Doing Business in India By Pradnya Desh Desh International and Business Law

Desh International Law Helps companies do business in the US and abroad. Distribution, contracts, selling abroad Mergers and acquisitions Foreign investment International business transactions International trade and customs

Indian Legal System Long tradition civil and criminal law in Ancient India The modern judicial system evolved from British control English common law US and Indian legal systems have a common parent

Federal System Constitution Supremacy Separation of powers Independent judiciary

Regulatory Environment Domestically incorporated subsidiaries are taxed the same as domestic companies Industrial licensing is limited to a few industries Foreign brand names are generally unrestricted

Legal environment for business Multiplicity of procedures Bureaucratic delays in business registration Viewed as excessive and burdensome The trend is toward simplification

FDI in India Prohibited in some sectors Automatic route Government approval route

Ease of Doing Business

Goal to move up to the top 50 in the World Bank’s ranking Competitive federalism India’s Department of Industrial Policy circulated 98 actions points for enabling a framework for stimulating investments in manufacturing. States will be ranked on ease of setting up a business, registration of property, labor compliance, infrastructure availability, finance and tax issues.

Companies Act Amended in 2014 New amendments in Parliament Goal of improving business climate for SMEs