FAQ

Qn 1. Will the companies be able to deliver the quality services on time, keeping in mind the start up venture?

Ans. The companies are knowledge based, values-driven and managed by highly acclaimed, academically distinguished, experienced and dedicated group of professionals, such as, Master Mariners, Chief Engineers, Management Graduates, Technocrats, Economists, Chartered Accountants, Medical Doctors, IT Professionals, Executives and Instructors etc having rich and diversified experience in their respective fields.

The dedicated and professional team has been handpicked to look after highly demanding and well deserving customers like you.

Qn2. Can you offer “All India” services, as you are pre-dominantly Mumbai based?

Ans. Internet has excelled beyond the expectations in communications and has transformed the earth into a global village. One can communicate in a fraction of second with a person who is sitting in the other part of the world.

Ecommerce has become a phenomenon associated with, almost anything and everything, and with its giant tentacles engulfing every single product and service, makes the services available at your door steps.

Qn3. Why is there so much of attention on "Education, Training and Development" besides normal "Commercial Activities" in your Companies?

Ans. The Companies accepts the role of a "Corporate Citizen" in order to fulfill "Corporate Social Responsibilities" and "obligations" of paying back to the Society at large through "Education, Training and Development" besides ensuring the 'forward' and ‘backward’ integration of the complex business activities in the consultancy and as solutions provider in the Maritime, Shipping, Logistics, Supply Chain Management, Transportation, Freight Forwarding, NVOCC, Ports and other service related industries.

Qn4. What are the forms in which business can be conducted by a foreign company in India?

Ans. A foreign company planning to set up business operations in India may: Incorporate a company under the Companies Act, 1956, as a Joint Venture or a Wholly Owned Subsidiary.

Set up a Liaison Office / Representative Office or a Project Office or a Branch Office of the foreign company which can undertake activities permitted under the Foreign Exchange Management (Establishment in India of Branch Office or Other Place of Business) Regulations, 2000.

Qn5. What is the procedure for receiving Foreign Direct Investment (FDI) in an Indian company?

Ans. On April 1, 2010, the Government of India gave effect to a consolidation exercise by locating all policies relating to FDI in a single document known as the Consolidated FDI Policy. It is not a static policy and will require review every six months. An Indian company may receive FDI under the two routes as given under :

i. Automatic Route:

FDI up to 100 per cent is allowed under the automatic route in several activities / sectors.

FDI in sectors /activities to the extent permitted under the automatic route does not require any prior approval either of the Government or the Reserve Bank of India (RBI).

ii. Government Route:

FDI in activities not covered under the automatic route requires prior approval of the Government which are considered by the Foreign Investment Promotion Board (FIPB), Department of Economic Affairs, Ministry of Finance.

Indian companies having foreign investment approval through FIPB route do not require any further clearance from the Reserve Bank of India for receiving inward remittance and for the issue of shares to the non-resident investors.

Qn6. What are the Prohibited Sectors for FDI?

Ans. Atomic energy , railway transport, lottery, agriculture, retail trading, plantation, Nidhi companies , real estate, manufacturing cigars, cigarettes: NO FDI except to extent indicated above.