2010 September

Limited Liability Partnership

It is a new phenomenon in Indian context. The Parliament of India has enacted (Limited Liability Partnership Act, 2008) with effect from April 1, 2009. Therefore, now the Indian laws permits to incorporate LLP. Following are silent features of LLP It shall be a body corporate and a legal entity separate from its partners. Perpetual .. read more

On September 27th, 2010, posted in: Knowledge Bank by

Branch Office in India

Foreign investors planning to open a branch in India are required to seek governmental approval before investing in India. Some approvals are although automatic inspite of that necessary application is required for such approvals. Special Permission could be obtained to invest over and above the regular percentage as prescribed under Annexure B of chapter 10 .. read more

On September 27th, 2010, posted in: Knowledge Bank by

Subsidiary In India

Foreign companies can set up wholly-owned subsidiary in sectors where 100% foreign direct investment is permitted under the FDI policy. The wholly-owned subsidiary may be either of the following business modules: Private Limited Company Public Limited Company Sole Proprietorship Foreign Companies can also set up their operations in India through the business modules: Liaison Office/Representative .. read more

On September 27th, 2010, posted in: Knowledge Bank by