Business Setup In India

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Introduction

Singh Suri & Company, Chartered Accountants can provide a range of services to assist businesses in setting up operations in India.

1. Business Structure Advisory: We advise on the most suitable legal structure for the business based on factors such as ownership, liability, taxation, and regulatory requirements. Options include sole proprietorship, partnership, limited liability partnership (LLP), private limited company, and public limited company.
2. Company Incorporation: We assist in the process of incorporating a company in India, including obtaining Director Identification Number (DIN), Digital Signature Certificate (DSC), name approval, drafting of Memorandum of Association (MoA) and Articles of Association (AoA), and filing incorporation documents with the Registrar of Companies (RoC).
3. Foreign Direct Investment (FDI) Compliance: We help foreign investors navigate FDI regulations and compliance requirements when establishing a presence in India. This includes advising on sectoral caps, entry routes, government approvals, and reporting obligations to the Reserve Bank of India (RBI) and other regulatory authorities.

4. Statutory Registrations: We assist in obtaining various statutory registrations required to operate a business in India, including Goods and Services Tax (GST) registration, Permanent Account Number (PAN), Tax Deduction and Collection Account Number (TAN), Import-Export Code (IEC), and registration under the Shops and Establishment Act.
5. Tax Registration and Compliance: We handle tax registration and compliance requirements for businesses, including registration for income tax, GST, and other indirect taxes. We also assist in filing tax returns, maintaining tax records, and complying with tax withholding and payment obligations.
6. Accounting and Bookkeeping: We provide accounting and bookkeeping services to maintain accurate financial records in compliance with Indian accounting standards. This includes recording financial transactions, preparing financial statements, and ensuring compliance with regulatory reporting requirements.

7. Regulatory Compliance: We help businesses comply with various regulatory requirements applicable to their industry and operations. This includes compliance with labor laws, environmental regulations, corporate governance standards, and industry-specific regulations.
8. Corporate Secretarial Services: We offer corporate secretarial services to ensure compliance with company law requirements and corporate governance norms. This includes maintaining statutory registers, drafting board resolutions and minutes, and filing annual returns and other regulatory filings with authorities such as the RoC.
9. Business Advisory and Consulting: We serve as trusted advisors to businesses, providing strategic guidance and recommendations on a wide range of business matters. This includes business planning, financial forecasting, investment analysis, risk management, and strategic decision-making to support business growth and sustainability.

10. Audit and Assurance Services: We perform audit and assurance services to provide independent verification of financial statements and internal controls. This includes statutory audits, tax audits, internal audits, and special purpose audits to ensure compliance with legal and regulatory requirements and enhance transparency and credibility.
These are some of the key services that Singh Suri & Company, Chartered Accountants offer to businesses setting up operations in India. The specific services needed will depend on the nature of the business, its industry, its ownership structure, and its specific requirements and objectives.