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Setting Up Business In India
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However, before starting any business, certain
Basic question will click your mind such as
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What is Foreign Investment Policy?
Where to set up? What type of organization to be formed?
What is the procedure for setting up?
What are the post set up actions?
What are continuous essentials for business?
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What is Foreign Investment Policy?
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Foreign Investment InIndia
Permitted Sector
Automatic Route
Investment upto the %allowed in the respective
sector
Approval Route
Approval of prescribedregulatory authority is
required
Prohibited Sector
No investment is allowedin the prohibited sector
Foreign Investment In India
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Where To Set Up?
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Location Availability ofraw material
Proximity to theProduct Market
Labour Supply
Transportfacilities Infrastructure IncentivesOffered Climatic factors
Key Factors for Manufacturing Industry
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Key Factors for Service &Trading Industry
Nature ofBusiness
TargetCustomer
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What type oforganization to be formed?
CompanyPartnership
(Only for NRI)Foreign Office
Options Available
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Type of Organization-Company
A company is registered in accordance with the Companies Actand is a separate legal entity, distinct fr om its shareholders,
directors and managers. The liability of the shareholders is limited
to the amount paid or unpaid on issued share capital. A company
has unlimited life and no limit is placed on the number of
shareholders.
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Company-Basic Features
Is a Body Corporate i.e. Owners & Company are distinct
Owners are nown as are olders
Company is managed by Directors
Registration is required for forming Company
Every s are olderowns s are in t e capital of Company
Company is recognized and regulated by law
uitable for medium and large scale operations
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Type of Organization-Partnership
(Only for NRI)
Partnership is combination of two or more pr oprietorships, whohave agreed to pool their resources for a common objective and
with a view to earn profit. Partnerships are established pursuant to
partnership deed between the partners and they can be formed for
particular time duration or particular project and according to the
will of the partners.
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Partnership-Basic Feature
Partnership is not a Body Corporate
It is not recognized by law
Registration is optional for forming Partnership
Liability of Partner is unlimited
Suitable for small and medium scale ofoperations
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Type of Organization-Foreign Office
Any Foreign Company intending to set-up business in India canestablish a foreign office in f orm of Liaison, Branch or Project
Office based on the requirement of operations, instead of
incorporating a company in India. Foreign Offices are generally
preferred when only limited activities are required to be carried on
and scale of business operations is not big. Setting up ForeignOffices, gives Foreign Companies an opportunity to observe the
India business environment before making full head start.
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Foreign Office-Basic Feature
Foreign Offices work as representative office in India
Each type ofoffice can undertake only prescribedactivities in India.
Allowed to carry on operation for limited period.
Approval of RBI is required for establishing ForeignOffice
Foreign offices are preferred for export/import & ITbusiness
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What is the procedure for Setting up
business?
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ObtainingDirectorsIdentification
Number for theDirectors
Applying for DigitalSignatures for
Director
Making applicationfor name approval
of company
PreparingMemorandum &
Articles ofAssociation
Filingincorporation
documents withthe Registrarof
Company
Certificate ofIncorporation
Company-Incorporation Procedure
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Foreign Office-Formation Procedure
Apply to ReserveBank of India for
approval
RegisterwithRegistrarofCompanies
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What are the post business
set up actions?
Forming an organization is just a beginning and
only half job is done.
In order to carry on business , further actions
needs to be taken.
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I-Setting up office & infrastructure
Purchase/rent office
If possible , business can also be run fromhome
Apply forwater and electricity connection
Apply for internet and telecommunicationconnection
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II-Opening of Bank Account
Check thefacilities offeredby each Bank
Check out forspecial services
for SME &Startups
With onlinebanking, logistics
factor is notmuch important
Prefer privatebanks in
comparision toPublic Sector
banks
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III-Obtain Tax Number
Mandatory numbers likePAN & TAN
Business specific taxnumbers like service tax,
value added tax
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IV-Business Specific Approval
In case of certain business, it is necessary to obtain thepermission of prescribed regulatory authority before undertaking
the said business.
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V-Hiring of Manpower
What are therequirementsof the jobs to
be filled?
What kinds ofpersons are
needed?
How manypersons are
needed?
What sourcesof recruitment
may beutilized?
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VI-Other Requirements
Labour Registration
Registration under
applicable labour laws
Printing of stationery
Printing of letterheads, sign
boards, visiting cards andother stationary
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Comprehensive Information on all the issues
relating to setting up business in India
Comprehensive
information
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Select Your
Business
Motive
Get the
desired
information
Customized Information According to theNeed of User
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Innovative Calculators
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All Services Relating to Setting of any type of
Business All Across India Under One Roof
India Entry Services
Joint Venture Advisory
Foreign Office Registration
Business Entity Formation
Shelf Company
Services For Startups
Business Support Services
Compliance Management
Business Approval
Trademark Registration
Registered /Virtual Office
Registration under Software Technology
Park Scheme
Business Research Report
Brand Research
Public Relations
Business Buy/Sell
Tax Advisory
Tax Registration
India Entry Services
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Thank You
For any ClarificationPlease drop a mail at [email protected]
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