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Sr Presentation On Business Startup India
1. Doing Business in India An Overview of Legal Entity Alternatives In India
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4. 2. Entity Options Available Promoter Company Incorporated Outside India Establish a Foreign Company In India Incorporate an Indian Company Project Office Liaison Office Branch Office Private Limited Company Public Limited Company
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7. 3. Brief Procedure for Entity Formulation We have Following two options Branch Office Company Formation 1. Operating history of Company worldwide 2. Proposed Interest and Activities 3. Reasons for opening branch in India 4. Any foreign exchange implication 5. MOA and AOA of Foreign Company 6. Resolution for opening branch office in India 7. Filling the required in form FNC 1 with RBI 1. Taking Digital Signatures of Directors 2. Taking directors Identification Number. 3. Application for Name approvals with ROC. 4. Drafting and preparation of MOA & AOA 5. Franking of the required Documents 6. Filling of all the documents with ROC 7. Correction of documents 8. Taking Certificate of Incorporation 9. For public Ltd company filling additional forms 10. Filling of Statement in lieu of prospectus 11. Taking Certificate of Commencement of business
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9. 5. Time schedule for various activities 2 – 3 Weeks Bank Account Opening Application to use “TM” 2-3 week Trade Mark Registration 2 – 3 Weeks Taking VAT and CST Registration & Profession Tax 1 – 2 weeks Taking Services Tax Registration 1 – 2 weeks Import Export Code 2 – 3 weeks Shop and Establishment Registration 2 – 3 Weeks Taking Permanent Account Number & Tax deduction Number 8 – 10 weeks or as per the meeting of Foreign Investment Promotion Board Taking FIPB Prior Approval 2 – 3 Weeks Intimation to RBI for Automatic Route 6 – 8 Weeks Formation of Public Company 3 – 5 weeks Formation of Private Company 5 – 7 weeks Setting Branch office Duration Activities