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Doing Business in India
India is being considered today as one of the most powerful emerging economies of the world. As a result of wide ranging programs of economic reforms, India is moving firmly into the front ranks of the rapidly growing Asia-Pacific Economic Region.
After announcement of the Economic Policy in 1991 and subsequent announcement of second generation of market-oriented reforms in April 2001 India has made significant progress and is considered as a country where "an economic miracle is waiting to happen". India has remarkably simplified its laws and policies permitting the entry of multinationals, joint ventures, cross border mergers and acquisitions.We have outlined below in brief the laws and procedures as to how to do business/carry on operations in India, as a Foreign Company and/or as an Indian company. The note below is indicative only and cannot be taken as a legal opinion.LEGAL ENTITY FOR DOING BUSINESS IN INDIA A Foreign Company could undertake business activities through various modes. We have analyzed various modes of doing business in India under two headings, which are "while retaining the status of a Foreign Company" and as an "Indian company, which could be formed as a wholly Owned Subsidiary or through Joint Venture". ...See the full content of this document
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