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Procedure of company formation in India

These days, most people want to start business in India. From foreign nationals to NRIs to Indian residents, many people are looking at investing their money in India. There are two reasons behind this trend. One is because the Indian economy is growing at a fast pace and in the near future it has potential to grow more. The other reason is because India is a diversified country and hence it is the most favoured location for doing business. Being a diversified country, India offers different routes of investment to its people.
The most suitable for of entity for carrying … Read more

Financial investment solutions for NRIs

Over the years the opportunities to invest for Non Resident Indians (NRIs) in safe investment options has increased tremendously.
There was a time when NRIs found it safe to invest in real estate. But banks today also offer great number of financial solutions. If you are an NRI, it is suggested to invest in financial assets rather than real estate. Real estate is a popular option but comes with its own set of challenges which NRIs and even locals routinely underestimate, only to repent later.
Financial assets are much easier to handle from abroad and are free from legal issues, … Read more

Investment solutions for NRIs

The Indian government provides great solutions for investment in India to lakhs of NRIs.
Despite the ongoing slowdown, India continues to offer numerous investment opportunities for foreign investors, who do not enjoy such high rates in their country of work. The current volatility has created attractive entry points for NRIs across a range of asset classes. If you are looking to invest in India, what are the options you should consider?

If you wish to invest in India, the first step is to open a savings bank account. There are three basic types of bank accounts for NRIs.

Go for … Read more

Investment ideas suitable for Indian business

It is a very common belief that starting a business in India requires huge amount of investment. But not all businesses require too much investment. India is a land of opportunities and one can start a business with low investment or even no investment. You can start a business in India with a nominal amount of investment and grow your business. India has a rapidly growing economy and has a massive population. In this article we will discuss some ideas for business start-up in India.
• Home canteen: Running a home canteen requires low investment in business. Off late, the … Read more

Investment opportunities for foreign nationals in India

The business sector in India is growing and expanding both in size and in terms of the level of investment. There has been a steady growth in the number of start-ups and SMEs (Small and Medium Enterprises). In the last five years, India’s GDP has grown at an average of 8.5 percent.
According to the World Survey, India was ranked as the fourth best place in the world for entrepreneurs to start a new venture. Also, according to the International Monetary Fund; India is set to become the third largest economy in the world by 2030.
The government of India … Read more

Company registration number

When a company registers itself with the registrar of companies, it gets a unique company registration number (CRN). The number is used to identify a company and verify its legal existence as an incorporated entity. The number is a unique combination of 8 numbers or 2 letters followed by 6 numbers. A company is issued with a company registration number (CRN) soon after company formation. The number will be printed on the certificate of incorporation and all the other official documents received from the ROC.
The number describes the type of company and its nature of business. The company registration … Read more

Rules for picking a company name

When you decide to start your own company, the first step it to get it registered with the registrar of companies. To do this, you need to get various documents together. You also have to think of a unique company name. In the company incorporation form, you need to at least pen down 5-10 company names that are unique and suit your business. Based on the availability the registrar approves of one name.
Before deciding on a name, you can also conduct a company name search online. There are various websites that offer services where you can check if a … Read more

Company register & its importance

Popularly called a commercial register, a company register is an official set of documents that it needed by every company to be complaint with the Corporations Act 2001. The set of documents needs to be up to date as the company goes through any kind of changes. The company register is required to be kept at either a registered office or principal place of business.

Every company register comprises of the following statutory registers:
• Register of applications and allotments: This show the composition of shares and shareholders within the company.
• Register of transfers: This records any share transfer … Read more

Start business in India

Role of the registrar of companies

In India, registering a company is not as easy as it may seem to be. The registrar of companies (ROC) plays a pivotal role in facilitating and promoting a business. It is impossible for a company to conduct business if it has not been issued a certificate from the registrar of companies. No company, under the companies act, 1956, can come into existence without the approval of the ROC. The registrar provides a certificate which acts as a lifelong proof of existence of the company. The ROC office contains data on more than 6 lakh companies that operate in … Read more