Doing Business Globally

Corporate story

Looks like class notes Filler No. 1

Incorporation of Companies
As discussed in class, your first filler to enable you to work on the last assessment involves study of the following steps:
Promotion Registration Raising of capital Commencement of business

Incorporation of Companies
What we have already looked at is:
They can set up a private company Look at the MCA-21 projects Look at basic registration process by filing forms 1, 18, 32 and 32A This was part of the class discussion when we looked at mncs like Microsoft, Adobe and Google looking at operations in India

Incorporation of Companies
We said in class that you will be required to state if the following statement is correct or incorrect? Look at basic registration process by filing forms 1, 18, 32 and 32A

Incorporation of companies
What we said in class is that promoters or first directors would be like a liaison office, doing ground work before setting up operations Liaison offices primarily represent in India the parent company or group companies They involve themselves in export/import activities

Incorporation of companies
Liaison offices act like a communication channel between the parent company and the Indian company

They like we discussed the example of Ford and Toyota in class, cannot set up trading or manufacturing facilities in India

Incorporation of companies
If you are looking at the option of setting up a public company Then we said in class your options would be to first ensure that you have a certificate of commencement of business And you comply with procedural requirements for raising capital

Incorporation of Companies
We also looked at the option of pulling up money from the public Operative word was IPO, red herring prospectus, public announcement, prospectus

Coal India is what both the sections a and b said

Incorporation of Companies
So, what you will have to do is look at the Coal India example, to understand how a public announcement is made What are the requirements of a red herring prospectus And how can a prospectus then be drawn up