CONCEPT OF LLP IN INDIA – FOR THE FOREIGN INVESTORS
Partnerships has been one of the oldest forms of business relationships which can be evidenced in terms of complex business, partnerships have been replaced by limited liability companies concept, but it is still a preferred form for small trading and business enterprises, especially for the professionals worldwide. But gradually, this form has lost its demand because of inherent demerits in it, the primarily being the unlimited liability of partners.
A startup is a company that is just at the stage of commencement and is to develop and expand, it is still in the first stages of operation, and is usually financed by an individual or small group of individuals. A startup could be a capitalist business enterprise or a new business, a partnership or temporary business. It is a young and dynamic company built on technology and innovation wherein the founders attempt to make the most of developing a product or service for which they believe there is a demand.
THE COMPANIES (AMENDMENT) ACT, 2015
Many representations were received by the Government of India to amend the Companies Act, 2013 to promote ease of doing business in India. Keeping that in mind Government of India moved ahead to bring amendments to the 2013 Act and finally the Companies (Amendment) Act 2015 received the assent of the President of India on May 25, 2015.
International taxation in India
With the increase in liberalization and globalization, the cross border transaction takes place among the different economies of the world. Integration between the countries is increasing because of the liberal trade practices which are common to all the countries. In such scenario, the earning person is not only restricted to its national boundary but there are certain prospects which paves the way for earning internationally also.
Foreign Investment in India
The FDI Policy is relevant to foreign entities seeking to establish an Indian presence either by setting up a wholly owned company in India or joint venture with an Indian Partner or acquiring a stake in an existing Indian Company.
Companies Act, 2013 – Most Awaited Statute
The new companies bill has been passed by both the Hon’ble Houses of Parliament and it has also received the Hon’ble President assent on 29th August, 2013 which will make it into a law replacing the nearly six-decade old regulations that govern corporates in the country. The new Companies Act, 2013 is a sweep change in the way companies operate and are regulated in the country.
A New Business Concept in India - One Person Company (OPC)
The Companies Act, 2013 opens a new segment for organizing a business in India by providing the concept of One Person Company (OPC) which is a legitimate way to incorporate a company with only one member. OPC is similar to the existing concept of Sole-proprietorship with separate legal entity distinct from its proprietors and promoters.
India: Entry Strategy
A foreign company can set up a wholly owned subsidiary company in India to carry out its activities. Such company shall be treated as an Indian resident despite having 100% foreign-shareholding. Minimum two members are required for a private limited company, and seven members for a public limited company. Such company must comply with the provisions of the FDI policy.
Retail – India is open for Retail Business
The retail juggernaut is ready to roll in India. After the announcements to liberalize foreign investment in both Single & Multiple brand retail ( SBR & MBR ) the current Congress government was virtually under siege. It was widely speculated that the government would have to roll back the approval to invest in MBR due to pressures received from nearly all political opposition parties in India.
The Mystique of Retail in India – Part 2
Allowing FDI in retail continues to stir up passions & threatens to be the biggest issue in the Indian parliament & political landscape in the next couple of months. The major issue is permission of FDI in Multi Brand Retail (MBR) which I wrote about in my last article.