Foreign Collaboration In India:-

Instead of having a joint venture company, a foreign company may incorporate its wholly owned subsidiary ('WOS') in India, where 100 per cent FDI is permitted .A 100 per cent subsidiary, incorporated as a private company, is treated as a private company for the purpose of the Act, even though the foreign holding company is a public company under the law of its country.A person resident outside India shall be allowed to establish a branch or office or other place of business to act as a channel of communication between the principle place of business or head office by whatever name called or represent the interest of the foreign companies executing a project in India in accordance with the relevant provisions and regulations prescribed under FEMA, 1999.When the foreign contribution is in the form capital participation, the usual form of the venture is joint venture. Basically the organization that suits a joint venture is a company organization.

The Indian experience shows that the most preferred mode is to set up a private company because under the Indian company law a private company, unlike a public company, is exempted from lot of legal compliance and statutory filings. Due care should be taken while forming JVC with respect to the controlling interests and rights of the foreign and Indian participants.E&M provides a wide spectrum of services to both national and international clients. It has service offerings both for established business and new business.E&M's niche is its highly specialized services for international companies with interest in India. It offers to its international clients a turn-key single-window cost-effective package of all services that it may need. Long years of servicing international clientele gives E&M appreciation of their special requirement and a demonstrated capability for successful, risk-free execution.Get infomation and best promt service regarding Foreign Collaboration In India from www. enmglobal.com