IT company registeration in India. Please help!?

incorporation of business entity in india

foreign company planning set business operations in india has following options set business entity:-

incorporated entity under companies act 1956 through jvs or wholly owned subsidiaries
unincorporated entity through liaison office/representative office or project office or branch office of foreign company. such offices can undertake activities permitted under foreign exchange management (establishment in india of branch office of other place of business) regulations 2000.

setting liaison / representative / branch/ project office

liaison office /representative office

foreign company may open liaison office in india promote business interest, spread awareness of products, explore further opportunities , act communication channel between , various indian companies. liaison office established approval of reserve bank of india. role of liaison office limited collection of information, promotion of exports/imports , facilitate technical/financial collaborations. required maintain out of inward remittances received abroad through normal banking channels. liaison office cannot undertake commercial activity directly or indirectly. permission such offices granted period of 3 years , may extended time time. applications renewal of permission required made concerned regional office of reserve bank under jurisdiction office situated.

projectoffice

foreign companies planning execute specific projects in india can set temporary project/site offices in india carrying out activities relating project. rbi has granted general permission foreign entities establish project offices subject specified conditions

branchoffice

foreign companies engaged in manufacturing , trading activities abroad allowed set branch offices in india purposes of export/import of goods, rendering professional or consultancies services, r&d, promoting technical or financial collaborations, representing parent company, acting buying/selling agents, rendering services in , development of software, rendering technical support products supplied parent/group companies, foreign airline/shipping companies. branch offices established approval of rbi , may remit outside india profit of branch, subject rbi guidelines after payment of applicable indian taxes.

procedure establishing liaison office/project office/branchoffice

application setting these offices may submitted chief general manger, exchange control department (foreign investment division), rbi, central office, mumbai in form fnc-i.

best :)

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