doing business in india by pradnya desh desh international and business law
TRANSCRIPT
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Doing Business in India
By Pradnya DeshDesh International and Business Law
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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
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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
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Federal System• Constitution
• Supremacy• Separation of powers• Independent judiciary
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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
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Legal environment for business• Multiplicity of procedures• Bureaucratic delays in business
registration• Viewed as excessive and
burdensome• The trend is toward simplification
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FDI in India• Prohibited in some sectors• Automatic route• Government approval route
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Ease of Doing Business
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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.
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Companies Act• Amended in 2014• New amendments in Parliament• Goal of improving business
climate for SMEs