Company Registration ( Formation/ Incorporation/ Setup ) in Mizoram, India
Get professional consultancy for Company Setup and registration Services in Mizoram state of India at most affordable rates. GKS Consulting has served private limited companies, public limited companies, one person companies, limited liability partnerships etc all over the country. Apart from company Setup in Mizoram we also provide company conversion services, Foreign direct invest (FDI) assistance, NRI tax and business consultancy etc.
In the state of Mizoram we have helped more than 100 companies in areas such as; Mamit, Aizawal, Kolasib, Serchhip, Champhai, Lunglei, Saiha, Lawngtlai and many other areas. The popular industries that use our services in Mizoram state are; food processing, IT, Bamboo, energy sericulture, agriculture and horticulture, tourism, and medicinal plants.
There hydroelectric power potential of Mizoram state stands at 4,500 MW. Only 0.7% of this potential has been harnessed to generate power.
The compound annual gross state product (GSDP) growth rate was 14.7% in the years between 2004-2005 and 2012-2013. The state often provides a wide range of incentives through its numerous policies. The state also provides specials incentives for promotion of export-oriented industries and other thrust sectors.
Need Quick and Reliable Online Private Limited Company Incorporation, Fresh Company Registration, New Co. Formation and Business Set-up Services anywhere in Mizoram, India: Top Company Formation Experts, Best Indian Chartered Accountants (CPA), Reliable Company Experts, Renowned Consulting Company, National level Advisors / Consultants of Mizoram - Ask Companysetupindia.com, a unit of GKS Consulting Private Ltd.
We provide Following Services anywhere in Mizoram, India: Complete solution for incorporation of New Company | Apply Name Search | How to Incorporate New Private Limited Company ? Incorporation of Pvt Ltd Co | Procedure for Incorporating a Pvt. Ltd. Co. | Where to Form a Public Limited Company ? Forming a Pub Ltd Co | Formation of Pub. Ltd. Co. | Why to Register an Indian Subsidiary ? Registering an Indian Subsidiary | Registration of Indian Subsidiary | How to make Subsidiaries ? Making of Holding Company | Why to Open a Limited Liability Partnership (LLP) ? Opening a Limited Liability Partnership | Where to open a LLP ? Setup of LLC | Set-up of LLP | Set up of LLP | Setting up of L.L.P. | Setting-up of L.L.P. | To Start a LLC PLC OPC PTE | Starting a L.L.C. | Types of Companies any where in Mizoram | Forming Corporation in Mizoram | Setting up Business by Foreign Companies |Foreign Direct Investment (FDI) | Liaison Office | Representative Office | Project Office | Branch Office | Obtaining Section 8 Company License | Certificate of Incorporation | Process and Procedure | DIN (Director Identification Number) | DSC Class One Two Three| Digital Signature Certificate | Joint Venture Company | Company Limited by Guarantee | Unlimited Company | Government Company | Nidhi Company | Mutual Benefit Company | Not for Profit Co. NGO, N.G.O.| Section 8 Company | Part IX Company | Producer Company | One Person Company | Sole Proprietorship | Partnership Firm | Cooperative Society | Charitable Trust | Body of Individual, BOI| Association of Persons, AOP |FAQ | Frequently asked questions - Companysetupindia | ROC | R.O.C. | Registrar of Companies | Corporate Laws of Mizoram | Companies Act | Business Entities in Mizoram |Government Approvals for Investing in Mizoram for Foreign Investors | Entry Strategies & Tax Planning in Mizoram for Foreign Investors | Foreign Investment in Mizoram Sector wise Guide | Doing Business in Mizoram - Free Guide for Foreign Companies Doing Business with Mizoram | Registering Trademarks in Mizoram | Registering Patent in Mizoram | Copy Right | Tax Rates in Mizoram | Process Serving in Mizoram.
About: Mizoram is a state in Northeast India, with Aizawl as its capital city. The name is derived from 'Mizo', the name of the native inhabitants, and 'Ram', which means land, and thus Mizoram means 'land of the Mizos'. Within the northeast region, it is the southernmost landlocked state, sharing borders with three of the Seven Sister States, namely Tripura, Assam and Manipur. The state also shares a 722 kilometre border with the neighbouring countries of Bangladesh and Myanmar.
Like several other northeastern states of India, Mizoram was previously part of Assam until 1972, when it was carved out as a Union Territory. It became the 23rd state of India, a step above Union Territory, on 20 February 1987, with Fifty-Third Amendment of Indian Constitution, 1986.
Mizoram's population was 1,091,014, according to a 2011 census. It is the 2nd least populous state in the country. Mizoram covers an area of approximately 21,087 square kilometres. About 91% of the state is forested.
About 95% of the current population is of diverse tribal origins who settled in the state, mostly from Southeast Asia, over waves of migration starting about the 16th century but mainly in the 18th century. This is the highest concentration of tribal people among all states of India, and they are currently protected under Indian constitution as a Scheduled Tribe. Mizoram is one of three states of India with a Christian majority (87%). Its people belong to various denominations, mostly Presbyterian in the north and Baptists in the south.
Mizoram is a highly literate agrarian economy, but suffers from slash-and-burn jhum, or shifting cultivation, and poor crop yields. In recent years, the jhum farming practices are steadily being replaced with a significant horticulture and bamboo products industry. The state's gross state domestic product for 2012 was estimated at 6,991 crore (US$970 million). About 20% of Mizoram's population lives below poverty line, with 35% rural poverty. The state has about 871 kilometres of national highways, with NH-54 and NH-150 connecting it to Assam and Manipur respectively. It is also a growing transit point for trade with Myanmar and Bangladesh.
Major Towns of Mizoram: Aizawl, Champhai, Kolasib, Lawngtlai, Lunglei, Mamit, Saiha, Serchhip.
Economy of Mizoram: Mizoram gross state domestic product (GSDP) in 2011-2012 was about ₹6,991 crore (US$970 million). The state's gross state domestic product (GSDP) growth rate was nearly 10% annually over 2001-2013 period. With international borders with Bangladesh and Myanmar, it is an important port state for southeast Asian imports to India, as well as exports from India.
The biggest contributors to state's GSDP growth are Agriculture, Public Administration and Construction work. Tertiary sector of service sector continued to have the contribution to the GSDP with its share hovering between 58 per cent and 60 per cent during the past decade.
As of 2013, according to the Reserve Bank of India, 20.4% of total state population is below poverty line, about same as the 21.9% average for India. Rural poverty is significantly higher in Mizoram, with 35.4% below the poverty line compared to India's rural poverty average of 25.7; while in urban areas of Mizoram, 6.4% are below the poverty line. Mizoram has a highly literate work force, with literacy rate of nearly 90% and widespread use of English. The state has a total of 4,300 kilometres of roads of which 927 kilometres are high quality national highways and 700 kilometres of state highways. The state is developing its Kolodyne river for navigation and international trade. Mizoram's airport is at the capital city of Aizawl. The state is a power deficit state, with plans to develop its hydroelectric potential. After agriculture, the major employer of its people include handloom and horticulture industries. Tourism is a growth industry. In 2008, the state had nearly 7,000 registered companies. The state government has been implementing Special Economic Zones (SEZs) to encourage economic growth.
Agriculture: Between 55% to 60% of the working population of the state is annually deployed on agriculture. The sector's contribution to the gross state domestic product was 30% in 1994, just 14% in 2009 due to economic growth of other sectors.
Agriculture has traditionally been a subsistence profession in Mizoram. It is seen as a means for generate food for one's family, ignoring its potential for commerce, growth and prosperity. Rice remains the largest crop grown in Mizoram by gross value of output. Fruits have grown to become the second largest category, followed by condiments and spices.
Jhum Practice: Before 1947, agriculture in Mizoram predominantly used to be slash-and-burn driven Jhum cultivation. This was discouraged by the state government, and the practice has been slowly declining. A 2012 report estimates the proportion of shifting cultivation area in Mizoram to be about 30% - predominant part of which was for rice production (56% to 63% depending on the year). Despite dedicating largest amount of labour, jhum cultivated and non-jhum crop area to rice, the yields are low; Mizoram average rice yields per acre is about 70% of India's average rice yield per acre and 32% of India's best yield. Mizoram produces about 26% of rice it consumes every year, and it buys the deficit from other states of India.
The crop area used for jhum cultivation rotates in Mizoram; that is, the area slashed and burnt for a crop is abandoned for a few years and then jhumias return to slash and burn the same plot after a few years of non-use. The primary reasons for cyclical jhum cultivation includes, according to Goswami et al. personal, economic, social and physical. Jhum cultivation practice offers low crop yields and is a threat to the biome of Mizoram; they suggest increased government institutional support, shift to higher income horticultural crops, assured supply of affordable food staples for survival as means to further reduce jhum cultivation.
Horticulture: In horticulture and floriculture, Mizoram is a significant producer and global exporter of Anthurium (over 7 million a year) and roses. It is also a significant producer and domestic supplier of banana, ginger, turmeric, passion fruit, orange and chowchow. Mizoram has accomplished this horticulture success and exports in 2009, with just 6% of its cultivated land dedicated to horticulture and floriculture, indicating a large potential for further growth and economic integration with other Indian states as well export driven economy. In 2013, the area dedicated to horticulture and floriculture increased to 9.4% of 1.2 million hectares potential.
The agricultural productivity is very low in Mizoram. The state gets a lot of rain, but its soil is porous and irrigation infrastructure very inadequate; this has affected it crop yield and reliability. The yield issue that can be addressed by building irrigation infrastructure and adoption of better crop technologies. The state also has very low consumption of fertiliser and pesticides, which scholars suggest offers an opportunity for organic farming particularly of vegetables and fruits.
Forestry, Fisheries and Sericulture: Mizoram is one of the leading producers of bamboo in India, has 27 species of bamboo, and supplies 14% of India's commercial bamboo. Forest products contribute about 5% to the state's gross product. The state produces about 5200 metric tonnes of fish a year, about 12% of potential that can be sustainably achieved. Sericulture is an important handicraft industry engaged by nearly 8,000 families in over 300 Mizo villages.
Industry: Mizoram faces difficulties in the advancement of industries. Lack of transport infrastructure is one of the major drawbacks. Other problems faced by the state includes shortage of electricity, capital, telecommunication and export market access. Mizoram has two industrial estates at Zuagtui and Kolasib. Another software technology park is being established in Mizoram University campus. The state government has acquired 127 acres of land in Khawnuam for development of the Indo-Myanmar border trade township.
Education Infrastructure: The first primary school was set up in 1898 at Aizawl by Christian missionaries. The state has long enjoyed higher literacy rates than average literacy rates for India. In 1961, the literacy was 51%. By 2011 census, it had reached 92%, compared to 74% average for India. Mizoram is second only to Kerala.
There were 3,894 schools in Mizoram as of 2012. Of these, 42% are publicly owned and managed by Central/State governments, 28% are private without government subsidies, 21% are private with government subsidies, and the rest are primary and middle schools that are government financed by run by three Autonomous District Councils of Mizoram. The teacher-pupil ratio is about 1:20 for primary, 1:9 for middle School, 1:13 for high, and 1:15 for higher secondary schools.
There are several educational establishments under the umbrella of the Ministry of Education, including universities, colleges and other institutions. Within Mizoram University, there are 29 undergraduate departments including 2 professional institutions affiliated with the university. The state had 22 other colleges, and the total college enrolment was approximately 10,600 students in 2012. Other well known institutes are National Institute of Technology Mizoram, ICFAI University, Mizoram, College of Veterinary Sciences & Animal Husbandry, Selesih, Aizawl, Mizoram and Regional Institute of Paramedical and Nursing Aizawl.
Energy Infrastructure: Mizoram is not self-sufficient in power. In 2012, the state had a demand for 107 MW of power, but had an effective installed capacity of only 29.35 MW. To bridge the gap, it purchased electricity from the national grid.
Of the total installed power generation capacity, all 29.35 MW came from hydel. The state also has 22.92 MW of thermal power and 0.50 MW of Diesel generating set as of March 2012. The thermal and diesel generating stations were kept on standby mode owing to their high cost of operation, and because it was cheaper to buy the power from the national grid than to operate these standby units.
The hydroelectric power potential of Mizoram was assessed to be about 3600 MW in 2010, and about 4500 MW in 2012. If even half of this is realised, the state could supply all its citizens and industry with 24/7 electricity, as well as earn income by selling surplus power to the national grid. The topography of Mizoram hydroelectric resources is ideal for power projects. The following rivers are suited for hydel projects with minimal impact on its biosphere - Tuivai, Tuivawl, Tlawng, Tut, Serlui, Tuirial, Kolodyne, Tuichang, Tuipui, Tiau and Mat. Beyond the major rivers, Mizoram has many small but perennial streams and rivulets with ideal condition for developing micro/mini and small hydroelectric projects. The state has proposed projects to attract private investments on Build, Own, Operate and Transfer (BOOT) basis with financial assistance in rehabilitating its citizens were they to be affected by the project. The largest proposed project is expected to be on Kolodyne (460 MW), and there are dozens of small to micro projects that have been identified.
By 2014, the state had signed memorandums to build and add 835 MW of electricity generation projects - Tuivai SHP with VGF (210 MW) in Champhai district, Kolodyne-II SHP with NHPC (460 MW) in Siaha district, Bairabi with Sikaria Power (80 MW) in Kolasib district, Tuirini with SPNL (38 MW) in Aizawl district, and Tuivawl with SPML as well (42 MW) in Aizawl district.
Transport Infrastructure: The state is the southern most in India's far northeast, placing Mizoram in a disadvantageous position in terms of logistical ease, response time during emergencies, and its transport infrastructure. Prior to 1947, the distance to Kolkata from Mizoram was shorter; but ever since, travel through Bangladesh has been avoided, and traffic loops through Assam an extra 1,400 kilometres to access the economic market of West Bengal. This remoteness from access to economic markets of India is balanced by the state's closeness to southeast Asian market and its over 700 kilometres of international boundary.
Road Network: In 2012, Mizoram had a road network of around 8,500 kilometres (5,300 mi) including unsurfaced village roads to surfaced national highways; and there were 106,000 registered motor vehicles. The village roads are primarily single lane or unmetalled tracks that are typically lightly trafficked. Mizoram had 871 kilometres of national highways, 1,663 kilometres of state highways and 2,320 kilometres of surfaced district roads. All of Mizoram's 23 urban centres and 59% of its 764 villages are connected by all weather roads. However, landslide and weather damage to these roads is significant in parts. The State is connected to the Indian network through Silchar in Assam through the National Highway 54. Another highway, NH-150 connects the state's Seling Mizoram to Imphal Manipur and NH-40A links the State with Tripura. A road between Champhai and Tiddim in Burma has been proposed and is awaiting co-operation from the Burmese authorities.
Airport: Mizoram has an airport, Lengpui Airport (IATA: AJL), near Aizawl and its runway is 3,130 feet long at an elevation of 1,000 feet. Aizawl airport is linked from Kolkata – a 60-minute flight. Inclement weather conditions mean that at certain times the flights are unreliable. Mizoram can also be reached via Assam's Silchar Airport, which is about 200 kilometres (120 mi) (around 6 hours) by road to Aizawl.
Railway: There is a rail link at Bairabi railway station but it is primarily for goods traffic. The nearest practical station to Mizoram is at Silchar in Assam. Bairabi is about 110 kilometres (68 mi) and Silchar is about 180 kilometres (110 mi) from the state capital. The Government is now planning to start a broad gauge Bairabi Sairang Railway connection for better connectivity in the state.
Helicopter: A Helicopter service by Pawan Hans has been started which connects the Aizawl with Lunglei, Lawngtlai, Saiha, Chawngte, Serchhip, Champhai, Kolasib, Khawzawl, Mamit and Hnahthial.
Water Ways: Mizoram is in the process of developing water ways with the port of Akyab Sittwe in Burma along its biggest river, Chhimtuipui. It drains into Burma's Rakhine state, and finally enters the Bay of Bengal at Akyab, which is a popular port in Sittwe, Burma. The Indian government considers it a priority to set up inland water ways along this river to trade with Burma. The project is known as the Kaladan Multi-modal Transit Transport Project. India is investing $103 million to develop the Sittwe port on Burma's northern coast, about 160 kilometres (99 mi) from Mizoram. State Peace and Development Council of Burma has committed $10 million for the venture. The project is expected to be complete in 2015, and consists of two parts. First, river Kaladan (or Kolodyne, Chhimtuipui) is being dredged and widened from the port at Sittwe to Paletwa, in Chin province, adjacent to Mizoram. This 160 km inland waterway will enable cargo ships to enter, upload and offload freight in Paletwa, Myanmar; this is expected to be complete in 2014. As second part of the project, being constructed in parallel, includes a 62 km two-lane highway from Paletwa (also known as Kaletwa or Setpyitpyin) to Lomasu, Mizoram. Additionally, an all weather multilane 100 km road from Lomasu to Lawngtlai in Mizoram is being built to connect it with the Indian National Highway 54. This part of the project is slated to be complete by 2015. Once complete, this project is expected to economically benefit trade and horticulture exports of Mizoram, as well as improve economic access to 60 million people of landlocked northeast India and Myanmar.
Tourism: Visitors to Mizoram are required to obtain an 'inner line permit' under the special permit before visiting. Domestic and international visitors face different requirements.
Domestic Tourists: The state requires Inner Line Pass. This is available from the Liaison Officer, Government of Mizoram in Kolkata, Silchar, Shillong, Guwahati and New Delhi. Those arriving by air can obtain a 15-day visit pass at Lengpui airport, Aizawl by submitting photographs and paying the fee of 120 (US$1.70).
International Tourists: Almost all foreign nationals can also get visitor pass on arrival, and face the same requirements as domestic tourists. However, they additionally have to register themselves with state police within 24 hours of arrival, a formality that most resorts can provide. Citizens of Afghanistan, China and Pakistan and foreign nationals having their origin in these countries are required to get the pass through the Indian consulate or from the Ministry of Home Affairs in New Delhi, before they arrive in Mizoram.
Mizoram is a place with flora and fauna rich landscape and pleasant climate. The tourism ministry regulates the maintenance and upgrade of tourist lodges throughout the state. The state is a bird watcher's destination. For Mrs. Hume's pheasant (Syrmaticus humiae), Mizoram is a stronghold. Wild water buffalo, Sumatran rhinoceros, elephants and other mammals have been spotted in the past.
Steps to Incorporate a Private Limited Company/OPC (One Person Company) anywhere in Mizoram