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Setting up business operations for a Asian Shipping Company

We were appointed by leading Asian Shipping Company, (which previously carried out its business in India through local agents) to assist them in establishing their business operations in India. The Asian Company proposed to set up their own outfit in India since they wanted to avoid paying heavy commissions to their agents in India.

The services our Firm provided in this connection was as follows:

• Identification of the Indian joint-venture partners for the Asian Company.

• Assistance in representing the Asian Company in negotiations with the joint-venture partner.

• Assistance in the preparation of the joint-venture agreement and other related documentation in conformity with the Indian commercial and income-tax laws.

• Incorporation of the Indian Joint Venture Company under the Indian Corporate laws for the Joint Venture.

• Advice on the exchange control implications under the Indian foreign exchange laws on the foreign investment in the joint-venture company.

• Processing of various approvals required from the exchange control authorities for setting up of the business presence in India.