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Adviser...
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Company PAN Card
is now
Compulsory.!! |
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PAN stands
for a Permanent Account Number, which is issued by the Department of
Income Tax in
India. It is given in the form of 10 digit alpha numeric laminated card. |
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Learn Trading Stocks |
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File
Company Taxes!
visit:
India-Tax.com |
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Open
DMAT Account!
Demat-Account.com |
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Get Complete Company
Registration Services.! |
There are 2 broad categories under which you can form a company in India:
A.
Steps in forming an Indian Company:
1. We first start with helping you fill the required paper work and ask all
relevant documents, like ID and Address proof of the directors who wish to
setup a company in India.
2. We help you apply Director�s Identification Number (DIN) from the Ministry
of Company Affairs (MCA).
3. Applying for Digital signature of one of the directors of the company
(DSC).
4. After obtaining digital signatures of one of the directors, an application
With Form 1A for name approval is filed with the ROC.
5. After we get the name approval from the MCA, memorandum and articles of
association are drafted and also other ROC forms are prepared and filed with
ROC for getting the Certificate of company registration/incorporation.
B. Steps in forming your foreign company in India:
1. Registration under Liaison office:
A liaison office is the most basic/simple form of registering your foreign
company in India. Liaison offices are usually made by foreign companies for
their business promotion. They do this by making as many people aware of their
product/service as they can and creating opportunities for investing in India.
If they get permission from Insurance Regulatory Development Authority of India,
Insurance companies from abroad can usually set up a liaison office in India.
There are rules and regulations regarding this.
A liaison office has permission to represent many companies in India, including
group companies. You can promote the export to and from India and the Import to
and from India. You can encourage partnership between a group company and a
company in India. This would make you a source of communication for the group
company and the one in India.
A liaison office is does not have the permission to generate any income. You
cannot take on any manufacturing, commercial, or trading action. You cannot
borrow or lend out money take for any manufacturing, commercial, or trading
action. You cannot charge any fees or generate any income.
2.
Registration under Project Office: If a foreign company wants to make a
company in India in order to do a project, they can register under project
office. The reason for registering a project office would be for your company to
have a temporary place to get your project down in India. If you want to open a
project office for your foreign company without getting permission from RBI, you
will need to have the following:
a. Inward Remittance and an International Financing Agency need to fund
your project.
b. You need to get your project cleared legally by the necessary offices.
c. The companies in India in which you are receiving the contract need to
have been given a loan by a bank or financial institute for your project.
If you do not have all of this, you must obtain permission from the RBI for your
project.
3. Registration under Branch office
If a foreign company wants to take up trading or commercial actions in India
without setting up an Indian company, it needs to be registered under branch
office. Some actions need permission from the RBI.
Branch offices have permission to take actions approved by RBI and that take up
the export of goods and import of goods in India. They must provide professional
services. You must do research where the group company is involved. You need to
encourage partnership between a group company and a company in India. You will
need to act as an agent that takes care of the purchasing and selling in India
representing your company. You need to have services dealing with the creation
of software in India and the information expertise. You need to give all of the
technical support needed for your products/services for the company. You also
need to handle all of the shipping for the company.
IMPORTANT: When registering any one of these three offices, you will need
permission from RBI and you will need to register with the ROC Company
Registrar. You will need to file your forms with the ROC 30 days before setting
up your business in India. With this, your foreign company will receive a
certificate of registration in India. |
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