Gupta Ankit & Co. Chartered Accountants

Barakhamba Road, New Delhi, Delhi

GST No. 07AAKFG3980D1ZD

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Starting Business in India

A Business enterprise is an economic institution engaged in the production and/or distribution of goods and services in order to earn profits and acquire wealth.

The scope of a business is very wide. It includes a large number of activities which may be classified into two broad categories i.e. Industry and Commerce. Production of goods is the domain of 'Industry' and distribution comes under 'Commerce'. Every entrepreneur aims at starting a business and building it into a successful enterprise.

The term 'entrepreneur' means to undertake and pursue opportunities and to fulfill needs and wants of people through innovation. He/she innovates and combines resources in the form of men, materials and money and brings them together to make the business venture profitable.

Once the plan to start a business is finalize, GAC offers best solutions to the challenges for setting it up in India.

Wholly Owned Subsidiary Registration Services

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Wholly Owned Subsidiary Registration Services
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Service Details:
Service TypeOnline & Offline
Project Duration10-15 days
Type Of OwnershipCompany
Requirement FrequencyOne Time
Company LocationPan India
Mode Of ServiceOffline & Online
Type Of Registration FileE-Filing
Company RegistrationYes

We render Wholly Owned Subsidiary Registration Services to clients from across the globe.

A subsidiary is a company with voting stock that is more than 50% controlled by another company, usually referred to as the parent company or the holding company. A subsidiary is partly or completely owned by the parent company, which holds a controlling interest in the subsidiary company.

 

Wholly-owned subsidiaries are fully owned by the parent company i.e. 100% of the subsidiary’s shares. 100% control over the subsidiary’s shares allows the Parent Company to appoint the subsidiary’s board of directors, which controls the subsidiary. Wholly owned subsidiaries may be part of the same industry as the parent company or part of an entirely different industry. A company operating in more than one country may choose to operate a business through a wholly owned subsidiary.

 

A Subsidiary company can be incorporated either by acquiring majority of the shares (more than 50%) of the company or by controlling the composition of board of directors of the company. Both holding and subsidiary companies are separate legal entities and they are related to each other by virtue of subsidiary –holding company relationship.

 
Over the years we have rendered Wholly Owned Subsidiary Registration Services to clients from USA, Canada, major Asian & European Countries.

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Foreign Company Registration Services

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Foreign Company Registration Services
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Service Details:
Type Of OwnershipLimited Liability Company
Type Of ServiceNew company registration
Number Of EmployeesAny
Mode Of ServiceOnline & Offline
Type Of Registration FileE-Filing
CustomizationCustomized

GAC offers Foreign Company Registration Services to those Foreign entities who wish to register their businesses in India.

A Foreign Company is a company which is incorporated as such and has a place of business in India. As per various laws & bilateral agreements, foreign companies are subjected to various compliances under Income Tax, GST, FEMA & RBI Guidelines.

Our service basket includes:-

  • Formation of Wholly Owned Subsidiary
  • ·         Setting up of Branch Office
  • ·         Setting up of Liaison Office
  • ·         Consultancy on Foreign Direct Investment
  • ·         Consultancy on FEMA matters
  • ·         Consultancy on issue and valuation of shares & business
  • ·         Consultancy on taxation matters

  • Accounting & payroll services & many more

 

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Branch Office Registration Services

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Branch Office Registration Services
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Service Details:
Type Of OwnershipBranch of Foreign Company
Company LocationPan India
Professional Experience11 years
Type Of CompanyBranch Office
Type Of ServiceBranch Office Set Up
Number Of EmployeesNo Limit

Branch Office Registration Services is the most sought of services by businesses throughout the world & most particularly from UAE.

Our Branch Office Registration Services includes end to end solutions from obtaining registration from Ministry of Corporate Affairs to obtaining approval from Reserve Bank of India

The foreign companies that are engaged in manufacturing and trading activities are allowed to set up their branch office in India with the approval of Reserve Bank of India.

  • The activities of Branch Office and the Parent Company should be same.
  • For setting up the Branch Offices, the permission is granted by Foreign Exchange Department, Reserve Bank of India.
  • While considering the Application for a Project Office, the track record of the applicant, existing trade relations with India and financial position of the company is checked by the RBI.

For branch office registration in India, our team of well qualified and experienced professionals render the best quality services for timely & economical set up.

Liaison Office or Representative Office is the office that acts as a channel of communication between the head office of the foreign company and the parties in India. Any foreign company can open a representative office in India.

  • Name of the Liaison Office and the Parent company should be same.
  • Reserve Bank of India (RBI) is the governing body for the license of the Liaison Office.
  • Liaison office with the Indian clients is best for the foreign companies looking to set up a temporary office in India.
  • Liaison office is the extension of an existing company in foreign country, so it doesnt have any ownership.
  • The expenses of Liaison office are handled by the head office i.e. the funds are received from the account of Head Office.
  • The license of the Liaison office is renewed after every 3 years as it is given for 3 years only.

All the services needed for the representative office registration are provided by GAC experts. 

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One Person Company Registration Services

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One Person Company Registration Services
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Service Details:
Type Of OwnershipLimited Liability Company
Company LocationPan India
Professional Experience5 years
Type Of ServiceNew company registration
Type Of IndustryAll
Type Of Registration FileE-Filing

GAC offers One Person Company Registration Services to entrepreneurs who wish to have most formal type of business entity but want to keep full control of the same without anyone's intervention. The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in a OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.

One Person Company Registration Services are needed by Start Ups & Small businesses.

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Company Registration Services

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Company Registration Services
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Service Details:
Company LocationAll Over India
Type Of OwnershipLimited Liability Company
Professional ExperienceMore than a decade
Type Of ServiceNew company registration
Mode Of ServiceOnline

GAC Team offers end to end Company Registration Services. We can help register a private limited company, one person company, section 8 company. The average time taken to complete company formation is about 10 - 15 working days, subject to government processing time and client document submission.

We are rendering Company Registration Services to Clients from across the globe.

Private Limited Company is the most prevalent and popular type of corporate legal entity in India. Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, a minimum of two shareholders and two directors are required. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.

Unique features of a private limited company like limited liability protection to shareholders, ability to raise equity funds, separate legal entity status and perpetual existence make it the most recommended type of business entity for millions of small and medium sized businesses that are family owned or professionally managed.

 

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Business Start Up Services

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Business Start Up Services
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Service Details:
Service TypeOnline and Offline
Type Of Industry / BusinessCommercial
Location/CityPan India
Service ChargeOn Case to Case Basis
Company RegistrationYes

Our Business Start Up Services are very useful to people seeking new opportunities or evaluating their current employment situation. This may be your time to pursue that great idea for a new product, service or business.

GAC Team help entrepreneurs turn business dreams into reality by way of rendering consultancy & support on following matters:-

Business Start Up Services includes various services like

  • Selection of appropriate form of Business like Sole Proprietor, Limited Liability Partnership, Private Limited Company, etc.
  • Foreign Direct Investments
  • Formation of Firm or Company
  • Statutory Registrations like FSSAI, Importer Exporter Code, etc
  • Obtaining Tax Registrations
  • Due Diligence
  • Drafting of Agreements & acting as representatives
  • Help finding suitable location as per nature of business
  • Registration under Start Up India Scheme of Government of India. 
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Liquor Licensing Services

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Liquor Licensing Services
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Service Details:
Type Of IndustryCommercial
Service Location/CityDelhi,Odisha,Maharashtra and Jharkhand
Location/CityOdisha, Maharashtra, Jharkhand, Delhi
Service ChargesDepends upon type of registration
IndustryAlcoholic Preparations

GAC Team renders Liquor Licensing Services for liquor to be used for Medicinal Purposes as well as for consumption.

India consumes more than a fifth of alcohol produced in the world. Since India’s economic liberalization, the market for IMFL and imported liquors is growing fast. The liquor industry is growing at a very fast pace in India. Economic affluence, urbanization, changing lifestyles and social mores are all persuading young people to take to drinking.

 

The alcohol law in India differs from state to state as the Indian Constitution has empowered the states to levy taxes on alcoholic products for human consumption.

 

GAC team offers its services to the companies want to start the liquor business in India from the very first step of Due Diligence to help setting up company to obtaining necessary approvals from the concerned State Governments.

Beer Business is growing at a very fast pace in India. Economic affluence, urbanization, changing lifestyles and social mores are all persuading young people to take to drinking.

 

The alcohol law in India differs from state to state as the Indian Constitution has empowered the states to levy taxes on alcoholic products for human consumption.

 

GAC team offers its services to the companies want to start the beer business in India from the very first step of Due Diligence to help setting up company to obtaining necessary approvals from the concerned State Governments. 

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Importer Exporter Code Service

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Importer Exporter Code Service
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Service Details:
Import / Export LocationAnywhere in India
Location/CityPan India
LocationIndia
Mode Of ServiceOnline
Duration1-7 Days

Importer Exporter Code Service is one of the core area of expertise of GAC Team. We are rendering Importer Exporter Code Services for more than a decade.

Import Export (IE) Code is a registration required for persons importing or exporting goods and services from India. IE Code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. IE Codes when issued can be used by the entity throughout its existence and doesn't require any renewal or filing. Therefore, it is recommended for most organizations to obtain IE Code, irrespective of if they need it at the moment.

IE Code application must be made to the Directorate General of Foreign Trade along with the necessary supporting documents. Once, the application is submitted, DGFT will issue the IE Code for the entity in 5 - 7 working days or less.

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Ankit Gupta
Gupta Ankit & Co. Chartered Accountants
705, 7th Floor, Indraprakash Building, Barakhamba Road
New Delhi - 110001, Delhi, India
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