Registering a company in India

Foreign companies can set up business in India in two main ways. The first way is where they can choose to register as an Indian company. This is possible if they commence operations in India through WOS or joint ventures. The equity and other aspects would vary as per the requirements and preference of the investors. The second option is to enter as an independent foreign company. This is possible by setting up either a branch office, liaison office or a project office. Such offices are allowed to undertake any permitted activities as required by the company. The most important thing here is to fill out the required forms that are available with the ROC so that an application for registration can be filed. The form also needs to be digitally signed by the authorised person from the applicant company. It is also mandatory for the company to obtain a DSC in order to complete the whole process. Once the medium of setting operations is finalised and all other formalities and legalities are cleared, the company should set up a distinct bank account in India itself and take care of other important aspects like recruitment, pay roll, office space and so on.