Almost a year ago when National company law tribunal (NCLT) gave its final nod for the merger of Idea-Vodafone, making it the largest telecom operator in India by subscribers, a substantial no. of experts predicted that it’s going to be one of the fruitful mergers of all times. But is it worth the attention it has got over time.
K. M. Birla has made a statement on 06th December raising the concerns about the poor financial health and the debt trap which the company is going through. Please follow the article to read more about this.
APEDA was established by Government of India under Agriculture & processed food product export development authority act, 1985 passed by parliament. APEDA act came into force in 1986.
APEDA has its presence in almost all agriculture rich states of India and has been providing service from his Head office (HO) which is located in New Delhi, 5 Regional offices (RO) & 13 Virtual offices (VO).
What are the functions of APEDA?
of agriculture related Industries: By way of providing financial assistance,
surveys, research studies, reliefs or subsidy schemes etc.
Export registration on payment of required fees.
quality standards of the product for exports.
& development of industrial personnel.
marketing of scheduled products.
What are various product monitored by APEDA?
vegetables, meat, poultry, dairy, biscuits, honey, jaggery, cereal, groundnuts,
peanuts etc. and various products associated with it.
APEDA REGISTRATION PROCEDURE ONLINE
As per section 12 of APEDA act, 1985 every person exporting one or more scheduled products shall opt for APEDA registration, before the expiry of one month from the date on which he undertakes such exports or before the expiry of three months from the date this act came into force, whichever is later. The act has given the authority to extend duration of APEDA registration whenever it thinks fit.
(NeAC) headquartered in New Delhi, is an independent office which is established under the E-Assessment scheme, 2019 to promote faceless e-assessment of income tax payers. NeAC will assign cases to different units by way of automated allocation system.
Centre of fourth industrial revolution related to the development & application of emerging technologies such as Artificial Intelligence (AI) & Block-chain technologies. This focused on the development of various pilot projects that can be adopted by policy makers & regulators globally. Headquartered in San Francisco; One of the regional hub is launched in India in 2018. Now the host governments are committed to provide suitable environment for such pilot projects launched by the network.
According to IMF, India would be the key player in making south Asia the centre of global growth.
CBDT has amended more than 100 forms to make this interchangeable feature of PAN-Aadhar a reality. The union budget presented in July amended section 139A of income tax act, 1961 providing for this interchangeability feature between PAN & Aadhar.
Due to subjectivity & complexity involved Startup cannot be clearly defined. But depending on the type of business it is involved into, revenue generation model, uniqueness of the project we can define what Startup is all about.
Startup is a newly established business which is in its early stage with a different/unique product or service. What differentiates it from the regular business is the element of innovation they possess. This Startup either comes up with a new product or redevelops an existing product/service into something better.
STAGES IN A STARTUP LIFECYCLE
Discovery: Identify a potential/quantifiable product or service for target
Validation: once the product hits the market & sale process is on.
Efficiency: Design business model in such a way that it increases your
Scale: Pushing the capacity of the business to ultimately increase the
growth of business in a sustainable manner.
Maintenance: maximising the benefits of the company even during the tough
times like economic slowdown.
Sale/renewal: decision to sell the business to some big brand or inculcate
huge resources that will help your enterprise to continue.
With the intent to build a strong
business environment in India, to drive sustainable economic growth &
generate large scale employment opportunities, Government of India launches
“STARTUP INDIA” in 2016.
According to the Ministry of Commerce &
has the second-largest ecosystem in the world.
growth of 10-12%
of 10,000 Startup registration in India- Approximately 4750 are related to
technology & development
the launch of “STARTUP INDIA INITIATIVE” in 2016: 1400 new technology &
development Startup in 2016 alone.
Therefore, we can say that on average 3-4 technology Startup registration are done each day.
Having an idea isn’t enough. The idea needs to be implemented, executed or importantly needs a real picture. Adding a name would do no good if it is not officially registered to operate. Hence, as a startup the first and foremost requirement is to find a suitable unique name and register officially.
Significant to registration process, startup requires a complete setup. Documentation, resources, finances, operations and sales. Well setup can be a lengthy process. It is equally important for founders to know what you might require before you even setup. Maintaining various departments and functioning of an organization depends on the type of company you register.
the registration process involves key documents different for different
countries, in this article we would be focusing on how one can register company
in the Indian territory and participate as foreign nationals.
a startup need to register
your Company depending on your business structure. However, if you’re
not a professional, you need to contact CA’s, CS and lawyers for registration. You
can also today register your companies from anywhere across the globe through
simple online platforms developed to cater to all kinds of startups willing to
establish companies in India.
it is imperative you register under the right category and format. As a startup
you can register as:
As foreign nationals, the best suitable type is a Private Limited Company. Though, to register and start your company in India it is a mandate that you have one Indian as a Director on Board. The same individual should be a permanent resident of India.
is simple and easy to register as a Private Limited Company in India as it also
offers 100% direct investment into a company without any third party or
Government involvement. Only a few investments require prior approval from the
Central Government. The approvals are particularly required in the following
Petroleum sector (except for private sector oil refining), Natural gas / LNG pipelines.
Investing in companies in Infrastructure
Defense and strategic industries
Establishment and operation of Satellite
Development of Integrated township
Asset Reconstruction Companies
Incorporation Process for Foreign
Incorporating a Private Limited Company in India requires minimum two Shareholders and two Directors. Foreign Nationals are allowed to be the Directors of Indian Private Limited Company.
the Board of Directors in Indian Private Limited Company by foreign nationals
require an Indian Director who is also a resident. The Indian Director need not
be a shareholder in the Company. Thus, most foreign nationals opt to register
the company with two Foreign Nationals and one Indian National as Directors of
for foreign nationals in the Indian territory, the foreign nationals can hold
100% shares of the Indian Private Limited Company. Nonetheless, it is important
to have two shareholders, and in no scenario can one person or entity hold all
the shares of an Indian Private Limited Company.
as Foreign stakeholders there are three best and popular Company Structures to
Foreign Shareholding- 100% shareholding by foreign nationals
as Directors. It is compulsory to have 2 foreign shareholders, one or more
Foreign Directors and one or more Indian Directors.
Foreign Subsidiary- A foreign national can hold 51% or
more shares of an Indian Company. Requires one or more Foreign Directors and
one or more Indian Directors.
Joint Venture – In this case, the shares are held by both
Indian and Foreign Directors or Company. Requires one or more Foreign Directors
and one or more Indian Directors.
The Incorporation Process:
you have decided on the name and structure of the Company, you now need to
provide documents and procure your certificate to start operating in the Indian
territory. As a part of the process you require:
Obtain Digital Signature
Obtain Director Identification Number
Subscribe to Memorandum of Association
Subscribe to Articles of Association
Nonetheless, the process can be lengthy and tedious. Yet, as a simple and effective procedure, it is the best way to register your Company in India. In case of any difficulties you can reach out to local Indian tax consulting firms or Organizations, Chartered Accountants to further support you and incorporate your Company.