In the era of globalization
and economic liberalization, whether real estate, defense manufacturing,
insurance, telecom services or banking sector; the significance of Foreign
Direct Investment has been increased manifold across the world. Presently due
to favorable FDI policy, political stability, strong economic growth, robust
domestic demand and a young workforce; India is an attractive destination for
Foreign Direct Investment (FDI).
Undoubtedly, you take every
step very deliberately before choosing a doctor for you and your family, after
all, it is matter of health that influences you to check every aspect and hire
a right doctor. Likewise, one should adopt meticulous steps before choosing an
attorney. Because you will not only share confidential information with that
person but also he/she will provide you valuable legal advice and guide you
through a situation you wouldn’t otherwise be able to navigate on your own. From
qualification and cost to the area of law and location, there are several
aspects that you need to consider before hiring the right attorney. This post
aims to impart valuable tips that will help you to hire a right attorney in India for legal services.
The foundation of a great business starts
with a great idea. The advent of technology and favorable business policies has
made the establishment of the business easier in India than before. But while
starting a business several things need to consider like managing cash flow,
hiring employees, time management, develop marketing strategies, generating
capital for business, clearing self-doubts, etc. Besides, another important
thing is legal matters related to the business.
India is a vibrating place
for doing business. After economic liberalization, the Government of India has
made business-friendly policies to boost Indian business and to fascinate
foreign entrepreneurs. Today, India’s improved business infrastructure, better
economic status, political stability, and improved ranking in ease of doing
business have opened up new avenues of opportunities for many foreign
enterprises to enter India. Foreign Direct Investment (FDI) in LLP is proving an
effective and constructive business model for international organizations to
enter India. Foreign Entrepreneurs (except Bangladesh and Pakistan) can invest
in an LLP in the form of capital contribution or by way of acquisition of
profit shares. An investor can become a partner in LLP either by contributing
to its capital or by acquiring a partnership share from an existing partner.
For the smooth functioning
of enterprises, safe and lawful enforcement audits are mandatory. Such audits
enable organizations to run their business smoothly and ensure optimal business
operations. There are numerous rules and regulations that apply to business but
despite your diligence, important issues may be overlooked. The consequence of
missing any rules and regulation is severe, that may cost your business in
penalties and litigation fees.
