Business Archives - Page 2 of 7 - Neeraj Bhagat & Co.

March 17, 2021 / Business

Is it mandatory for a foreign national to be resident for starting business in India?

A Foreign National need not be a resident to start a business in India, and there are several ways to set up a new business in India as:

Limited Company
A company in India can be incorporated by a Non-Resident Indian as a Private Limited, a Public Limited or a Wholly Owned Subsidiary (WOS) under the Companies Act, 2013.

In Limited Companies, Foreign Direct Investment (FDI) is freely permitted subject to the FDI Policy in almost all sectors. Under the …

January 1, 2021 / Business

Where to set up a new business in India?

Any Business should base in a city where they have the best relationships with the business environment. This includes relationships with talent, suppliers, buyers, and investors.

Let us understand briefly about some states in India for starting a new venture: –

# Capital State of India i.e. New Delhi: –

New Delhi is the capital city of India. It is one of the most targeted emerging market retail destination in Asia. Since New Delhi is the seat of the Central

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January 1, 2021 / Business

Can a foreign national start a business in India without being a resident?

A Foreign National can start a business in India without being a Resident and one can setup up a new business in India in any of the following ways:

A. Limited Company (Private Limited/Public Limited Company)
B. Limited Liability Partnership (LLP)
C. Branch Office or Liaison/Representative Office, Project Office

A. LIMITED COMPANY
A non-resident Indians can incorporate a Company in India under the Companies Act, 2013, as a Private Limited, a Public Limited or a Wholly Owned Subsidiary (WOS).…

January 1, 2021 / Business

Companies fresh start scheme, 2020 –one time last opportunity to get rectify non-compliances

The MCA on 30th March 2020 launched a compliance relaxation scheme namely, Companies Fresh Start Scheme, 2020. The Scheme was formulated to provide opportunities to companies to make good of any filing default, and make a fresh start as a fully legally compliant entity. The crux of Schemes is to provide a one-time waiver towards payment of additional filing fees by companies with the Registrar of Companies during the term of the Scheme, i.e.: from 1 st April 2020 to …

January 1, 2021 / Business

Startup and Sweat equity shares

Startup: Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities.

Who can be registered as Startup?

Private Limited Company
Registered Partnership Firm
limited liability partnership (LLP)

Note: – 1. An entity is eligible to be recognized as start upto a period 10 years from the date of incorporation.

2. Startup …

January 1, 2021 / Business

ESOP vs Sweat equity shares

An employee is the key of the success of every organization and every employee deserves to be compensated for the efforts made by them to make the organization successful in the competitive market and the issue of Sweat Equity shares and ESOP is the best way to compensate them also in order to motivate the morale of the employees and also to retain them for long term, Companies opt following modes of issue:

“Employee Stock Option’ (ESOP) has been …

January 1, 2021 / Business

Comparison between Liaison office, Project office & Branch office

Liaison Office
Companies incorporated outside India can open ‘Liaison Office’ (also known as representative office) in India. Liaison office is a place of business to act as a channel of communication between the principal place of business or Head Office. The Liaison office can undertake only liaison activities, it is not allowed to undertake any business activity in India and cannot earn any Income in India. The activity of the Liaison office can be better undertaken with the aforesaid …

January 1, 2021 / Business

Recognition and benefits for startups including tax benefits

Startup India Scheme is an initiative by the Government of India under leadership of Mr. Narendra Modi for generation of employment and wealth creation. The goal of Startup India is to develop and innovate products and services and increase the employment rate in India.

To promote growth and help Indian economy, many benefits are being given to entrepreneurs establishing startups.

Department for Promotion of Industry and Internal Trade (DPIIT) considers an entity as a startup only up to a period …

January 1, 2021 / Business

Subsidiary company Vs Liaison office

India has been growing at a rapid pace to transform into one of the largest and fastest growing market, with having access to some of the best human resources in the world.

There are many options through which one can start business in India.

Setting up Subsidiary or Liaison Office in India can be one of the option for the foreign entities to undertake activities in India. Let’s have a comparative view on both the options:

Comparison of Subsidiary

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May 27, 2020 / Business

AGM through VC or other OAVM for FY 2019-20

Annual General Meeting (AGM) through Video Conferencing (VC) or other Audio Visual Means (OAVM) for FY 2019-20

In view of the difficulties faced by the stakeholders on account of threat posed by Covid-19, MCA on 05.05.2020 has come up with Circular No. 20/2020, allowing companies to conduct AGM through VC or OAVM, beneath are some FAQs on the same:

Companies providing facility of E-voting under Section 108 are:

Companies which has listed its Equity shares on recognized Stock Exchange and …