ESTABLISH BUSINESS IN INDIA

A gist of services provided by us is as follows:

Selection & Formation of Business Forms

We can help you register your company anywhere in India.

Types of companies-
• Company with Limited Liability- Company where the liability of its members is limited to the extent of amount unpaid on the shares held by them in the company ,For example-A has purchased 10 shares of Rs 10 each and therefore his total liability towards the company is limited upto Rs 1000.

• Company with Unlimited Liability- Company with unlimited liability is just like partnerships ,where the liability of partners is unlimited and may extend to their personal assets .in such case of companies, the liability of its members is unlimited for the purpose of all the liabilities.

• Company Limited by Guarantees- The company where liability of its members is limited to the amount ,which he had agreed at the time of incorporation to pay on winding up of the company is the company limited by Guarantee .In this no amount is put in by the members at the time of incorporation and they agree to pay the same at the time of winding up of the affairs of the company.

The aforesaid companies are further classified into the following-
• Public limited company
• Private limited company

Foreign offices-
We can help you register your Foreign office anywhere in India.
Any Foreign Company except partnership & proprietary concern intending to set up business in India can instead of incorporating a company/LLP in India, can establish a foreign office in form of any of the following:

• Liaison Office
• Branch Office
• Project Office

Types of Foreign Office-

• Liaison Office- Liaison Office act as a channel of communication between the principal place of business or head office and entities in India. It is in the nature of a representative office set up primarily to explore and understand the business and investment climate.A Liaison Office is not permitted to undertake any commercial/trading/industrial activity , directly or indirectly and is required to maintain itself out of inward remittances received from abroad through normal banking channels.

Permitted activities-
• Representing in India the Parent Company /Group companies.
• Promoting export/ import from /to India.
• Promoting technical / financial collaborations between the Parent /Group companies and Companies in India.
• Acting as a communication channel between the Parent Company and Indian Companies.
• Branch Office- Foreign Companies (other than incorporated in Nepal) engaged in manufacturing and trading activities abroad are allowed to set up Branch Offices in India for the following purposes-
• Export/Import of goods.
• Rendering professional or consultancy services in the areas of parent’s entity activity.
• Carrying out research work, in which the parent company is engaged.
• Promoting technical or financial collaborations between Indian companies or Parent or Overseas company.
• Representing the Parent company in India and acting as buying /selling agents in India.
• Rendering services in Information Technology and development of software in India.
• Rendering technical support to the products supplied by the Parent/Group companies.
• Foreign Airline/Shipping company.
A branch office is not allowed to carry out manufacturing activities on its own and Retail trading activities of any nature but they are permitted to subcontract manufacturing activities to an Indian manufacturer.
• Project Office- Entities incorporated outside India planning to execute specific projects in India can set up temporary project/site offices in India .Reserve Bank of India has now granted general permission to foreign entities except citizen of Pakistan ,Bangladesh, Srilanka, Afganistan, Iran, or China to establish Project Offices subject to specified conditions. Such offices cannot undertake or carry on any activity other than the activity relating and incidental to execution of the project.

Necessary Conditions to be fulfilled for formation of Project Office-
• The project is funded directly by inward remittance from abroad.
• The project is funded by a bilateral or multilateral International Financing Agency.
• A company or entity in India awarding in India awarding the contact has been granted term loan by a public financial institution or a bank in India for the Project.
• The project has been cleared by an appropriate authority.

o Joint Ventures
o Wholly owned subsidiaries
o Special Utility Vehicles
o Public Limited Company
o Private Limited Company
o Sole Proprietorship Firm
o Partnership Firm
o Limited Liability Partnership Firm