New Company Formation
The New Companies Act, 2013 sets down the rules and regulations for the establishment of both new public and private companies. The formation of company, new company incorporation and LLP Company formation are three essential things, which are established by New Companies Act, 2013. Limited company and unlimited company are the most commonly used as corporate form. A new company is formed by registering the articles and memorandum of association with the State Registrar of Companies of the state in which the main office is to be located.
The Reserve bank of India permits foreign companies to engage manufacturing and trading activities to open branch offices in India for the purpose of carrying on the following activities in India:
- To represent the parent company or other foreign companies in various matters in India.
- To conduct the research work in which the parent company is engaged offered the results of the research work are made available to Indian companies.
- To undertake import and export trading activities.
- To promote possible financial and technical collaboration between Indian companies and overseas companies.