A business enterprise, whether small/medium/large, is an economic institution engaged in the business of goods and/or services with the object of sustaining continuously and earning profits. There are various forms in which a business may be organized and each form has its own merits and demerits.
Company Formation Services
Process of Company
Formation in India
FAQ’s
Foreign Company - Entry Strategy In India
To set up business operations in India, a foreign company has following options:
- As an Indian Company (‘IC’)i.e. as incorporated entity under the Indian Co Act.
- As a Foreign Company (‘FC’) i.e. as an unincorporated entity
1. As an Indian Company (‘IC’)i.e. as incorporated entity under the Indian Co Act
- (a) Through Joint Venture (JV) with some Indian partner or
In JV there will be a joint ownership in the company by the JV partners. This option is chosen where the foreign company wishes to take local experiences of the Indian partner, as a capital sharing, where the size of capital involvement is large, or there may be a case that FDI policy (‘Foreign Direct Investment’) of India does not allow 100% foreign equity in the chosen sector. - (b) Wholly Owned Subsidiary (WOS)
WOS is chosen when foreign company does not want any outside person interference in the company ownership, policies and decisions. Also this format can be chosen when 100% FDI is allowed as per the Govt FDI policy.
Incorporated entities in India are governed by the provisions of the Companies Act, 1956. The authority that oversees companies and their compliances is the Registrar of Companies (“RoC”).
Further, the income tax rate applies @ 30% plus surcharge on profits of an Indian Company.
DIN
DIN is a pre-requirement for every promoter director involved in the formation of company. Process start with obtaining of Provisional DIN through online form DIN-1 Take a print out of Provisional DIN, paste photograph, sign at the prescribed places and send the same to DIN
DSC
DSC is a verification tool used for uploading of any document with Registrar of Company . Therefore, DSC is pre-requisite for filing online forms wrt name approval, incorporation documents etc. DSC can be obtained for any one director of the proposed company..
PAN
Accounting Services
In a business entity, innumerable transactions take place every day, most of them being financial in nature. Correct recording of these transactions is very important for every organization. This not only helps at the time of finalization of accounts but also in the event of scrutiny or demand of information from any authority.
Important regulatory authorities for
investment in india
Various forms
Laws governing business in india
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