Doing Business in India - RSM Austria

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SIGNIFICANT COMPANY LAW REGULATIONS Loans and Guarantees to Companies............................................................... 42 Loans and Guarantees to Directors .................................................................. 42 Disclosure of Interest by Directors.................................................................... 42 Dividends................................................................................................................. 42 Mergers.................................................................................................................... 43 Buy-back of shares ............................................................................................... 43 Audit Committee ................................................................................................... 44 Producer Companies ............................................................................................ 44 Takeovers ................................................................................................................ 44 Corporate Governance......................................................................................... 45 Winding Up.............................................................................................................. 47 CHAPTER 4 : HUMAN RESOURCES BACKGROUND........................................................................................................ 49 LEGISLATIVE PROVISIONS Mandatory Employee Benefits........................................................................... 49 Workers' Compensation....................................................................................... 53 Industrial Employment Act ................................................................................. 53 Industrial Disputes Act......................................................................................... 53 Equal Remuneration Act...................................................................................... 54 Contract Labour Act............................................................................................. 54 Trade Unions Act................................................................................................... 54 Health and Safety.................................................................................................. 54 ENGAGEMENT OF FOREIGN NATIONALS........................................................ 56 CHAPTER 5 : FOREIGN INVESTMENT IN INDIA INTRODUCTION ..................................................................................................... 58 EXCHANGE CONTROL REGULATIONS Introduction............................................................................................................ 58 Investment in India by a person resident outside India ............................... 59 Prohibition on investments................................................................................. 60 DOING BUSINESS IN INDIA
INVESTMENT UNDER VARIOUS FOREIGN INVESTMENT SCHEMES Automatic Route of FDI ....................................................................................... 61 Investments in Sectors where 100% FDI Under Automatic Route is not available........................................................................................... 61 Certain Important Aspects of the FDI Scheme .............................................. 62 Investments by Foreign Institutional Investors (FII) ..................................... 62 Investments by Non Resident Indians (NRI) ................................................... 63 Investments by Venture Capital Fund............................................................... 64 Purchase of Other Securities by FIIs................................................................ 65 Purchase of Other Securities by NRIs.............................................................. 65 Foreign Investment in Tier I and Tier II instruments issued by banks in India....................................................................................... 66 Issue of rights / bonus shares to erstwhile Overseas Corporate Bodies (OCBs) .................................................................. 66 Additional allocation of rights shares by resident to non-residents .................................................................................... 67 Issue and acquisition of shares after merger or de-merger or amalgamation of Indian companies............................................................. 67 Issue of shares under Employee Stock Options Scheme to persons resident outside India........................................................................... 67 Transfer of Securities of Indian Companies by a Person Resident Outside India......................................................................................... 68 Transfer of Securities of Indian Companies by a Person Resident in India.................................................................................................... 69 Conversion of ECB/Lumpsum Fees / Royalty / Import of Capital Goods by SEZ into equity ................................................... 69 Issue of shares by Indian companies ADR / GDR ......................................... 70 Investment in firm or proprietary concern in India....................................... 70 Establishment of Place of Business .................................................................. 71 EXTERNAL COMMERCIAL BORROWINGS (ECB) Automatic Route ................................................................................................... 73 Approval Route ...................................................................................................... 76 Time period for realization of Export payments ........................................... 80 Time period for payments towards Import obligation ................................. 80 EXCHANGE CONTROL REGULATIONS FOREIGN TECHNOLOGY TRANSFER AND ROYALTY PAYMENTS............................................................ 80 DOING BUSINESS IN INDIA
Page 1: International global excellence in
Page 4 and 5: Doing business in India
Page 6 and 7: Marine Drive, Mumbai
Page 8 and 9: Contents Hawa Mahal, Jaipur
Page 10 and 11: Education .........................
Page 14 and 15: ANNEXURE 1 Sectors Prohibited for F
Page 16 and 17: Chapter 1 India - A Profile Golden
Page 18 and 19: 2.2 Language India is a land of man
Page 20 and 21: 5.2 Communication The Indian teleph
Page 22 and 23: 7.5 Public Holidays The statutory p
Page 24 and 25: CHAPTER 2 INDIAN BUSINESS AND INVES
Page 26 and 27: This resulted in a fall in the Bomb
Page 28 and 29: 4.3.3 Designs After expiry of three
Page 30 and 31: non-banking finance activities viz.
Page 32 and 33: trading in derivative based on BSE
Page 34 and 35: same as those where concessional fi
Page 36 and 37: 10.3 Low Research and Development C
Page 38 and 39: CHAPTER 3 BUSINESS ENTITIES 1.0 FOR
Page 40 and 41: Sr. No. Criteria Requirements 1 Tra
Page 42 and 43: The project is funded by inward rem
Page 44 and 45: cause the disassociation of the par
Page 46 and 47: 2.1.2 MOA 2.1.3 AOA Companies for r
Page 48 and 49: paid up equity capital can be less
Page 50 and 51: The requirements for public and pri
Page 52 and 53: 3.0. STATUTORY REQUIREMENTS FOR COM
Page 54 and 55: 3.4 Online Filing System Ministry o
Page 56 and 57: Section Nature of default 168 Defau
Page 58 and 59: 4.0 SIGNIFICANT COMPANY LAW REGULAT
Page 60 and 61: 4.7 Audit Committees For better cor
Page 62 and 63:
The meetings of the board are requi
Page 64 and 65:
Chapter 4 Human Resources Kathakali
Page 66 and 67:
Employee benefit What is it? Applic
Page 68 and 69:
Employee benefit D e p o s i t L i
Page 70 and 71:
2.5 The Equal Remuneration Act, 197
Page 72 and 73:
The Factories Act safeguards agains
Page 74 and 75:
CHAPTER 5 FOREIGN INVESTMENT IN IND
Page 76 and 77:
2.3 Prohibition on investments 2.3.
Page 78 and 79:
ii. Subject to compliance with the
Page 80 and 81:
ii. iii. iv. The NRI investor has t
Page 82 and 83:
ii. On repatriation basis An NRI ca
Page 84 and 85:
Indian company can issue ESOPs to e
Page 86 and 87:
ii. iii. iv. The foreign equity aft
Page 88 and 89:
vi. Branch Offices have to submit A
Page 90 and 91:
ii. ECB up to US$ 20 million or equ
Page 92 and 93:
3.2 Approval Route 3.2.1 Eligible B
Page 94 and 95:
3.2.6 End Use not permitted i. Util
Page 96 and 97:
issued by Reserve Bank from time to
Page 98 and 99:
Sr. No. Sector/Activity FDI Cap / E
Page 100 and 101:
Sr. No. II C POWER Sector/Activity
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Sr. No. 29. Sector/Activity Telecom
Page 108 and 109:
Chapter 6 Taxation System India Gat
Page 110 and 111:
Entity Domestic Company Financial y
Page 112 and 113:
**** Mutual funds, other than equit
Page 114 and 115:
interest deductible is restricted t
Page 116 and 117:
2.4 Tax Relief In order to encourag
Page 118 and 119:
Section Details of Exemption / Dedu
Page 120 and 121:
Section 35 DDA 54G 54GA 54EC 10(34)
Page 122 and 123:
Sr. No. Nature of activity and loca
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Sr. No. xviii Nature of activity an
Page 130 and 131:
No deduction under 80IA, 80IB, 80IA
Page 132 and 133:
Tax is payable in advance on income
Page 134 and 135:
3.1.2 Other Non-corporate Entities
Page 136 and 137:
the Finance Act 2010, 'bullion' is
Page 138 and 139:
Rs. 40,00,000. The scheme is applic
Page 140 and 141:
4.5 Income of Offshore Funds Income
Page 142 and 143:
7.3 Advance Rulings The Indian gove
Page 144 and 145:
9.0 INDIRECT TAXES 9.1 Goods and Se
Page 146 and 147:
on goods manufactured and vice vers
Page 148 and 149:
Annexure I Double Taxation Avoidanc
Page 150 and 151:
Sr. No. Country Dividend [Note 1] T
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
ANNEXURE II: TAX DEDUCTION AT SOURC
Page 158 and 159:
NOTES 142 DOING BUSINESS IN INDIA
Page 160 and 161:
Page 162 and 163:
Page 164:
RSM International Executive Office,
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