LLP Form 8 due date for FY 2020-21 extended till 30.12.2021
*MCA Updates*
LLP Form 8 due date for FY 2020-21 extended till 30.12.2021
Link: https://www.mca.gov.in/bin/dms/getdocument?mds=D6JwDgXJxJkSj9vnkrkNZw%253D%253D&type=open
LC SWIFT MT700 Fields (Clause-wise Explanation
Field 40A – Form of Documentary Credit Specifies whether the credit is Irrevocable / Revocable / Confirmed . 👉 Meaning: Almost all modern LCs are Irrevocable , i.e., cannot be cancelled without consent of all parties. Field 20 – Documentary Credit Number Unique LC number assigned by the issuing bank. 👉 Meaning: Used for identification and correspondence. Field 31C – Date of Issue The date when the LC is issued. 👉 Meaning: Marks the beginning of LC validity. Field 31D – Date and Place of Expiry Specifies the expiry date and the place where documents must be presented. 👉 Meaning: If documents are not presented before this date/place, the LC is no longer valid. Field 50 – Applicant The buyer/importer who requests the bank to issue the LC. 👉 Meaning: Party responsible for payment obligation to bank. Field 59 – Beneficiary The seller/exporter in whose favor the LC is issued. 👉 Meaning: Party entitled to receive payment upon compliance. Field 32B – Currency and Amoun...
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