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Our Company Introduction
Brivan aids Start-ups/ existing businesses by becoming their backbone of finance planning & control systems. Our objective is to assist our clients in concentrating on their core business operations and optimize business growth.
Navigate through complicated, ever-changing regulatory and setup processes with our rich professional experience.
Ensure uninterrupted business operations by using our all-inclusive bouquet of services.
Drive organization-wide productivity with our regular reporting that ensures a transparent environment for carrying out tasks.
Facts
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Establishing a private limited company is the fastest way.
A foreign company can register under the Companies Act, 2013 to start a business in any of below given ways:
Branch office: A branch office is established by a foreign company in India. Foreign companies must be large businesses and provide proof of profitability.
Liaison office: A liaison office can be established for all liaison activities in India. All the expenses of the liaison office must be met through foreign remittance from the parent company.
Project office: This office can be established to execute projects awarded to a foreign company by an Indian Company. Approval from the Reserve Bank of India may be required.
Starting a private limited company is the fastest way to set up in India. Foreign Direct Investment (FDI) of up to 100 per cent into a public limited or private limited is permitted under the FDI policy.
Yes, as generally remittance of foreign currency is involved, the Reserve Bank of India regulates them through Foreign Direct Investment (FDI) policy, Foreign Exchange Management Act (FEMA), 1999 etc.
Registration or incorporation is needed for any way of doing business in India by a foreign company as a Branch Office/Liaison Office/Project Office. Professionals are recommended to be involved in this matter as there are various important aspects which are kept in mind while starting the business. They will explain all the pros and cons of how to enter India and which mode is more beneficial for different types of business.
Depending upon your business entity set up, The Companies, Act, 2013 and its related rules, Foreign Direct Investment (FDI) policy, and Foreign Exchange Management Act (FEMA), 1999 govern the foreign company business in India.
Joint Venture:
• Conditions upon which RBI or FIPB (Foreign Investment Promotion Board) approval is given.
• Abiding by conditions and clauses which are stated under the joint venture.
• Annual Compliances under GST Act Tax filing under the Income Tax Act, 1961.
Laison Office/Project Office/Branch Office:
• Filing of E-form FC-1 to the Registrar of Companies within thirty (30) days from starting a business or establishing an office in India.
• Filing of E-form FC-3 is to be completed for annual accounts along with the list of all principal places of business in India established by foreign companies.
• Filing of E-form FC-4 for the annual return of a foreign company. Branch offices/Liaison offices have to file Annual Activity Certificates (AAC) and annual returns on foreign liabilities and assets have been notified under FEMA 1999 Annual Compliances under GST Act Tax filing under the Income Tax Act, 1961
Depending upon the non-compliance and its related penal provision, penalty, fine or other fees are levied upon the foreign company.
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