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 How FDI has shifted the gears of the Indian Economy Foreign Direct Investment was first introduced in the year 1991 by former Prime Minister Sri. Manmohan Singh. Over some time, FDI has helped the Indian economy grow tremendously with a strong backup from the government. A recent survey undertaken states that India has overtaken China and the US as the top destination for FDI. FDI has turned out to be a major source of non-debt financial resources for the economic development of our country besides being a critical driver of economic growth. What attracts many foreign companies to invest in India is the availability of cheap manpower, low wages, and special privileges such as tax exemptions and so on. It also means achieving technical know-how and generating vast employment opportunities. What has made the foreign capital flow into the country is the government’s favorable policy regime and robust business environment. The initiatives taken by the government in recent years concerning

  Introduction: Section 12 & 13 of the companies act 2013 and incorporation rules 2014 states the law regarding having a registered office and shifting of the registered office of the company. The following are the provisions relating to shifting of registered office from one state to another; RO is an official office address of the company, where all the official letters will be sent by regulatory authorities or non-regulatory bodies. Shifting of RO from one state to another requires approval from the shareholders, Regional director, and much intimation.   Steps to follow to shift you RO from one state to another: Hold board meeting As per the provisions of SS-1 and companies act 2013, covey the board meeting For shifting of RO consider the proposal Alter the MOA of company Approve the notice of conducting the extraordinary general meeting Move the application to regional director Covey extraordinary general meeting Pass a special resolution at an extraordinary general meeting wit

  A Private Limited Company or an LLP A Private Limited Company or an LLP. Choose what suits your business idea the best The difference between a private limited company and an LLP has always been confusing among new business owners. Both these entities have almost similar kinds of features, while they do differ in certain aspects. A few of the factors include: Registration Process The registration process to incorporate a private limited company involves the below steps Obtaining Digital Signature Certificate Obtaining Director Identification Number Name approval from MCA Incorporation of the company Registering an LLP also involves a similar process Obtaining Digital Signature Certificate Obtaining Director Identification Number Name approval from MCA Incorporation of the company   Registration Cost The registration cost incurred on an LLP by the government is much lesser when compared to that of a private limited company. Documents that have to be printed on the notarized and non-ju

  Running a business and simultaneously keeping up with bookkeeping can be stressful. Most of the business owners seek help for bookkeeping. At Aavana, our expert will ensure that your  Bookkeeping Services  are done promptly. We strive to build a lasting relationship with you and your company. Looking For Bookkeeping Services ? It is always important to appoint a professional bookkeeper to track your payables and receivables and keep all the Financial Transactions of your business properly documented. We also handle small business bookkeeping services. For further clarifications regarding bookkeeping and  Accounting Services,  get in touch with our experts Reliable Bookkeeping Services Bookkeeping necessitates the fundamental responsibilities which small to Medium Businesses need to execute while working closely with an accountant ensuring the accuracy of accounts. Bookkeeping is basically the management of day to financial activities of a company which is monthly, quarterly or yearly

Private Limited Company Registration How to register a Private Limited Company in India – An Overview When it comes to small, medium or large business undertakings Private limited company is considered to be the most preferred entity in India due to several merits. In India, Private Limited Company is known to be the most prevalent and prominent type of corporate entity. The company’s registration is governed by the Ministry of Corporate Affairs amended by the Companies Act of 2013. For a Private Limited Company to get itself registered, a minimum of two shareholders and two directors are required. An individual can be both a director as well as a shareholder, while a corporate legal entity can only be a shareholder. Moreover, foreign nationals, foreign corporate entities, and NRIs can become the shareholders or Directors of a company with Foreign Direct Investment (FDI). From the point of foreign promoters, Private Limited Company is the most preferred choice of entity. A Private Limi

  LLP Registration for NRIs and Foreign Nationals NRIs and foreign nationals have invested in businesses in India through a private limited company. A Pvt Ltd Company allows 100% FDI (foreign direct investment). Although it is relatively cheaper to register a Pvt ltd firm, the compliance involved is an inhibiting factor. To allow NRIs and foreign nationals to freely invest in a business, the government has allowed 100% FDI (foreign direct investment). We will discuss the registration process of LLP for NRIs and foreign nationals LLP registration A limited liability partnership is a new form of business entity that was introduced in India through the Limited Liability Partnership Act, 2008. LLP registrations have gained popularity among small businesses looking for low registration costs and less compliance. Entry into India for NRIs and Foreign Nationals Incorporation of a company  – The incorporation of a private limited company is one of the main reasons NRIs and foreign nationals mi

  It is a separate legal entity and the partners are liable to their respective contribution. It has flexible management roles It is easier to form an LLP. Formation of an LLP only require the partners to fill out a registration form and file it with the local secretary of the state LLP does not have to pay tax as a separate business entity; however partners have to pay only their individual taxes. The cost involved in registering an LLP is comparatively lesser than that of a  Private Limited Company Transfer of ownership is easy. The ownership can be changed but changing the managing directors as LLP is a separate legal entity. There is no maximum limit of partners when it comes to incorporating your business as an LLP A minimum capital requirement is not needed to  register your firm as an LLP  The liability of members in respect in respect to the LLPs debt is limited. The personal assets remain of the members remain safe even if the company goes bankrupt. LLP & Various Company R

  Advantages of Company Registration / Subsidiary company 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. We have listed 9 important advantages if your register 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 bett