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REGULATORY COMPLIANCES |
In India various applicable laws may be categorized as under:
- Central Laws: These are laws enacted by the Central Government of India and are generally applicable all over India.
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State Laws: These are laws enacted by Government of various States and are therefore applicable only in the respective State unless the same has been extended to be applicable in other States or all over India accordingly.
- Local Laws: These are laws enacted by the local authorities such as Municipal Corporations and other Statutory local bodies.
Under these laws an entrepreneur is required to obtain various approvals, registrations and consents from governing authorities and is further made responsible for furnishing/ submitting information and documents on regular basis and/ or on the happening of certain events.Some of the indicative areas pertaining to compliances and requirement of registration, approval and consents to be obtained from various governing authorities are required are given below:
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Statutory approvals, compliances for projects/ Companies willing to invest in India under Foreign Direct Investment (FDI) Policy and Foreign Exchange Management Act, 1999, approvals from Reserve Bank of India (RBI) and/ or Foreign Investment Promotion Board FIPB), Secretariat For Industrial Approvals (SIA) and Director General of Foreign Trade (DGFT) etc.
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Registration for Service Tax, Value Added Tax (V.A.T), Central Sales Tax and Excise Duty, registration of office premises under local Shops and Establishment Act (if required).
- Obtaining Director Identification Number (DIN) and Digital Signatures of Directors.
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Obtaining Permanent Account Number (PAN), Digital Signature, DIN, CIM and Tax Deduction Account Number (TAN) from the Income Tax Authorities.
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Registration of Companies as Software Technology Park (STP) with the Software Technology Park of India Authorities, in case the Company is to be engaged in the field of Information Technology.
- Registration under provisions of labour laws (if required) e.g. Provident Fund, Contract Labour etc.
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| Services Offered: |
We offer expert services with respect to registration, approval, consents, and compliances pertaining to execution of foreign Direct Investment Projects in India. The firm accepts assignments either on project basis or on retainer ship |
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