Globex Holdings Keys to Investment: India

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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