A private limited company is not owned by any governmental body, and it does not offer public shares. The number of shareholders for a private limited company is restricted to a maximum 50, whereas the minimum required is 2. The shareholders, however do not have the power to transfer or trade their shares publicly.
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PROJECT OFFICE
All foreign companies are allowed to set up a project office or a site office in India. This facility is allowed as a temporary arrangement, exclusively for the project mentioned in the application, and its activities have to be terminated as soon as the project is over. There are certain conditions mentioned as general permission policy which have to be met before establishing the project offices.
LIAISON OFFICE
The activities of a liaison office in India are restricted to collecting information, promoting export and import activities and assisting in both technical and financial collaboration with other groups or companies.
The following are the requirements to set up a Liaison Office/ Representative Office in India.
Prior approval from Reserve Bank of India (RBI) is required.
An agreement has to be signed stating that the office would not involve in any type of commercial activity in India. read more...
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