Business in India

Earlier, India was considered one of the best outsourcing destinations in the world due to the availability of cheap skilled labour but considered unfit for establishment of firm due to strict rules. The Government of India has opened the market to set up businesses for the companies by relaxing the strict rules. This is attracting large amount of FDI and MNCs to establish business in the country. Even the Indian companies are experiencing better profit with the rapid economic development. Companies are flourishing and getting lots of profit from the Indian market.

MNCs face the problems of accounting and paying of taxes to the government according to the rules of Income tax in India. It requires professional while dealing with the complex problems of taxation within the given time. Our expert professionals can provide the taxation service instantly to avoid the penalty and at affordable price.

Foreign Investment Approvals

India has emerged one of the favorite countries receiving Foreign Direct Investment in almost all the sector. The approval of the foreign investment has been made easier after the globalization making India an investment friendly nation. The government investment policies have become transparent and flexible to get more investment. Foreign investments are directly approved in some while others require prior approval before investing. Investing company has to seek approval from Foreign Investment Promotion Board in the following cases.

• Sectors that are not permitted to get FDI.
• Sectors need industrial license.
• Foreign investor already having collaboration with other business in the same field.
• To acquire shares by a foreign investor in financial services in India as these are restricted according to SEBI in 1997.
• Investment proposals other than Sectoral Policy/CAPS category.

Automatic approval of FDI
Investment can be approved automatically informing the Reserve Bank of India through bank in which shares application money has been received in the form of FC-GPR after the transfer of funds required in the business and deposit all the document within 30 days of issuing the shares to the investors.

To get automatic approval following procedure must be followed:

• Apply in form 83 with a duplicate to the authorized dealer after certified by a company secretary or chartered accountant.
• Form will be forwarded to the Director, Balance of Payment Statistics Division, Department of Statistical Analysis and Computer Services and Reserve Bank of India to give the loan registration number.
• Company will be eligible to use the loan after receiving the registration number.
• Borrower has to submit ECB-2 return to DESACS every month within the seven working days from the last day of the closing month.

Corporate Compliance

The companies in India are governed by the various rules, regulations and procedures which are made during the Companies Act 1956. As companies are growing in numbers and sizes governance by the Government is necessary. The companies has to comply with the rules and statutory provision set for the corporate. Our professionals provide the service in compliance with the act:

• Company incorporation
• File document with Registrar of companies.
• Conduct statutory Audit at the end of the year.
• Help in preparing Director's Report having statutory points to be covered.
• Help in having statutory compliance and Annual General Meeting.
• Providing Statutory provisions for different meetings like Statutory Meetings, Board Meetings, their dates and document to file to Registrar of Companies.
• Consultation on various provisions necessary for the company.

Outsourcing

Outsourcing of excessive work to other professional companies is getting popular these days. Hiring of our trained professionals for the taxation service will receive these benefits by the host company.

• It enables the firm to focus on the core activities than at the taxation.
• Use the company's staff in more useful work.
• Reduced investment in fixed assets.
• Increase the profit by saving the cost.
• Operational control.
• Regular reporting and accurate financial date.
• Expert professional provide the service for efficient and fast work done.