APIMS provides a personalized integrated management service. Its effectiveness is based upon ‘people’ rather than techniques or technology.
APIMS offers sustained service on a long-term basis and assists its clients to improve their operating efficiency and profits; launch new projects, develop the business potential offered by new markets, new services, new products and new ways of doing business.
APIMS provides service within the country and abroad and has the resources to tackle many industrial problems.
LAUNCH PAD We at APIMS help young and well-managed companies to launch, develop new products and expand it to new markets taking care of their technical feasibility, collaboration agreements and financing. We also help in initiating and implementing turnkey projects with greater efficiency, speed and ease.
Our expertise and understanding of the business environment enables us to ensure that the corporate structure new companies are optimized to:
* Limit the liability of corporate directors;
* Minimize the international tax liabilities;
* Minimize the statutory filing obligations;
APIMS also help companies in the preparations of Detailed Project Reports that can become a bankable document for obtaining funding. APIMS also specializes in arranging finance through External Credit Borrowing (ECB) and obtaining approvals from Indian authorities.
India’s Companies Act 2013 governs the companies incorporated or registered in the country. Foreign nationals can incorporate a company in India and hold equity up to 100 percent depending upon the sector in which company will operate and is subject to approval from either Reserve Bank of India (RBI) or Foreign Investment Promotion Board (FIPB).There is no need to appoint a local director or a shareholder.
The memorandum and the articles are the primary legal document of a company. Memorandum contains the name of the company, authorized share capital, initial members and the object clause. Articles are a set of internal regulations that govern the day-to-day operations. It is mandatory to file both the documents with the Registrar of Companies at the time of incorporation or later, if there are any changes. At least two subscribers (shareholders) are required in the memorandum and each must subscribe to at least one share that must be expressed in a fixed amount and in Indian Rupees. “No par value” or “bearer” shares are not permitted.
It is mandatory to hold an annual general meeting (AGM) once every financial year and not more than 6 months after the end of the financial year. However, a company need not hold its first AGM until 18 months of its incorporation.
The names and particulars of the directors and secretary, register of charges, share capital, registered office address etc. must be filed with the Companies Registry for public inspection during incorporation and if there are any changes thereafter.
Every company must appoint an auditor at its AGM who must be qualified by virtue of the Institute of Chartered Accountants of India Act 1949 and completely independent of the company. Audited accounts of the company serve as a tool for various stakeholders like creditors, bankers, investors and revenue authorities.
Interestingly, a foreign company can set up operations in India in one of the two forms:
1. AS AN INDIAN COMPANY
A foreign company can commence operations in India as a Joint Venture or a Wholly Owned Subsidiary with up to 100 percent equity depending on the Foreign Direct Investment (FDI) policy. APIMS provides the details of the FDI policy, sectorial equity caps and procedures.
2. AS A FOREIGN COMPANY
Foreign Companies can set up their operations in India through Liaison Office/Representative Office, Project Office and Branch Office.
1. Present the name of the company for approval to the Registrar of Companies (ROC); get the Memorandum and Articles of Association vetted by the ROC and printed
2. Make an application to the Superintendent of Stamps or an authorized bank requesting stamping of the Memorandum of Association and Articles of Association
3. Present the required documents along with the registration fee to the Registrar of Companies to get the certificate of incorporation
4. Obtain a company seal
5. Visit the UTI Investors Services Limited to obtain a Permanent Account Number
6. Obtain a Tax Account Number for income taxes deducted at source from the Assessing Office in the Mumbai Income Tax Department
7. Register with Mumbai Shops and Establishment Act, 1948
8. Register for Value Added Tax (VAT) before the Sales Tax Officer of the ward in which the company is located
9. Register for Profession Tax
10. Register with Employees’ Provident Fund Organization (EPFO)
11. Register with ESIC (for medical insurance)
A new business enterprise, after deciding upon its location needs to set up the basic infrastructural facilities for commencing its operations. This includes purchasing a land for the construction. The site must be well connected to the nearest transport network i.e. rail, road or port. Besides, the availability of basic amenities like water, power supply is equally essential. In addition, setting up of a good telecom facility for the industry is necessary for its growth and expansion.
Once an entrepreneur has taken all the important decisions related to starting a business, he/she has to take into account the basic regulatory requirements, which are to be followed for setting up the organization. The most important regulation is the Companies Act, 2013, which regulates all the affairs of a company. It contains provisions relating to the formation of a company, powers and responsibilities of the directors and managers, raising of capital, holding company meetings, maintenance and audit of company accounts, powers of inspection and investigation of company affairs, reconstruction and amalgamation of a company and even winding u of a company. The Ministry of Corporate Affairs is primarily concerned with administration of this act as well as other allied acts, rules and regulations framed there-under.
The next important regulation relates to environment. The environmental regulatory requirements envisage a wide legislative framework covering every aspect of environment protection like air, water, noise, forest conservation, wildlife protection, etc. In addition, separate set of laws and rules for emission of hazardous wastes have been created. The Ministry of Environment and Forests (MoEF), is the nodal agency for regulating all such environmental aspects. It undertakes conservation and survey of flora, fauna, forests and wildlife; prevention and control of pollution; afforestation and regeneration of degraded areas. Every industry has to abide by all such guidelines and parameters for environmental protection because only this will ensure its sustainable progress and growth.
APIMS INDIA PRIVATE LIMITED is bringing Experience, Expertise and Network to grow and create wealth in " Sunrise State " Andhra Pradesh.