What are the compliance requirements to do business in India?
Business in India can be formed by various company structures, ranging from a joint venture to a liaison office.
In India business has been made faster by merging the applications for the Permanent Account Number (PAN) as well as the Tax Account Number (TAN) as well as with the incorporation procedure under the Ministry of Corporate Affair (MCA). Though, it takes few weeks to complete all the necessary procedures to form a company, along with the fees and additional costs reliant on the size and type of business being registered.
The types of Company Registration in India as per Companies Act 2013 are; Private Limited Company; Public Limited Company; Unlimited Company; Partnership; Limited Liability Partnership; One Person Company; Sole proprietorship; Section 8 Company; Subsidiary Company; Liaison Office / Representative Office; Project Office; Branch Office; Joint Venture Company.
Also startup companies in India can register themselves through either Partnership Firm; Limited Liability Partnership Firm; Private Limited Company;
Compliances requirement for the companies in India
· When the incorporation certificate is obtained, a separate legal entity for the corporation must be established.
· When the company receives its incorporation certificate, within 30 days, then one of the directors should issue the notice for Read More
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