Formation of a company
This query is : Resolved
Srikar Kumar Panda
(Querist)
05 June 2012
Dear Experts,
We need to register a company… The background is as under;
1. Actually there is a company already in existence in USA.
2. They are into servicing customers of IBM for two of IBM products.
3. The service is for installing and redressal of queries by the customers…..
4. For this purpose, the company wants to hire people in India and train them.
What will be better, a branch office of the foreign LLC or an Indian company registered. Please suggest..
Thanks & Regards
Srikar Kumar
We need to register a company… The background is as under;
1. Actually there is a company already in existence in USA.
2. They are into servicing customers of IBM for two of IBM products.
3. The service is for installing and redressal of queries by the customers…..
4. For this purpose, the company wants to hire people in India and train them.
What will be better, a branch office of the foreign LLC or an Indian company registered. Please suggest..
Thanks & Regards
Srikar Kumar
Ca Anand Dubey
(Expert)
05 June 2012
It will be better if the company will make a subsidiary in india and charge for its services from H.O.. If you open a branch office then it will be confusing to identify the income of branch
Message likes :
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Ca Anand Dubey
(Expert)
05 June 2012
It will be better if the company will make a subsidiary in india and charge for its services from H.O.. If you open a branch office then it will be confusing to identify the income of branch
Srikar Kumar Panda
(Querist)
06 June 2012
Thanks Anand ji,
Could u pls tell me whether creating a subsidiary of a foreign company is same as creating a new indian comany or is there any other procedure / formalities needs to be adhere..
Could u pls tell me whether creating a subsidiary of a foreign company is same as creating a new indian comany or is there any other procedure / formalities needs to be adhere..
Srikar Kumar Panda
(Querist)
06 June 2012
Thanks Anand ji,
Could u pls tell me whether creating a subsidiary of a foreign company is same as creating a new indian comany or is there any other procedure / formalities needs to be adhere..
Could u pls tell me whether creating a subsidiary of a foreign company is same as creating a new indian comany or is there any other procedure / formalities needs to be adhere..
Ca Anand Dubey
(Expert)
06 June 2012
yes , you have to check fema regulation , but the company registration proceedure will be same like name approval, etc. Some additional documents required.
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