’ Provident Fund Organisation, with an official employer-services portal.
- ESIC
- Employees’ State Insurance Corporation, a separate employer-compliance ecosystem.
- Establishment
- The employer/business unit whose facts may matter for coverage and compliance research.
- Payroll record
- A record of employee pay and related facts used in employer compliance work.
- Monthly return
- A recurring-return concept shown in official employer-service material; applicability needs confirmation.