I am looking to create a company in India. I am not an indian citizen. Is the manager have to be an Indian citizen ? How to proceed ? Thanks.
2006-11-25 19:21:07 · 3 answers · asked by prainsant 1 in Business & Finance ➔ Small Business
I do not know how much money you want to put in. You can takeover existing profit making companies by purchasing adequate shares and in that case you can decide upon the management. But for this you have to seek the permission of the RBI and SEBI. Thanks
2006-11-25 19:27:28 · answer #1 · answered by Seagull 6 · 0⤊ 0⤋
the best suggestion is to buy an old company because it gives an added advantage to your profile that your company is not new and its around 5-10 years old company putting an impression that you are an established businessman. An 10 years old private limited company can be purchased around 20000 usd in delhi,india.
Its not necessary to have manager indian citizen but i think its always better to have a local guy at responsible position so that he can handle the ifs and buts involved in company better than you.
2006-11-26 11:11:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Well,Companies in india are controlled by the Indian Companies Act 1956.The manager need not be an indian.The procedure is little lengthy u can visit the website of registrar of companies india.
2006-11-25 19:38:41 · answer #3 · answered by professordumbledore 2 · 0⤊ 0⤋