I am planning to start ITES (Information Technology Enabled Services) work from home. I am an individual and not a company. Two other people will help me like a team who will be paid by me. This work involves doing medical transcription work. I will get assignments from US and New Zealand via Email and I will send the finished work through Email.

The employer will send us service charges based on the volume of work I do on a monthly basis. This project can last from 3 to 5 years, and we will get paid monthly like salary in US Dollar from a foreign bank to my indian bank via wire transfer (approximately 1000 to 1500 USD per month).

MY DOUBT IS:

1. Whether this is an export? (since we do not send any goods and we render services only online)

2. Whether we need an Import/Export code (IE Code) for this type of transaction. Private banks are not asking for IE code but when I approached Bank of Baroda, they asked it.

3. Whether FIRC (Foreign invwared remittance Certificate) is required after they pay me.

4. Whether this needs current account or savings bank account?

From going through various QnA on this forum, some are saying IE code is needed and some others saying, its not needed.

For example, pls see the following links.

"https://www.caclubindia.com/experts/iec-code-for-export-of-services-440420.asp


https://www.caclubindia.com/experts/import-export-code-726955.asp

http://yourstory.in/2012/01/import-export-code-for-service-providers/ require ie code for exporting a product service outside of india."

Okay in case of benefit of doubt, in case I apply for IE code now, nothing is wrong right. In case I apply for IEC, I don't have company, so can I apply in my individual name?

DO WE NEED TO INTIMATE ROC FOR ANY EMPLOYEE DRAWING MORE THAN 200000.PLS DO THE NEEDFUL.

I have filed for 1A with 2 directors & 2 shareholders.Name is approved. But now I want to make addition in directors & shareholders while filing Form 1.what is the procedure for the same.

APPOINTMENT OF DIRECTORS BY MEMBERS IN GENERAL MEETING
need explanation for sec.255 and 256

Please provide the DIN Logic

Process to surrender Certificate of Incorporation in case of name change and when , why , where to surrender in order to get a fresh certificate.

I M LOOKING FOR THE RESOLUTION TO FIX DATE AND TIME IN THE LAST AGM

SIR, WOULD U HELP ME TO GET THE SIMPLE NOTE OF LAW & ETHICS AND COMUNICATION TO SOLVE PRACTICAL SUMS AS WELL AS THEORY PREPARATION FOR PREPARATION OF NOV-2013 IPCC EXAM.

Sir,
im manikanta,my sir told me to prepare list of required document and procedure for payment of dividend,please let me know about all the things about dividend payment procedure and it is urgent sir plese help me.


thanks in advance

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