Our Services

• Preparation of business feasibility reports
• Advice on FDI routes
• Complete Incorporation
• FIRC AND FCGPR Compliances
• Assistance in Bank account opening
• Issuance of PAN/TAN
• Obtaining IEC
• Post Incorporation service

 

Know Make in India

India is world largest democracy and biggest market in respect of consumer goods with around 1.2 billion population.

Availability of all types of resources like man, power, infrastructure, experts are easily available almost in all the major parts of India. Not only this tax rebates and other industrial benefits for SME, SEZ and EOU units encourage industries to start business here.

Some other Major Advantages like:-

1. World biggest market and a democratic republic.
2. India is a fastest growing economy in the world.
3. Strong Judiciary System.
4. Large pool of skilled manpower, strong knowledge base with the significant English speaking population.
5. India is a member of World Trade Organization.
6. The urban population of India will double from the 2001 census figure of 290 m to approximately 590 m by 2030(Mckinsey).
7. Many investment schemes and Import/ Export benefits.
8. Progressive Tax structure.
9. One man company and Limited Liability Partnership options available here.
10. Strong Banking infrastructure- availability many scheduled nationalized and multi-national banks.

Sectors in Which one can invest?

• Automobiles
• Automobiles Companies
• Aviation
• Biotechnology
• Chemicals
• Construction
• Defencce Manufacturing
• Electrical Machinery
• Electronic System
• Food Processing
• IT and BPM
• Leather
• Media and Entertainment
• Mining
• Oil and Gas
• Pharmaceuticals
• Ports
• Railways
• Renewable Energy
• Roads and Highways
• Space
• Textiles and Garments
• Thermal Power
• Tourism and Hospitality
• Wellness

SECTORS WHERE FOREIGN DIRECT INVESTMENT IS PROHIBITED :

• Lottery Business including Government /private lottery, online lotteries, etc.
• Gambling and Betting including casinos etc.
• Chit funds
• Nidhi company-(borrowing from members and lending to members only).
• Trading in Transferable Development Rights (TDRs)
• Real Estate Business (other than construction development) or Construction of Farm Houses
• Manufacturing of Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes
• Activities / sectors not open to private sector investment e.g. Atomic Energy and Railway Transport (other than construction, operation and maintenance of (i) Suburban corridor projects through PPP, (ii) High speed train projects, (iii) Dedicated freight lines, (iv) Rolling stock including train sets, and locomotives/coaches manufacturing and maintenance facilities, (v) Railway Electrification, (vi) Signaling systems, (vii) Freight terminals, (viii) Passenger terminals, (ix) Infrastructure in industrial park pertaining to railway line/sidings including electrified railway lines and connectivities to main railway line and (x) Mass Rapid Transport Systems.)
• Services like legal, book keeping, accounting & auditing.

SECTORS WITH CAPS

• Petroleum Refining by PSU (49%).
• Teleports (setting up of up-linking HUBs/Teleports),Direct to Home (DTH), Cable Networks (Multi-system operators (MSOs) operating at national, state or district level and undertaking upgradation of networks towards digitalization and addressability), Mobile TV and Headend-in-the-Sky Broadcasting Service (HITS) – (74%).
• Cable Networks (49%).
• Broadcasting content services- FM Radio (26%), uplinking of news and current affairs TV channels (26%).
• Print Media dealing with news and current affairs (26%).
• Air transport services- scheduled air transport (49%), non-scheduled air transport (74%).
• Ground handling services – Civil Aviation (74%).
• Satellites- establishment and operation (74%).
• Private security agencies (49%).
• Private Sector Banking- Except branches or wholly owned subsidiaries (74%).
• Public Sector Banking (20%).
• Commodity exchanges (49%).
• Credit information companies (74%).
• Infrastructure companies in securities market (49%).
• Insurance and sub-activities (26%).
• Power exchanges (49%).
• Defence (49% above 49% to CCS).

Entry Procedures

Liaison office: Setting up of a liaison office requires prior approval from Reserve Bank of India (RBI). Approval is usually granted for a period of three years and can be renewed thereafter.

Branch office: A prior approval from RBI is required. RBI closely examines the proposed activities to be carried out in India.

Subsequently, a certificate of establishing place of business in India is required to be obtained from Registrar of Companies.

Project office: In specified cases, a project office is allowed to be set up under automatic route otherwise a prior approval is required from RBI. As in case of branch office, a certificate of establishing place of business in India is required to be obtained from Registrar of Companies.

Incorporation of a companyior approval is required from RBI. As in case of branch office, a certificate of establishing place of business in India is required to be obtained from Registrar of Companies.

For registration and incorporation, an application has to be filed with Registrar of Companies. Once a company has been registered and incorporated in India, it is subject to laws and regulations as applicable to other domestic companies in India.

There two types of companies which can be incorporated:

Private company: A private company is a company which has minimum of two members and a minimum paid up capital of Rs. 100,000 or a higher paid up capital as may be prescribed.
By its articles, a private company has to:

• Restrict rights to transfer its shares, if any
• Limit its shareholders to a number of fifty
• Prohibit any invitation to public to subscribe any of its shares or debentures of the company
• Prohibit any invitation to acceptance of deposits from any person other than its members, directors or their relatives

Public company: A public company is defined as a company which is not a private company. A subsidiary of a public company is also treated as a public company. A public company is required to have a minimum paid up capital of Rs. 500,000 with a minimum seven members and three directors. Maximum number of directors is 12 but can be increased subject to government approval.

Incorporation procedure:

Following steps are required to incorporate a company:

• Obtaining DIN (Director Identification Number)
• Applying for name availability
• Drafting Memorandum of Understanding (MOU) and Articles of Association (AOA)
• Court stamping of MOU and AOA
• Signing of MOU and AOA by first subscribers
• Filing with Registrar of Companies (ROC)
• Vetting of MOU and AOA by ROC
• Obtaining certificate of incorporation

Immediate Business compliances:

Following registrations would be required to be done, depending on the nature of the business:

• PAN (Permanent Account Number): All income tax payers are required to obtain an income tax registration number i.e. PAN
• TAN (Tax Deduction Account Number): While running a business, certain payments will require the payee to withhold tax. A new business is required to obtain Tan from income tax department.
• Excise registration: Excise is an indirect tax levy on the manufacture of certain goods.
• GST: Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
• FRRO (Foreigners Regional Registration Office): Foreigners coming to India on employment need to register with FRRO within 14 days of their arrival.
• IEC (Import Export Code): Prior to carrying out any export or import activities, it is mandatory to obtain an IEC from Directorate General of Foreign Trade.