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  Post Incorporation process for Company Registration in India  A foreign subsidiary company  is a partially or wholly-owned company that is a part of a larger corporation. The larger corporation must be headquartered in another country. The foreign subsidiary company works according to the laws of the country in which they are located. The Parent company may be the majority shareholder of the subsidiary company or have a greater representation on its board of directors. Steps to be followed after incorporation of the company Opening a bank account to receive subscription money The receipt of subscription should be obtained from the foreign subscriber Declaration of commencement of business – filing of e-form 20A As per FDI guidelines, collect the FIRC certificate from the bank Issue of share certificate Allotment of shares needs to be done within 2 months from the date of incorporation of the subsidiary company to the subscribers. As per FDI guidelines, filing of FC GPR with the RBI n

  Details that need to be included in a vendor agreement A well-drafted vendor agreement can minimise the misunderstandings which may occur between the vendor and the contractor. Here are a few details that need to be mentioned in a well-drafted vendor agreement. A clear and detailed description of the product or services A vendor agreement should clearly mention the description of services or the products. In some cases a statement of work will be attached which provides all the details of work. Payment details A vendor agreement should have details regarding the cost of the service or products. Details about payments dues, party to who the payments have to be made, keep a record of late payments etc to be mentioned in the agreement. Term and termination The agreement should mention details regarding the term of agreement. The situations during which and how terminations can take place will be mentioned in the agreement. Sometimes terminations are made for convenience purposes with a

  At Aavana, we provide end to end foreign   Company Registration Services.   Your satisfaction is our top priority and we believe in rendering only the best services available. We also provide help with online foreign company registrations and our professional staff will assist you with  Online Company Registration in India Get in touch  with us today for any further clarification regarding the  foreign company registration in India. Turn Key Solutions For Foreign Company Registration In India Foreign Company Registration Deliverables Today, financial services are offered by many companies, but the modernized approach by us is that we offer an amalgamation of  Financial Services  with easier and faster accessible technology. We strive hard in growing our client database by rendering on-time delivery of services, quality of services and round the clock services. Our highly experienced and dedicated staff will attend to all your queries with respect to documentation, legal formalities,

  Documents required for ESI registration ESI is a self-financing social security and healthcare benefit that is given to Indian workers. This fund is managed by the Employee State Insurance Corporation according to the rules that are listed out in the ESI Act 1948. List of documents required for ESI registration The License or Registration Certificate is issued under the Shops and Establishment Acts or Factories Act. Rent receipt of the space that you’re occupying indicating the capacity of the place occupied Photocopy of the latest building or property tax receipt Memorandum of Association and Articles of Association, partnership deed, trust deed depending on the entity that is applying for registration Photocopy of certificate of commencement of production and/or registration number of GST Copy of PAN card Evidence in support of the date of commencement production/business/first sale (eg copy of the first invoice) Monthly employment position, salary, etc Copy of bank statement

Introduction Nidhi Company is a type of NBFC and it is registered under the  Companies Act 2013 . It is involved in the business of borrowing and lending money to its members and works on the principle of mutual benefits by inculcating the habit of savings among its members. Nidhi Company can have member and director as the same person: Registration of Nidhi company  is an online process and it will be approved by the Ministry of corporate affairs in less than 20 working days. Nidhi company works as a finance bank by fulfilling the necessary terms and conditions set by the regulatory authority. As per the Nidhi rules, you can open only one branch in one district, after 3 years of profitable business you can open another branch in the same state. Nidhi company  gives only secured loans to its members and it accepts deposits in the form of saving deposits, recurring deposits, and fixed deposits. Regulations of Nidhi Company Nidhi company is required to maintain a 1:20 leverage ratio mand

  ESI is a self-financing social security and healthcare benefit that is given to Indian workers. This fund is managed by the Employee State Insurance Corporation according to the rules that are listed out in the ESI Act 1948. List of documents required for ESI registration The License or Registration Certificate is issued under the Shops and Establishment Acts or Factories Act. Rent receipt of the space that you’re occupying indicating the capacity of the place occupied Photocopy of the latest building or property tax receipt Memorandum of Association and Articles of Association, partnership deed, trust deed depending on the entity that is applying for registration Photocopy of certificate of commencement of production and/or registration number of GST Copy of PAN card Evidence in support of the date of commencement production/business/first sale (eg copy of the first invoice) Monthly employment position, salary, etc Copy of bank statement

  What is a foreign company? Foreign company – A  foreign company  is any company that is incorporated outside of India and has a place of business that is operating in India, whether by itself or through agents, physically or through an electronic mode. What is a foreign subsidiary company? A  foreign subsidiary company  is a partially or wholly-owned company which is a part of a larger corporation. The larger corporation must be headquartered in another country. The foreign subsidiary company works according to the laws of the country in which they are located. Documents required for the company registration process in India (H2) The following documents need to be provided as per rules and regulations of companies Act, 2013/MCA (MINISTRY OF CORPORATE AFFAIRS, INDIA) DOCUMENTS NEED TO BE ARRANGED FROM FOREIGN COMPANY Board Resolution for Name Approval in India and Authorized person to subscribe shares (Apostiled and Notarized in the Resident Country of Holding company) Certificate of

  A  foreign subsidiary company  is a partially or wholly-owned company that is a part of a larger corporation. The larger corporation must be headquartered in another country. The foreign subsidiary company works according to the laws of the country in which they are located. We have listed 9 important advantages if your registering a foreign company . Control Establishing a subsidiary company in India gives the  parent  company   operational and strategic control over the company. This becomes a very vital benefit for the parent company. Synergies  Synergies are combining two services together to get a combined or greater effect. Establishing subsidiary companies provide the benefit of synergies where a common financial system is used, sharing the cost incurred between the parent company and subsidiary. Brand name The brand name is retained as both the parent company and the subsidiary bear the same name. This leads to better growth opportunities for the business as the identity of t

  Types of Pay Roll Schedule | PAYROLL SCHEDULE Let us understand what exactly a pay schedule means. A pay schedule is nothing but the dates on which salary is paid from an employer to an employee. A pay schedule is a combination of two pieces of information, your pay period and your pay date. The pay period  is nothing but the time frame during which the employee has worked. The pay date  is the day on which the employees receive their salaries If there is a delay between the pay period and the payday, then the employer has to make the  payment in arrears . Four types of payment schedules are   Weekly – Payment of salary is made to the employee on a weekly. The payment will be made on a specific day of the week. A person who is paid weekly will be given 52 payrolls in a year. Bi-weekly – In this type of pay schedule, the payment is made to the employee every two weeks on a specific day of the week. A person receiving a bi-weekly payroll receives 26 payrolls a year. Semi-monthly – Pa

  How to raise funds for a company When you start a business, you must also ensure that you have the proper funding option available. According to a recent study, most businesses fail due to a lack of funds. Raising funds for a new company involves various risks factors also. Fundraising  is nothing but seeking financial support to start a business or any charitable organization. Here are a few funding ideas that will be useful for your company. Crowdfunding Crowdfunding is one of the funding options available for a start-up that has been gaining a lot of popularity lately. Crowdfunding is nothing but taking a loan, pre-order, contribution, or investments from more than one single person at the same time. Detailed information of the business is put up on the  crowdfunding  platform. The company needs to mention the goals of their business, plans for making a profit, how much funds they require, etc. Customers will have access to all such information and fund the business if they seem t

“YES” But Sad to say, this process is often neglected, which directly affects the business. The process of BK is to record your company’s financial transactions which are consolidated and recorded with care – that includes your payroll, budgets, taxes, and expenses. The importance of bookkeeping cannot be emphasized enough, but here are the top reasons why this is vital to the health and life of your business. Better financial analysis and management Cash flow management is one of the most important things to focus on. Regardless if you are busy or not, once invoices are delayed, no follow-ups on customer payments and falling out on the supplier’s list of customers will eventually crush you down. Bookkeeping can systematize it up from up-to-date follow-ups, invoicing, and on-time payment for suppliers. Fulfillment of tax obligations Doing taxes can be really frustrating and hard to understand. During tax season usually, entrepreneurs decide to get professional help and hire a bookkeepe