v Banking, Accounting & Allied v
There are about 3155 (31.12.94) branches of scheduled commercial
banks in Rajasthan. State Bank of Bikaner and Jaipur (SBBJ) is the lead bank of the state.
The major Indian and foreign banks provide merchant banking and other specialised services
to industrial units in Rajasthan, through their branch offices in Delhi and Bombay. The
apex institution for term financing, the industrial Development Bank of India (IDBI) and
the Industrial Finance Corporation of India have branch offices in Jaipur.
All
the major towns in the State have a strong presence of practising chartered accountants.
Jaipur has around 600 practising chartered accountants. In addition, all the major
international accounting firms service their clients in Rajasthan through their
representative/ correspondent firms located in Delhi and Bombay.
All
matters between the State administration and an individual industrial enterprise would
normally fall within the jurisdiction of the State High Court at Jodhpur ( which has a
branch at Jaipur). Legal advice/ support in such matters is available from members of the
local Bar Council. In contracts between individuals/ corporations, it is possible to
sepcify the court of jurisdiction in case of disputes. Specialised advice on contractual
matters including patent/ trade rights may be obtained from solicitors located at Delhi,
Bombay and other metros.
Larger
agencies proceeding management consultancy, advertising and market research services are
located at the four metros. However, smaller agencies providing these services are
available at Jaipur and other larger towns in the State.
Jaipur
Stock Exchange, established in 1989, is already the third largest in the country in terms
of membership. At the end of the January '96, 750 companies were listed on this exchange.
The volume of daily turnover averages about Rs. 80 million at present.
Rajasthan A
Profile :
Geography & Demography
Government &
Administration
Overall Economic
Situation
Attraction for
Industrial Development
Industrial
Development
Natural Resources
Human Resources
Investment
Oppertunities
Industrial Infrastructure
Transportation
Power
Water
Telecommunication
Banking, Accounting
& Allied Service
Social Structure
Investment Climate
Regulatory
Environment
Labour & Industrial
Relation
Facilities & Incentives
Setting Up and Industrial Unit
Procedures
Nationality Policy Environments
Details
