Hi Dear Advisers,
I am working in an MNC and my companies director have started a new business it is registered in US but not in India he want me to appoint people in India. I am not able to understand which letter head should I use or what to do.
Please advise me
Thanks
Yogyata
From India, Bangalore
I am working in an MNC and my companies director have started a new business it is registered in US but not in India he want me to appoint people in India. I am not able to understand which letter head should I use or what to do.
Please advise me
Thanks
Yogyata
From India, Bangalore
Dear Yogyata
You may use the letter head with the registered office address of USA.
As the company has not started their operations in India ,nor do they have a office in India, it would be better that you do not employee people as employees but as Consultants. A letter stating their consultant status with the company and their compensation and benefit also their roles and responsibilities to the respective people
The company may also enter into a MoU with the so called consultants, assuring them that they will be absorbed by the company as soon as the company fulfills the required statutory provisions (only if the need arise, need the MoU needs to be worked out between your Bosses company and the employee).
As matter of precaution the jurisdiction in case of any issue arise can be kept as both India and USA, with primary cause for any legal case of action arising at India.
By doing the following procedure, the company can evade temporarily Company law complication also to a certain extend it would be easy for your Boss to wind up business if the same doesn't do well, as all the employee employed with company would be consultants
This procedure is applicable only for Top and middle level management cadre people and not for staff, and if something similar has to be worked out for staff, then a different approach has to be adopted.
Hope this solves your query
Thank You
Octavious
From India, Mumbai
575You may use the letter head with the registered office address of USA.
As the company has not started their operations in India ,nor do they have a office in India, it would be better that you do not employee people as employees but as Consultants. A letter stating their consultant status with the company and their compensation and benefit also their roles and responsibilities to the respective people
The company may also enter into a MoU with the so called consultants, assuring them that they will be absorbed by the company as soon as the company fulfills the required statutory provisions (only if the need arise, need the MoU needs to be worked out between your Bosses company and the employee).
As matter of precaution the jurisdiction in case of any issue arise can be kept as both India and USA, with primary cause for any legal case of action arising at India.
By doing the following procedure, the company can evade temporarily Company law complication also to a certain extend it would be easy for your Boss to wind up business if the same doesn't do well, as all the employee employed with company would be consultants
This procedure is applicable only for Top and middle level management cadre people and not for staff, and if something similar has to be worked out for staff, then a different approach has to be adopted.
Hope this solves your query
Thank You
Octavious
From India, Mumbai
Hi Dear Advisers,
I am working in an Private company and have started a new IT business it is registered in Australia but not in India we want to appoint or hire people in India. I am not able to understand which procedure should I use or what to do.
Please advise me
Thanks
HARGAGAN
From Australia, Oakleigh
I am working in an Private company and have started a new IT business it is registered in Australia but not in India we want to appoint or hire people in India. I am not able to understand which procedure should I use or what to do.
Please advise me
Thanks
HARGAGAN
From Australia, Oakleigh
IF you want to enter Indian market and need an established entity in market we can help you check us out at www.tekinfoway.com
From India, Hyderabad
From India, Hyderabad
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
Company Profile.ppt
Company Profile Letter - Global Risk Management Services.pdf