New provisions are provided for physical verification of registered office of companies vide The Companies (Incorporation) Third Amendment Rules, 2022. For this purpose, a new Rule 25B has been inserted into Companies (Incorporation) Rules, 2014.
In this article, you will get a detailed analysis of the new “company name” norms that will be effective from 1st of September 2021.
Doing business outside of India and growing business internationally is an essential part of a company’s business expansion policy. If you as a business enterprise are looking for a way to set up a business outside of India, along with the legal requirements of that country a few of the Indian legislation and statutory requirements have to be kept in mind as well.
Know every thing about what are the advantage of company over partnership or any other forms of businesses registered in India.
A promoter is a person who undertakes to form a company with reference to a given project and sets it going and takes the necessary steps to accomplish that purpose.
Various foreign entities are opting for various methods to set up their entities in India such as set-up a subsidiary in India with Foreign Company as holding, Project Office, Liasoning Office, Branch Office, Direct Investment in Indian Companies etc.
Provisions related closure of Project Office/Liaison Office/Branch Office are regulated by Foreign Exchange management Act read with FEM (Establishment in India of Branch or Office or Liaison office or a project office or any other place of business) Regulations, 2016 and Master Directions No. 10/2015-16 dated 1st Jan, 2016.
From a foreign company’s point of view, India is one of the booming country’s to start a business in India. India is in the developing stage in terms of economy, growth, infrastructure, and technology. There are many untapped businesses where India has not yet stepped in or some of them are being outsourced. Business set up in India is all set to grow tremendously in all facets of areas, the major factors being changing Governmental policies, boost for international trade, welcoming culture of India, spending habits of the population, huge market base. 1. Advantages for Foreign companies Though India is a developing country yet
Every business requires calculated risk-taking abilities to succeed in today’s highly competitive market. That’s why gen-y entrepreneurs love to showcase their talent and risk-taking ability in front of the world. However, ending up in the legal battleground in the process due to missing legal documents would be a big blow to a business. Legal documents play an important role in safeguarding your business from misunderstandings and legal conflicts. Also, they help to ensure accountability and transparency whenever a dispute arises in the business space. Still, several business founders commit the common mistake of ignoring legal formalities during the early growth
If you have to ask experts: Why are LLPs becoming the choice of business operations for startup enthusiasts? The answer will include various reasons such as low formation cost, lesser compliance and restrictions, and, most importantly, greater flexible options that only a Limited Liability Partnership offers. 1. What is a Limited Liability Partnership? Partnership firm is a simplified form of business and it is least organised as it is governed by terms and conditions mutually agreed in partnership deed. However, Limited or Private Limited Company are related complicated as it is governed by provisions of Companies Act, 2013 and also
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