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d)
Setting up a Company |
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We can
incorporate a Private Limited Company in India in following
two ways: |
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1) Incorporation
of a Company as a Wholly Owned Subsidiary
2) Incorporation of a Private Company with two Individuals
as shareholders
The Foreign Direct Investment is permissible
as per the Sectoral Cap mentioned in ANNEXURE B of Schedule
I of Foreign Exchange Management (Transfer or issue
of security by a person resident outside India) Regulations,
2000 |
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|
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e) Setting up a Factory |
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Factory license can be issued only to a
COMPANY. To setup a Factory the Foreign Company has to
first incorporate a company in India. |
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|
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Obtain and provide relevant details / information
regarding setting up business in India. |
|
Obtain necessary legal and government approvals
depending on the setup of the Indian operations
(Liaison office, Branch office or Company), including
permission from FIPB and RBI. |
|
Prepare a Project Report on ideal structure
& location of Indian outfit depending on the requirement
of overseas clients |
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Provide the required infrastructure support
services |
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Take care of all planning and execution
for setting up business in India |
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|
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f)Acting as Buying Agent
for procuring producers, raw material and services from
Indian market |
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|
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g)Technology Transfer Agreement
with Indian manufacturers (Transfer of technical knowhow) |
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| B) |
Compliances after Setting up
Liaison office, Branch office or Company (as applicable) |
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To assist and accompany in identifying /
finalizing warehouse /office and residential premises |
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To draft the Lease Agreement for warehouse
/ office and residence |
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To assist in appointing suitable Indian
National employees and draft the Employee’s contract |
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To prepare an application for obtaining
Import-Export Code (IEC) and obtain the same |
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To apply for registration of Branch/ Liaison
office under various statutes and obtain certificate of
registration for the same |
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To assist in appointing Clearing & Forwarding
Agent (C&F Agent) and draft a contract for the same |
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To advice and assist in appointing distributors
/ selling agents in India and draft an agreement for the
same |
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Provide ongoing services to take care of
all legal, accounting, auditing, taxation, financial,
HRD and Company Secretarial requirements |
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