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How to set up Branch office of Foreign Company in India.

Posted By admin on December 24, 2013 No Comments

SET UP OF BRANCH OFFICE REGISTRATION IN INDIA 

One of the most popular option among foreign company is to open Branch office in India

Any foreign company which has profit track record of 3 to 5 Year can open Branch office in India.

Time to open Branch office is 2-3 Months.

PROCEDURE FOR SETTING UP A BRANCH OFFICE IN INDIA:

      • Branch office can be set up in India only with the prior approval of RBI.
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In case foreign company is not able to meet capital and profit requirement, they can consider to open Subsidiary Company in India subject to Foreign Direct Investment guidelines in India.

Foreign Companies are allowed to carried out only specified activity as mentioned in this article.

Branch Office Registration in India

KEY SIX FEATURES OF BRANCH OFFICE REGISTRATION IN INDIA :

ü The name of Indian BRANCH office shall be same as parent company.

ü The governing body for the BRANCH office License is Reserve Bank of India.

ü It is suitable for foreign Companies looking to setup a temporary office in India and not interested or not planning to have long term plans for the Indian operations.

ü The BRANCH office does not have any ownership; it is just extension of the exiting company in the foreign country.

ü All the expenses of the BRANCH office are met by the head office, if it does not have the revenue from Indian operations.

CALL NOW or wharsapp Now at : 9818092002 

ELIGIBILITY GUIDELINES FOR SETTING UP A BRANCH OFFICE REGISTRATION IN INDIA :

    • The company looking to start a Branch office in India shall have a profitable track record during immediately preceding five years in the home country.
    • The Net Worth i.e total of paid-up capital and free reserves, less intangible assets as per the latest Audited Balance Sheet or Account Statement certified by a Certified Public Accountant or any Registered Accounts Practitioner by whatever name shall be not less than or equal to amount specified by Reserve Bank of India

EIGHT ACTIVITIES ARE PERMITTED TO BRANCH OFFICE TO UNDERTAKE:

      • Export/Import of goods
      • Rendering professional or consultancy services.
      • Carrying out research work, in which the parent company is engaged.
      • Promoting technical or financial collaborations between Indian companies and parent or overseas group company.
      • Representing the parent company in India and acting as buying/selling agent in India.
      • Rendering services in Information Technology and development of software in India.
      • Rendering technical support to the products supplied by parent/group companies.
      • Foreign Airline/shipping Company.
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MODES OF REGISTRATION OF NGO?

Posted By admin on December 25, 2013 No Comments

MODES OF REGISTRATION OF NGO-

MODES OF REGISTRATION OF NGO -FORMATION AND REGISTRATION OF A NON -PROFIT ORGANISATIONS IN INDIA CAN BE DONE UNDER FOLLOWING THREE MODES:

  1. TRUST
  2. SOCIETY
  3. SECTION-8 COMPANY

THE DETAILED PROCEDURE OF REGISTRATION OF NGO IS AS FOLLOWS:

Meeting

  • You have to conduct meeting of the proposed NGO. In the meeting you have to mention aim, objective, president, vice president, treasurer, advisor, member etc.
  • You have to pass the resolution of forming NGO and all member
  • must sign on it with date and proposed name of NGO

MODES OF REGISTRATION OF NGO-

MODES OF REGISTRATION OF NGO-

Furnishing Form

  • You have to go to Charity Commissioner/Asst charity commissioner’s office and buy the form.

Documents to be submitted

Thereafter according to the performa you have to complete following documents:

  1. power of attorney in the name of president/secretary
  2. Consent letter of all members/trustees
  3. Resolution
  4. by laws of NGO as performa (Draft an MOA)
  5. NOC from the premises owner in which ngo is registerd
  6. Declaration of all movable and immovable assets of NGO on RS 20/- non-judicial stamp
  7. other document as required

There after, you have to apply to the same office under Registration of Societies Act 1860 or Public Trust Act of respective states or section 8 of the companies act .{FOR REGISTRATION PROCEDURE OF TRUST, SOCIETY AND COMPANY UNDER SECTION 8)

You should get your registration certificate within 1 months of Society and within 2 months of Trust and you will get registration number.

If you want tax exemption, as soon as you get registration number, apply to Income Tax department for tax exemption under section 80(G) .

In case of Foreign Funding then one needs to Apply for FCRA

In case you need any further information

Contact us at 9818092002
Email : info@companyindia.co.in

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ADVANTAGES OF NGO

Posted By admin on December 25, 2013 1 Comment

ADVANTAGES OF NGO or NON Profit Organisation

We are specialised firm in India  helping in Setting up Non Government organisation or Non Profit Organisation Like

  1. Trust
  2. Section 8 Company
  3. Society

NGO can get several benefits if they register themselves under section 12 A of Income tax Act, Section 80G of Income Tax or under Section 35 of Income tax Act

Foreign remittance in NGO can be received only when NGO has received prior approval from Foreign Contribution Regulation Act

In case of more query you can whatsapp us at 9818092002 or email us at ceo@taxworld.in

ADVANTAGES OF NGO-An NGO is a non-governmental organization that is driven and task-oriented by individuals with one common interest. NGOs are usually structured around specific issues like health, human rights or environment. An NGO provides expertise and analysis and thus assists in monitoring international agreements.

ADVANTAGES OF NGO

ADVANTAGES OF NGO

Provide important local action

  • ADVANTAGES OF NGO  are very important since they offer an organization for local communication, action and also distributing resources when there are no existing local organizations. A
  • An NGO provides a mechanism that could possibly work where the government has failed. I
  • It supports grass roots initiatives as well as recognizing and responding to the realities of the local people.

Cheaper to implement ADVANTAGES OF NGO

  • NGOs are actual non-profit organizations, various projects can be achieved without having to use the government money. This is because there are many private donors who support the NGOs and this means that there will never be a lack of resources.
  • NGOs provide a good alternative to creating mass access structures. These mass access structures are extremely cumbersome, unreliable and costly.

Better communication

  • ADVANTAGES OF NGO  have the capability of communicating at all levels. This means that they can easily interact with the local people and relay their messages to top levels of the government.
  • They are also capable of recruiting highly motivated staff and experts with lesser restrictions than employees working for the government.

In case you need any further information

Contact us at 9818092002
Email : info@companyindia.co.in

Innovative approaches

  • NGOs are flexible in becoming accustomed to local conditions and responding to the local needs. For that reason, they can experiment freely with new approaches and take risks if necessary. They can develop integrated projects to help the local people.
  • The major shortcoming of NGOs is the overdependence on private financial resources, especially when the donors fail to make their donations.

Improve standards of life

  • NGOs are more beneficial than government programs because they are usually community based organizations. They research, develop and work on several projects which can help people change their lives.
  • NGOs are able to penetrate all corners of the community to find out what kind of problems people face and what they can do to make things better.

Reduce literacy levels

  • To improve the standards of life, ADVANTAGES OF NGO teach people in the respective communities how to lead a better life than
    These teachings have been seen to improve the levels of their lives at different levels.

In case you need any further information

Contact us at 9818092002
Email : info@companyindia.co.in

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