Globex Holdings Keys to Investment: India | Page 5

Contents

Section Contents Page No .
3.1.4
Limited Liability Partnership ........................................................... 21
3.1.5
Set-up Process - Private Company ................................................... 21
3.1.6
Mergers / Acquisitions ..................................................................... 23
3.2
Other Entry Options
..............................................................................
23
3.2.1
Liaison Office ................................................................................... 23
3.2.2
Project office .................................................................................... 24
3.2.3
Branch Office ................................................................................... 24
3.3 Foreign Institutional Investors ............................................................. 25
4
Business Operations - Compliance Matters
............................... 27
4.1
Immediate on Set-up
............................................................................
27
4.1.1
Registrations ..................................................................................... 27
4.1.2
Registration for Directors ............................................................... 27
4.1.3
Business Premises
..........................................................................
27
4.1.4
Factory Construction ........................................................................ 28
4.2 Human Resource – Hiring & Management .......................................... 28 4.2.1 Legislative Provisions ..................................................................... 28 4.2.2 Working Hours and Holidays .......................................................... 28
4.3
Social Security ........................................................................................
29
4.3.1
Employees Provident Fund and Miscellaneous Provisions Act ............. 29
4.3.2
Payment of Gratuity Act ................................................................... 29
4.3.3
Employees State Insurance Act .......................................................... 29
4.4
Disputes
.................................................................................................
30
4.4.1
Industrial Disputes Act ....................................................................... 30
4.4.2
Trade Unions .................................................................................... 30
4.4.3
Dismissal and Layoff ........................................................................ 30
4.5
Records and Reporting
.........................................................................
31
4.5.1
Accounting ....................................................................................... 31
4.5.2
Audit ................................................................................................. 31
4.5.3
Reporting Requirements ................................................................... 32
4.5.4
Secretarial Matters ............................................................................ 32
4.6 Direct taxes ............................................................................................ 34
4.6.1 Corporate tax .......................................................................................... 34 Scope ................................................................................................ 34 Rates ................................................................................................. 34
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