How,Register,Foreign,Company,I business, insurance How to Register a Foreign Company in India
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There was a phase in past when starting a new company in India was no less than fighting a battle with no surety of winning the same, but time has changed now in fact these are days when actually ‘nothing is impossible’ as now with the help of an outstanding source named as internet, one can easily check out all the various details which can help them in accomplishing their task of registering a new company.If you can remember we have already discussed how one can register an Indian company be it of any kind, thence moving a step further today we’ll talk about foreign company registration India, but one fact we would like to clear in advance is that make sure you are not just relying on this information rather you should consult your Chartered Accountant India as well, as they are the one who can actually help with all the necessary details in much better manner.Now moving ahead with our conversation, according to books there are two ways in which a company can be registered, either one can register it as an Indian company following all the various rules and basics which are to be followed while doing so or one can register it as an foreign company which means registering it as a branch office or a liaison office, but in this case rules are bit different from first option.Stepping further if we are talking about foreign Company Formation in India, it’s very important that we understand what this term actually means as well. For example according to few definitions a company which has been incorporated outside India can be mentioned as a foreign company.Although if you’ll look for information on internet or in books you can find much elaborated definitions and meaning but then we are provided with limited time therefore we’ll stick to the basics.Moving further there are few initial obligations which are faced by these foreign companies while they are in middle of company registration in India. For example they have to deliver a list of documents to the ROC with in the time of 30 days after establishment. The list includes full address of the principle or registered office of the company, a list of all the various directors’ and secretary in the office and more.For further more information related to this particular topic, please look for the second part of the same conversation.
How,Register,Foreign,Company,I