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Company Registration in India for NRI/Foreigners

India is one of the fast-growing economies in the world today. A Non-Resident Indian (NRI) or Foreigners possesses many opportunities for investing in India. (by Private Limited Company Registration) With faster and simplified electronic submission of documents, NRI's and Foreigners are finding it convenient to start a business in India. Private Limited Company For NRI’s and Foreigners, Private Limited Company is considered to be the ideal business type to register in India. An interesting feature is that it can be started with only two shareholders and it can have a maximum of 200 shareholders. Compliances of a Private Limited Company are simpler as compared to Public limited company. One of the directors should be a resident in India for registering a company. There is no other requirement for approval from the Government or the Reserve Bank of India for foreign directors investing in a Private Limited Company. Steps for Private Limited Company Registration In order to complete the procedure below one needs to produce copies of passport and address proofs attested at their respective Indian Embassies. Name approval Reserve Unique Name (RUN) portal will allow two suggestions for proposed company names. Other section of the portal will allow viewers to check the names of already existing companies. Name approval can also be done by filing the SPICe form (INC-32). Digital Signature (DSC) A Digital Signature Certificate is an electronic copy of a directors identity. It is certified by the agencies appointed under the Information Technology Act, 2000. All the directors of the company should obtain a DSC, which will be valid for a maximum of two years. NRI’s and Foreigners are required to submit self-attested copies of their passports, which should have been notarized by the Indian embassy. Director Identification Number (DIN) Director Identification Number (DIN) is a unique number issued by the government to a person appointed as a director in a company. Every director of a company must have an 8 digit DIN. Once acquired, a DIN never expires and won’t need any further filings. DIN applications should be signed electronically by using a DSC. Self-attested passport copies and address proof should be submitted with passport photographs of the directors. SPICe form INC-32 is a detailed online form covering the application for DIN, incorporation of a company and reservation of a company name. It requires these following documents to be attached for the filing; • Memorandum of Association (MoA) • Articles of Association (AoA) • Office address proof • Copy of utility bills • Identity proof and address of all directors • Foreign directors should submit an affidavit for not having PAN • Trademark registration certificate INC-33 will provide the electronic format of the MoA which outlines the carter of the company. INC-34 will provide the electronic format where the applicants input their AoA. Incorporate your Private Limited Company with Afleo.com. We provide proper guidance and professional help to achieve your dream of starting a company. We have a team of 100+ professionals who are dedicated to helping startups and entrepreneurs.

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There is no lack of evidence to support the fact that professionals in the sales sector can achieve performances which are superior to the average professional in the field when they are provided consistent and high-quality sales coaching from their mentors or their managers. The coach assigned with the task works to create improvements in the sales performances of the professionals.

These can be seen in the form of an increase in revenue, acquiring bigger deals, attaining higher close rates, negotiation of higher margins, deeper account penetration, and selling solutions among other major factors. The sales coach does this through imparting a direction and feedback on the performance of the sales professionals, using methods which are tried and tested through analysis of hundreds of sales measurement projects with the participation of organizations from over seventy countries across the world.

To decide whether you require the help of formal sales coaching is done through inspection of the current state of your sales teams and answer some important questions. First, you need to see if the sales goals, which were penned down by you, are being left incomplete due to your sales team having a few 2nd or 3rd quality members. Try to sense if the level of motivation in your sales team is low despite the best efforts of your sales leaders. Ask yourself if you would agree that formal sales coaching can play a role in uplifting the level of performances that your sales representatives have been delivering.

Sales leaders and managers benefit a lot from the core coaching skills and tools which are provided through this coaching. These are essential when it comes to the facilitation of the development of the sales team, which they lead with the help of a consistent process. The focus of the program lies towards contribution to the high level of performance from the sales team through the creation of standards of performance in clear sales, the tools and processes required to make successful sales.

This is accompanied by regular constructive feedback to the sales team for improving the methods and their efficiencies as they work on the development and monitor their sales plans for improvement in their performances. The workshop works for developing the optimal sales strategies, imparting the required knowledge as skills for your professionals and increase the engagement of your sales team along with their satisfaction to create a conductive environment for higher performances.

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