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Business Startup

Reading Time: 2 minutes We came across a product for lead generation and client engagement in the form of Hello TARS. It is a wonder product. The impressive part for us is the drop and drag feature of building the Bot. The deployment on the website is super easy for you Let me tell our story, we at setindiabiz.com are India’s Leading Startup Registration, compliance, Tax Management & IPR Protection Company. We operate with branches all over India, with full-fledged offices at North Delhi, South Delhi, Mumbai, Hyderabad, and Bangalore. There are few players like us in the market and like any other business…

Reading Time: 4 minutes For most of the sectors, the foreign direct investment (FDI) is allowed in the company as well as LLP in India, under automatic route of approval. When we say the automatic route of FDI, it means that the investment in the equity share capital of the company or as a contribution to an LLP is made without seeking any prior approval, however, after the incorporation of the company the share capital is to be remitted in the Bank Account of the company or LLP from the foreign bank of the investor/shareholder. After the remittance is made the Indian company or…

Reading Time: 1 minute The foreign investment by NRI in Indian Company is regulated by Master Direction – Foreign Investment in India issued by RBI and updated time to time. The last time it was updated on 8th March 2019. The Annexure 4 of the same is dedicated to investment by NRI in an Indian Company. Please refer to the attached pdf and go to page number 46. The important points for your consideration are as under That the investment by NRI in India company shall be treated as an investment at Par with other Indian investorsThe amount of consideration should be received from…

Reading Time: 2 minutes The registrar of companies allots CIN number to every company registered in India. For registration of your own business as a Private Limited Company or One Person Company, you may visit setindiabiz, India’s leading startup registration, and compliance management company. The full form of CIN is Corporate Identification Number and it is typically 21 alphanumeric character, which can be broken into 6 parts to understand the information it contains within it. The CIN contains the following information within it. Listing StatusIndustry CodeState CodeYear of IncorporationOwnership InformationRegistration Number of Company The alphanumeric character of the CIN is represented hereunder, “X” denotes…

Reading Time: 5 minutes Every company incorporated on and after 2nd November 2018 must apply for issuance of another certificate known as The Certificate of Commencement of Business by filing a declaration in Form INC-20A before starting any business or operation or even entering into any kind of agreement of commercial nature. The MCA has notified the new provision on 26th January 2019 which shall have retrospective effect to all companies incorporated on or after 2nd November 2018. This article is an attempt to put the new requirement in easy to understand language. The central government has issued an ordinance on 12th January 2019…

Reading Time: 6 minutes How to Register a Branch Office or Liaison Office in India The Indian government have a very open and transparent policy for setting up of a Branch office in India or a Liaison office of a foreign corporation. Through a general notification, the RBI has listed the permitted activities for which branch office (BO) or a Liaison Office (LO) can be opened under the automatic route. However, in case the proposed activities are not covered within the permitted list then the application for establishment of branch office or liaison office need to be made under the approval route directly to…

Reading Time: 1 minute 4 Activities are Permitted for a Liaison Office of a foreign company in India A liaison or representative office of a foreign company, a body corporate incorporated outside India, including a firm or other association of individuals are permitted to only following activities. To represent the parent or group companies in India To engage in activities which are in the nature or promotion of Import or Export To promote technical or financial collaborations between parent/group company or companies in India. To act as a channel of communication between the parent company and the Indian Company. The activities which can be…

Reading Time: 2 minutes 8 Activities are Permitted for a Branch Office of a Foreign Company in India A branch office of a foreign company, a body corporate incorporated outside India, including a firm or other association of individuals are permitted to do only the following activities. Check carefully if any of the proposed activities fall outside the below listed permitted activities. In case your proposed activity is out of the scope of the below items, we can help you to obtain specific permission from the RBI, which is also known as prior approval for opening of the branch office in India for the…

Reading Time: 3 minutes Company Registration – Industrial Code for Spice-32 Form Code Industrial Code 1 Code – 1 – Agriculture, Hunting and related Service activities 2 Code – 2 – Forestry, logging and related Service activities 5 Code – 5 – Fishing, Operation of fish hatcheries and fish farms; Service activities incidental to fishing 10 Code – 10 – Mining of coal and lignite, extraction of peat 11 Code – 11 – Extraction of crude petroleum and natural gas, service activities incidental to oil and gas extraction excluding surveying 12 Code – 12 – Mining of uranium and thorium ores 13 Code…

Reading Time: 3 minutes Main Object of Company MOA for Agro Food Products To manufacture, market, trade, import, export, improve, sell, food products which inter alia include but is not limited to pickles, spices made of chilies, pepper, cloves, turmeric, vegetables, herbs and other food items derived from agricultural or farming activities. To prepare, manufacture, marker, trade, import, export, improve, process, sell and carry on the business of canners, preservers, growers of fresh and/or preservable products of vegetables, fruits, herbs, flowers, medicines, drinks, fluids and other and generally to carry on the manufacturing of pickles, chutney, masalas, mixtures, vinegars, ketchups, juices, custard powder, powder…

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