Private Limited Company
A private limited company is not owned by any governmental
body, and it does not offer public shares. The number
of shareholders for a private limited company is restricted
to a maximum 50, whereas the minimum required is 2.
The shareholders, however, do not have the power
to transfer or trade their shares publicly.
Project Office
All foreign companies are allowed to set up a project
office or a site office in India. This facility is
allowed as a temporary arrangement, exclusively for
the project mentioned in the application, and its
activities have to be terminated as soon as the project
is over. There are certain conditions mentioned as
general permission policy which have to be met before
establishing the project offices.
Liaison Office
The activities of a liaison office in India are restricted
to collecting information, promoting export and import
activities and assisting in both technical and financial
collaboration with other groups or companies.
The following are the requirements to set up a Liaison
Office/ Representative Office in India.
| • |
Prior
approval from Reserve Bank of India (RBI) is required. |
| • |
An
agreement has to be signed stating that the
office would not involve in any type of commercial
activity in India. |
Branch Office
Branch offices are allowed
for companies that are involved in manufacturing as
well as trading businesses in foreign countries. They
need to get prior approval from the RBI. The activities
of the branch offices in India are restricted to the
following activities alone.
| • |
Manage the export/import activities |
| • |
Conduct research activities in the same field
as the parent company is involved. |
| • |
Offer consultancy
services to the customers |
| • |
Facilitate collaboration
with Indian companies. |
| • |
Function as the
representative/agent of the parent company in India
for facilitating the buying/selling activities. |
| • |
Offer
technical support/solutions to various products
supplied in India by the foreign parent company. |
| • |
Offer
necessary Information Technology (IT) services
and develop necessary software. |
The profit acquired by the approved branch offices can
be remitted outside India, after paying the net applicable
taxes and meeting other formalities as per the RBI guidelines.
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a quote
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