Assistant High Commission of India - Chittagong

India
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Entry into India :
Persons desiring to setup business in India can get a business visa. This visa may be issued for upto Five years, with a multiple entry provision. While a business visa is issued by and Indian embassy abroad, it can be renewed/extended with in India if the applicant so desires. Foreign nationals who wish to work in india must obtain a residential permit from the Foreigners Regional Registration Offices (FRRO) which are located in all major cities, or in the case of smaller cities, from the principal police station.
A foreign national, holding a visa (other than a tourist visa) valid for a period exceeding 180 days, is required to be registered with the FRRO with in 15days of arrival in India. Change of purpose of type of visa is not permitted.

Repatriation of Earnings :
A foreign national may open bank accounts in India and receive funds from abroad.
Under the new liberalised regime , a foreign national is allowed to repatriate his net after tax earnings from India abroad for maintenance of close relatives.

Taxation :
Foreign nationals working in India are generally taxed only on their Indian income. Income received from source outside India is not taxable unless it is received in India. The India tax laws provide for exemption of tax on certain kinds of income earned for services rendered in India.

Approvals/ Clearances Required	Departments to be Approached and Consulted
Incorporation of Company	Registrar of Companies
Registration / IEM / Industrial License	DIC for SSI/SIA for large and medium industries
Allotment of land	State DI / SIDC / Infrastructure
Permission for land use (in case industry is located outside an industrial area)	State DI Dept. of Town and Country Planning Local Authority/ Dist. Collector
Site approval from environment angle	State Pollution Control Board and Ministry of Environment and Forests for specified industries.
NOC and consent under Water and Air Pollution Control Acts	State Pollution Control Board
Approval of construction activity and building plan	Town and country planning Municipal and local authorities Chief Inspector of factories Pollution Control Board Electricity Board
Sanction of Power	State Electricity Board
Use and storage of explosive	Chief Controller of Explosives
Boiler Inspection Certificate	Chief Inspector of Boilers
Finance	SFC/ SIDC For loans higher than Rs. 15 million, all India financial institutions like IDBI, ICICI, IFCI etc.
Registration Under State Sales Tax Act and Central and State Excise Act.	Sales Tax Dept. Central and State Excise Dept.
Other Registrations and clearances
Extraction of Minerals	State Director of Mines and Geology
ISI Certificate	Regional Office of the Bureau of India Standards (BIS)
Quality marketing certificate	Quality Marketing Center of the State Government.
Weights and Measures	Inspector of Weights and Measures
Code no. for Export and Import	Regional Office of Director Generals of Foreign Trade.

Abbreviation used
SIDC	State Industrial Development Corporation
SSI	Small Scale Industries
SIA	Secretariat of Industrial Approvals
SSIDC	Small Scale Industrial Development Corporation
SFC	State Financial Corporation
DIC	District Industry Center
GOI	Government of India
IDBI	Industrial Development Bank of India
ICICI	Industrial Credit and Investment Corporation of India
IFCI	Industrial Finance Corporation of India

For further details on rules regulation and other laws pl. visit the following links :

http://www.nic.in/lawmin/ | http://www.nic.in/dca

	Trade Links
indianyellowpages india-exports http://www.xportindia.com Trade-India www.equitymaster.com Business4india.com


	Stock Exchanges
http://www.bseindia.com http://www.dsebd.org http://www.secbd.org http://csebd.com


	Business Registration procedures in india
Start Company Formation

Obtaining approval for the proposed name of the Company from the ROC

Drawing up the Memorandum of Association

Getting the appropriate persons to subscribe to the Memorandum (a minimum of 7 for a public company and 2 for a private company)

Payment of Registration Fee to the ROC

Receipt of Certificate Fee to the ROC

Receipt of Certificate of Incorporation

Obtain a certificate of commencement of business from the ROC sin case of a public company.

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