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India business desk

A path of entry to land of unlimited opportunities

info@argusglobal.in

+91 99 9910 7800


India - An emerging market
FDI inflows have increased by 37%
● One of the world’s fastest growing economies since the launch of ‘Make in India’
initiative
● Largest youth population
- DIPP, GoI
● Huge domestic market
Over $1.5 trillion investments planned
● Rising economic influence in infrastructure by 2030
- PIB, GoI
● Impressive growth in Indian infrastructure

● Rising global competitiveness Indian tech startups have attracted


over $20 Bn in the past couple of
● Tech startup boom
years.
- DIPP, GoI

Private & Confidential


Ease of doing business score
0 100

85.24: Singapore (Rank: 2)

67.23:India (Rank: 77)

1 56.71:Regional Average (South Asia)

77
41.97:Bangladesh (Rank:176)
Rank

100

130
India is ranked 77th among 190 countries in
the world bank ease of doing business 2018
190
rankings.
2016 2017 2018 - World Bank
Year
Private & Confidential
Business registration
Foreign investor/companies can enter and commence business in India as:

● Foreign Company
● Liaison office: To represent parent company in India
● Branch office: To undertake activities such as export/import of goods, research, consultancy etc
● Project office: Activities as per contract to execute project

● Indian Company
● Joint venture
● Wholly owned subsidiary

For carrying out manufacturing/ services and other related business operations, most favourable and
compliant way is to incorporate an indian company.

Private & Confidential


Business registration
Overview of incorporation of an Indian subsidiary company is as follows:

● Digital Signature certificate ● Execution of MoA and AoA - ● Certificate of


● Board resolution and foreign Apostilled by indian consular Incorporation
company profile - Notarised office in foreign country ● Statutory registrations
● Application for name ● SPICe form for application for ● Commencement of
approval incorporation business

Private & Confidential


Statutory Registrations
List of statutory registrations in India as follows:

● Applicable to every business


● Income Tax - PAN/TAN
● Goods and services tax - GST
● Employee state Insurance - ESI
● Provident Fund - PF

● Manufacturing business
● Factory Act
● Labor welfare acts
● Pollution board and Environmental clearances, if applicable

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Statutory and regulatory compliances
List of Compliances Monthly Quarterly Annually

Income Tax
• Advance Tax √
• Tax deducted at source √ √
• Income tax return √
• Tax Audit √
Goods and Services Tax
• GSTR-3B and Tax payment √
• GSTR-1 √ √
• GST Annual return √
• GST Audit √
Labor Laws
• Employee state insurance √ √
• Provident fund √ √

Private & Confidential


Statutory and regulatory compliances
List of Compliances Monthly Quarterly Annually

Registrar of companies
• Board meetings √
• DIR-3kyc √
• Annual general meeting √
• Annual Returns √
RBI/FEMA (if dealing in forex)
• FC-TRS
• FC-GPR
Per instance/transaction in capital account

Business specific compliances √ √ √

Private & Confidential


Our solutions
Our India business desk team offers a wide range of solutions as
follows:
● Business registration - Indian company incorporation Our primary goal is to
provide solutions with a
● Post incorporation compliances
simple approach to
● Statutory registrations meet clients’ specific
● Statutory and regulatory compliances objectives, and develop
long-term relationships.
● Outsourcing of non-core operations:
We are committed to
● Accounting delivering exceptional
● Human resources client service.
● Payroll processing
● Any other non-core functions

Private & Confidential


Other value-add services
The team at Argus is well-equipped to provide clients with bespoke,
risk-focused, cost-effective and value-add services as follows:
● MIS dashboards and decision support systems
Argus team includes
attorneys, certified
● Business process re-engineering public accountants and
● SOP & Policy documentation bankers with significant
experience in their
● Internal Audit and RCM implementation
respective fields. Team
● Internal control systems contribute their
● Group insurance schemes individual talents to
Argus broad range of
expertise and
experience

Private & Confidential


Helping to make the complex, simple

info@argusglobal.in

+91 99 9910 7800