Archive by category | – Prashanth Bagali

Registering a company in Malaysia

Registering a company in Malaysia

My last post discussed the biotech landscape in Malaysia. Now I want to talk about setting up a company there. Malaysians can register sole proprietorship firms and co-operatives, partnership firms, private limited and public limited companies with the Companies Commission of Malaysia (CCM). However, foreigners cannot set up sole proprietorship or partnerships in Malaysia, unless they have permanent residency (PR) or have availed citizenship under the “Malaysia My Second Home” (MM2H) program. There is no restriction on maximum shareholding, meaning that foreigners can own 100% of a private limited company. However, it is mandatory to apply to the Foreign Investment  … Read more

Indian documentation, part II

Indian documentation, part II

In a previous blog post I wrote about incorporation and the different activities related to ROC (Registrar of Companies) and preparing Memorandum of Association (MOA) and Articles of Association (AOA) for the proposed company. MOA and AOA should be filled in the applicant’s handwriting, and the applicant must be one of the directors or registered company secretary. The applicant must, in the presence of a witness, mention their full name, their father’s name, occupation, residential address, number of shares subscribed for, etc. If you’re a foreigner, your approved document for proof of identity and residency is your passport. For a  … Read more

India ‘fixated’?

India 'fixated'?

I recently read this article, which suggests that collaborations between India and Brazil are being held back because India prefers to partner with others – namely countries in the West. It prompted some thinking on my part. From the Indian perspective, collaborations and partnerships are entirely different concepts. But the common thing in both concepts is ‘trust and understanding’ among the parties involved in such agreements or team work. In India, the growth of science, technology and innovative research are almost always independent of political relationships and turmoil. Central and state governments facilitate fellowships and allocate budgets to research centres  … Read more

Registering a company in India

Registering a company in India

Biotech companies in India have witnessed a huge growth over the past decade, and the future is bright with the emerging economic and liberalization policies. Growth in the customer base has drastically supported aggressive investments in the biotech sector. Indian biotech industry is expected to be valued at $75 billion -$90 billion by 2020. The high demand for biotech products has also allowed foreign companies to set up bases and reap great profits. Public-private partnerships and strong support from Indian government have boosted the biotech industry to greater heights. You can read many market survey reports and studies carried out by different companies about the opportunities in India, but you’ll need to plan thoroughly and read comprehensively about India and Indian culture before exploring opportunities in the subcontinent.  Read more