Over the years, we have achieved a prominence place and recognition in the competitive market as we provide credible services in Setting up Business in India. These services are rendered as per the rules and regulations set up by the governing bodies. Choosing the right form of Business organization in India plays a significant role in the success of a business venture in India. Our commitment towards excellence and maximum client satisfaction enables us to assists our clients with Setting up Business in India. We follow well defined service plan and are supported by professionals holding rich industry experience. This helps our global clients an easy access to different industrial sectors as needed by them. The various options available to for setting up business in India are Wholly Owned Subsidary, Joint Venture with a local company, merger or acquisition of a local company, liaison office, branch office or through franchising.
The following constitutions are an available option for Setting up Business in India:
A Private Limited Company in India / Public Limited company in India.
Set up companies in India both singly or jointly with an Indian counterpart.
Limited Liability Partnership (LLP)
Incorporation of Company In India
Incorporation of Companies in India is governed by the Companies Act, 1956. The Companies Act lays down rules and regulations for the establishment of both Public and private limited companies in India.
For incorporating a Private Limited Company a minimum of 2 directors and a minimum of 2 shareholders are required. The Authorised Capital of Private Limited Company should be at least 1 Lakh.
For a Public Limited Company a minimum of three directors are required and minimum of seven shareholders. The Authorised Capital of the Company should be at least 5Lakhs Rupees.
Steps for Formation of Company in India
Identifying & advising appropriate type of Company – Private or Public
Apply for Digital Signatures & Directors Identification Number .
Selection of available name for the proposed company under prescribed guidelines
Drafting of Objects, Activities and Memorandum and Articles of Association of the company
Stamping, certification & filing of necessary forms and obtaining approvals with the Registrar of companies.
Obtaining Certificate of Commencement of business (in case of public limited)
Liaison office in India: We are also equipped with Liaison office in India that is set up on the approval of the Reserve Bank of India (RBI) to carry out activities that are as follows:
Collection of information or execution of a project
Promotion of exports/imports
Facilitate technical/financial collaborations
Liaison offices are also restricted in carrying out these activities as they are not allowed to undertake any commercial activity directly or indirectly
Branch Office in India: In order to carry out business in India, any foreign company can set up a branch office under the regulatory control of the Registrar of Companies for the following purposes:
Rendering professional or technical consultancy services
Export/Import of goods or promotional marketing
Promoting technical or financial collaborations between Indian companies and parent or overseas group company
Rendering technical support to the products supplied by the foreign company
Advantages enjoyed by a branch office over a representative office are as follows:
Acquire assets such as immovable property
Remit its profits after paying the applicable taxes to its parent company
Treated as an extension of foreign company for taxation purpose
INCORPORATION OR FORMATION OF LIMITED LIABILITY PARTNERSHIP (LLP) Limited Liability Partnership (LLP) is one of the legal forms of business entity which is governed by the Limited Liability Partnership Act, 2008 in India. LLP is a body corporate and a legal entity separate from its partners.
While the LLP has a separate legal entity, liable to the full extent of its assets, the liability of the partners would be limited to their agreed contribution in the LLP. No partner would be liable on account of the independent or unauthorized actions of other partners, thus allowing individual partners to be shielded from joint liability created by another partner’s wrongful business decisions or misconduct.
Every LLP shall have a minimum of twopartners and shall also have at least two individuals as Designated Partners, of whom at least one shall be resident in India and there is no maximum limit as to the number of partners a LLP may have.
LLP has a perpetual existence like a Company, which means that LLP continues irrespective of changes in partners.
Steps for Formation of LLP in India
Deciding the Partners and the Designated Partners.
Apply for Digital Signatures & Designated Partners Identification Number.
Choosing Name of Proposed LLP.
Filing of Incorporation Document and obtaining Certificate of Incorporation.
Drafting and filing of LLP Agreement.
Filing Details of Consent of Designated partners/partners.
COMPANY INCORPORATION BANGALORE, LLP INCORPORATION BANGALORE, LLP REGISTRATION BANGALORE