Registration
Manufacturing & service units, Company registration
Today, the Manufacturing sector of India is one of the most globally prominent and high growth economic sectors of the country, possessing the potential to reach US$ One trillion by the year 2025, and to contribute up to 25% to the national GDP by then, boosted by the ambitious "Make in India" campaign of Modi Government. This webpage introduces our expert and cost-effective legal services for manufacturing industry in india, including the service for online company registration for engagement in the desired manufacturing field.
Manufacturing Industry in India and Scope of Work (SOW)
The Government of India through its various initiatives, supportive measures, and fillips associated with the "Make in India" and other missions, and also with its 'FDI Policy', has been striving for making India one of the major and globally-popular manufacturing hubs. India's highly liberated FDI policies for various manufacturing fields, and its persistent efforts for improving its status in respect of World Bank Group's Ease of Doing Business Ranking, are elegant enough for making the manufacturing in india bigger and booming in coming years and near future. At present, the majority of manufacturing fields in India enjoy permission for FDI up to 74% or 100%, and this too, through the automatic route. Between April 2000 and December 2017, the manufacturing sector of India received a cumulative FDI of around US$ 73 billion. As per official reports, the Indian manufacturing sector grew with a CAGR of over 4%, between the FY12 and FY18. Since launch of the "Make in India" campaign, numerous giant manufacturing companies of global rankings have either set up or are in process of setting up their manufacturing units in India. Through this highly ambitious manufacturing initiative, Government of India seeks to enhance the share of manufacturing sector to the national GDP up to 25% (from 16% earlier) by the year 2022, along with creating 100 million new jobs by then, and make India one of the major and top destinations for hi-tech manufacturing. Hence, at present, India has rather rich and varied scope for investment and business in its globally-famous manufacturing sector. According to Deloitte's Global Manufacturing Competitiveness Index, India is highly expected to become the fifth largest manufacturing hub in the whole world by the year 2020.
How to Register a Manufacturing Company in India?
Under this section, information regarding how to register a manufacturing company in india is separately given, along with stipulating our other services for domestic and foreign direct investments in the Indian manufacturing sector, and business establishment and growth of a manufacturing company in India. Depending on one's specific activities or processes in the manufacturing sector, any of the above-mentioned types of companies may be set up in India at the preferred location. For registering a private or public limited company anywhere in India, the tasks involved are listed below. And, for establishing a small to medium scale enterprise (SME), relevant Governmental body will be the concerned District Industries Centre (DIC) or the State Directorate of Industries. Noteworthy here also is the fact that in the manufacturing sector in India, the investment in plant and machinery should be between Rs 25 Lac - Rs 5 Crore and between Rs 5 - 10 Crore, respectively, for a small and medium enterprises. Our legal and advisory services, including service for a private or public limited company registration, for smooth and profitable business of a manufacturing company in India, include the following services:
Manufacturing & service units, Company registration
Following are the benefits of Private Limited Company Registration in India:
Separate Legal Existence: The Company enjoys a separate legal existence from the owners and it can enter into its own assets, contracts & sue the 3rd parties in its own name. As a separate entity, it has a perpetual existence even beyond the members’ lifetime.
Ease in Raising Funds: Being a highly compliant structure, banks prefer to issue loans easily to Companies. Private Limited Company offers key benefits like the ease in limited liability protection for owners & ownership transfer.
Limited Liability: By incorporating as a Private Limited Company in India, owners can limit their liabilities to their capital contribution commitment. Their personal assets are safeguarded from any big loss or debt in the business, unlike Proprietorship Firms & Partnership.
Easy Transferable: One of the main benefits of Private Limited Company Registration is the share can be easily transferred to the other person without any complications & hassle.
ESOP (Employee Stock Option Plans): Private Company can issue Employee Stock Option Plans to its employees subject to the limitation of the number of shareholders. Section 61 of the Companies Act enables a Private Company to issue Employee Stock Option Plans to its employees.
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