Why apply for permits and licenses in India? Obtaining permits and licenses is one of the main requirements when starting a company in India. All businesses registered here have to obtain certain permits and, depending on the business activity developed by the company, additional licenses can be required. The procedure for obtaining business permits in India can vary depending…
Payroll is the procedure related to the payment of the company’s employees. Investors starting a company in India will need to integrate payroll services within their company as prescribed by the local legislation, or they may outsource such services to a business that is specialized in offering a wide range of payroll activities. As a…
Before a business can become fully operational on the Indian market, the company’s representatives will need to establish the management structure. Through this, the investors will assign tasks and responsibilities amongst the members of the company and its employees, in order to fully achieve the company’s objectives. Company management is concluded depending on the company’s business operations, the size of the company and the legal entity chosen…
The articles of association/bylaws represent one of the founding documents of a company registered in India, alongside with the memorandum of association. Investors interested in the procedure on how to form a company in India will need to draw the articles of association for specific business forms and the document has to include certain provisions, such as the company’s nature, its purposes, the shareholders, the voting rights or…
After starting a company in India, the company’s representatives will enter various business partnerships with both natural persons and legal entities. These activities will be concluded through a contract, which has to include specific provisions, as prescribed by the Contract Law in India. A legal contract signed between two legal entities in India will protect the interests of both parties,…
The rights and the obligations of the shareholders (who are the founders of the company or the persons who invested shares in the respective business) are prescribed in India by the Companies Act 2013. When starting a company in India, it will be necessary to appoint a specific number of shareholders, depending on the legal entity that was chosen for incorporation. For example,…
One of the legal manners for starting a company in India is by establishing a liaison office. Also known as a representative office, it can only enter specific activities and it cannot start any commercial operations. Although this business structure does not fall under the regulations for commercial companies, similar incorporation steps have to be followed – such…
The pharmaceutical industry in India is highly developed, having a market size of $27,57 billion (at the level of 2016). By 2020, the pharmaceutical sector is expected to grow at $55 billion, as stated by the Indian Brand Equity Foundation. It can be an attractive idea to register a company in India in the pharmaceutical industry, as the country may soon…
Starting with 2014, the total market value of the publishing industry reached $122 million. In 2018, the market should reach a value of $128 million. India is one of the few countries were the publishing industry is gradually increasing, for both printed and digital books. Those starting a company in India in the publishing sector should know that, according to the Federation of Indian Publishers, the…
In order to sell tobacco in India, special regulations have to be followed. Investors interested in how to form a company in India will need to comply with the regulations prescribed under The Cigarettes and Other Tobacco Products Act 2013. It is important to know that, traditionally speaking, India represents a top jurisdiction (the third at a global…
