How to set up a business in India?

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 In the present scenario, it is very easy to start a company in India. The best thing is it takes less time according to past years. Now it takes less than five weeks to register a company in India. Before planning to set up a business in India firstly you have to decide which type of business is required. There are two types of companies: private limited companies and public limited companies.

LIAISON OFFICE

It is the basic form of business presence that a foreign company can have in India. It is granted by (Reserve bank of India) RBI. It is established by foreign companies to advertise their business interests by spreading awareness of their products or services and exploring opportunities for business and investment in India.

SCOPE OF ACTIVITIES:

•             Represent the parent/group companies in India

•             Promote exports and imports from/to India

•             Grow financial collaborations between parent/group companies and companies in India

•             Act as communication between group or parent companies and companies in India.

 

ENTRY REQUIREMENTS FOR DOING BUSINESS IN INDIA

•             Public Limited Company

•             Private limited company

 

1. Public limited company

A company that will offer shares to the public is known as a public limited company. The Companies Act 1956 gives instructions to a list of criteria that have to be met by the public limited companies before they start their business operations in India. Some of the criteria will discuss below.

 

•   Must have at least seven shareholders.

•   A public company is easily allowed to start its activities only after procuring the ‘Certificate of Commencement of Business’.

•   Must has at least 3 directors.

•   the company should set up statutory meetings from time to time.

 

2.   PRIVATE LIMITED COMPANY

It is not purchased by any government body and it does not offer public shares. The number of shareholders for a private limited company is a minimum of 2 and the maximum is 50.

Conclusion

For more details, you can visit our website. If you want to Business Setup in India then our team of experts will provide all assistance in starting a business in India. With the experience, we gained from many years with many clients who have started their successful business in all parts of India, we can assure you that we provide only the best services at excellent rates.

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