Business Success in India Through Effective Contract Management
/ Business Success in India Through Effective Contract Management Contracts are the backbone of business relationships, outlining expectations and protecting interests. However, the real strength of contracts lies not just in their formulation but in their management throughout their lifecycle. In India, where the business landscape is unique and complex, foreign companies often face significant […]
Shareholding Structure for a Subsidiary of Foreign Company in India
/ Shareholding Structure for a Subsidiary of Foreign Company in India The shareholding pattern at the time of incorporation of a company typically outlines the distribution of shares among the initial equity shareholders or founding members of the company. The shareholding pattern indicates the percentage of shares held by each shareholder or group of shareholders. […]
Differences in the way of doing business in India among Indian states
/ Unlocking Opportunities: Guide to Doing Business in India India is almost as large as the European Union and has more than twice as many inhabitants. No wonder, there are major differences between the various Indian states in terms of language, demographics, politics and economic growth. For doing successful business in India, it is therefore […]
Avoiding Common Pitfalls When Establishing Manufacturing in India
/ Avoiding Common Pitfalls When Establishing Manufacturing in India If you want to start manufacturing in India, you cannot simply copy-paste your European set-up. During the process, you need to take into account possible adjustments to your original plan so that your factory complies with Indian regulations and fits well with local practices. We will […]
E-WASTE MANAGEMENT BY SWACH ENVIRO E-WASTE
/ E-WASTE MANAGEMENT BY SWACH ENVIRO E-WASTE Introduction E-waste is a popular, informal name for electronic products nearing the end of their “useful life.” Mobile Phones, Smart Phones, Feature phone, I Phones, Laptop, Desktop, Thin Clients, Air Conditioners, Televisions, Refrigerators, Washing Machines, VCDs, stereos, copiers, and fax machines are common electronic products. Many of these products can […]
What are the risks of having a Permanent Establishment in India and how can you avoid them?
/ What are the risks of having a Permanent Establishment in India and how can you avoid them? According to Article 5 of Double Taxation Avoidance Agreement (DTAA) and the concepts underpinning Permanent Establishment in India, any profits of an enterprise of one Contracting State are taxable in the other state, only if the enterprise […]
Foreign Manufacturers Certification Scheme (FMCS)
FMCS is a scheme under which a BIS licence is granted to a foreign manufacturer in accordance with the BIS Act, 2016 and Bureau on Indian Standards (Conformity Assessment) Regulations, 2018. The licence is granted for the products which conform to relevant Indian Standards. The Standards may be under mandatory or voluntary certification. BIS licence to use or […]
Compulsory Registration Scheme (CRS)
Ministry of Electronics & Information Technology (MeitY) has notified “Electronics and Information Technology Goods (Requirement for Compulsory Registration) Orders for bringing various Electronics & Information Technology products under Compulsory Registration Scheme. Bureau of Indian Standards grants licence to the manufacturers to use or apply Standard Mark with unique R-number, through registration based on self-declaration of conformity […]
Product Certification Scheme (Scheme – I)
For improving the Quality of Products and to provide the advantages of Standardization to common consumers, the Indian Standards Institution started operating the Certification Marks Scheme under the Indian Standards Institution (Certification Marks) Act, 1952. The Scheme was formally launched in 1955 and is popularly known as the ‘ISI Marking Scheme’. BIS Conformity Assessment Schemes for Product […]
Liaison office Closing : Closing up non-compliance’s for fast closer
/Liaison office Closing : Closing up non-compliance’s for fast closer Closing a company should be as simple as possible so that you can move on quickly. In India, it has become less complicated in the last few years, but you still must know what you are doing. COMPLIANCES NEEDS TO BE DONE BEFORE INITIATING CLOSURE […]