I had taken up an IEC registration in 2018. But I dropped the business idea in a few months.
I don't need the IEC anymore.
Now my IEC number has come up in the list to be automatically deactivated by DGFT due to non-updation of profile.
Can I just let the IEC get deactivated by DGFT themselves or should I surrender it myself? Are there any differences between the two? Legally do both indicate closed business activities? And can I close my bank current account mentioned during IEC registration after IEC is deactivated by DGFT?
Thanks in advance for your valuable help and guidance.