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What are BARE MINIMUM prerequisite for "Setting up a Business in India"??

Submitted by CA Shashi Mohan on Sat, 09/22/2018 - 6:33am.
1. Naming India Business
•   Get ready with minimum 2 options of Business Name
•   Name must be unique and defining the ‘main objective clearly’
•   Get ready with ‘No Objection’ if intend to use the name of Holding Company or any Trade Mark


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Mandatory Corporate Compliances that Small Companies in India must Follow

Companies in India having paid up Share Capital less than INR 5 Million (Appx. USD 76,000) and Annual Turnover less than INR 20 Million (Appx. USD 300 Thousand) are categorized as a "Small Company". There are of-course relaxed compliance norms for ‘Small Companies’, however the following activities must be done:


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Which Business Structure I should Choose in India?


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FAQs - Setting up Business in India for Foreign Companies


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How NRIs and Foreign Organizations can get a PAN card in India?

Currently the process to get a PAN in India is semi-automated. An online application can be made by using the link https://tin.tin.nsdl.com/pan/form49AA.html. Please be careful in mentioning particulars exactly same as per your identity proof, address proof etc.
Manual Form 49AA can also be downloaded from here.


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Setting a Company in India - By Foreign National, NRI and OCI

. I am a US Passport holder; can I own a company in India?
Yes, you can very well own a company in India (partly or even wholly) or set up your own company in India. Setting up or owning a company in India can broadly be achieved with the following options:

•   Buying shares in an existing business
•   Starting a new company (please see Point No. 3 below)


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