Company Registration ( Formation / Incorporation/ Setup) in Assam, India
Get professional consultancy for Company Setup and registration Services in Assam 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 formation in Assam we also provide company conversion services, Foreign direct invest (FDI) assistance, NRI tax and business consultancy etc.
We have assisted more than 100 companies in places such as Cachar Nagaon, Dhubri, Sonitpur, Barpeta, Kamrup, Dibrugarh, Karimganj, Morigaon, Golaghat etc. Assam state has got abundant water resources and has got huge tracts of land that is fertile. The state of Assam is also the third-largest producer of petroleum and natural gas in India. There are also sufficient reserves of limestone in the state. The other potential areas which are viable for investment include power and energy, mineral-based industries, tourism, Tea, coal, agriculture, horticulture, food processing and crude oil refining.
Current prices indicate that the Gross State Domestic Product (GSDP) of the state of ASSAM was at US$ 27 billion in years 2013-2014 while the average annual GSDP growth rate between 2004 and 2005 to 2013-2014 was 13.2%.
The state of Assam has adopted various policies that are conducive to investors to attract investments and spur industrial growth. The major areas being focused include IT, tourism, and power sector. There are also several other initiatives like North East Industrial and Investment Promotion Policy (NEIIPP) 2007 and also the Industrial and Investment Policy 2014.
Need Quick and Reliable Online Private Limited Company Incorporation, Fresh Company Registration, New Co. Formation and Business Set-up Services anywhere in Assam, India: Top Company Formation Experts, Best Indian Chartered Accountants (CPA), Reliable Company Experts, Renowned Consulting Company, National level Advisors / Consultants of Assam - Ask Companysetupindia.com, a unit of GKS Consulting Private Ltd.
We provide Following Services anywhere in Assam, 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 Assam | Forming Corporation in Assam | 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 Assam | Companies Act | Business Entities in Assam |Government Approvals for Investing in Assam for Foreign Investors | Entry Strategies & Tax Planning in Assam for Foreign Investors | Foreign Investment in Assam Sector wise Guide | Doing Business in Assam - Free Guide for Foreign Companies Doing Business with Assam | Registering Trademarks in Assam |Registering Patent in Assam | Copy Right | Tax Rates in Assam | Process Serving in Assam.
About: Assam is a state in Northeast India, situated south of the eastern Himalayas along the Brahmaputra and Barak River valleys. Assam covers an area of 78,438 km2 (30,285 sq mi). The state is bordered by Bhutan and the state of Arunachal Pradesh to the north; Nagaland and Manipur to the east; Meghalaya, Tripura, Mizoram and Bangladesh to the south; and West Bengal to the west via the Siliguri Corridor, a 22 kilometres (14 mi) strip of land that connects the state to the rest of India.
The indigenous people traditionally include ethnic groups like Tai Ahom people,Tai Khamti people,Tai Turung people,Tai Aiton people, Tai Phake, Koch Rajbongshi, Sonowal Kacharis, Rabha, Chutias, Kalitas, Meitei people, Keot (Kaibarta), Bodo people, Tea tribes, Tiwa, Mech Kachari, Thengal-Kacharis, Sarania Kacharis, Deoris, Doms/Nadiyals, Assamese Brahmins (including Ganaks), Assamese Muslims (particularly Goria, Moria, Deshi communities), Assamese Sikhs, Bengali people and Assamese Christians speaking Assamese or any other tribal dialect of Assam as their mother tongue.
Assam is known for Assam tea and Assam silk. The state has conserved the one-horned Indian rhinoceros from near extinction, along with the wild water buffalo, pygmy hog, tiger and various species of Asiatic birds, and provides one of the last wild habitats for the Asian elephant. The Assamese economy is aided by wildlife tourism to Kaziranga National Park and Manas National Park, which are World Heritage Sites. Sal tree forests are found in the state which, as a result of abundant rainfall, look green all year round. Assam receives more rainfall than most parts of India; this rain feeds the Brahmaputra River, whose tributaries and oxbow lakes provide the region with a hydro-geomorphic environment.
Major Towns of Assam: Baksa (Mushalpur), Barpeta, Biswanath(Biswanath Chariali), Bongaigaon, Cachar (Silchar), Charaideo(Sonari), Chirang (Kajalgaon), Darrang (Mangaldai), Dhemaji, Dhubri, Dibrugarh, Dima Hasao (Haflong), Goalpara, Golaghat, Hailakandi, Hojai, Jorhat, Kamrup Metropolitan (Guwahati), Kamrup(Amingaon), Karbi Anglong(Diphu),Karimganj, Kokrajhar, Lakhimpur (North Lakhimpur), Majuli, Morigaon, Nagaon, Nalbari, Sivasagar, Sonitpur (Tezpur), South Salmara-Mankachar(Hatsingimari), Tinsukia, Udalguri, West Karbi Anglong(Hamren)
Economy of Assam: Assam's economy is based on agriculture and oil. Assam produces more than half of India's tea. The Assam-Arakan basin holds about a quarter of the country's oil reserves, and produces about 12% of its total petroleum. According to the recent estimates, Assam's per capita GDP is 6,157 at constant prices (1993–94) and 10,198 at current prices; almost 40% lower than that in India. According to the recent estimates,per capita income in Assam has reached 6756 (1993–94 constant prices) in 2004–05, which is still much lower than India's.
Macro-Economy: The economy of Assam today represents a unique juxtaposition of backwardness amidst plenty. Despite its rich natural resources, and supplying of up to 25% of India's petroleum needs, Assam's growth rate has not kept pace with that of India; the difference has increased rapidly since the 1970s. The Indian economy grew at 6% per annum over the period of 1981 to 2000; the growth rate of Assam was only 3.3%. In the Sixth Plan period, Assam experienced a negative growth rate of 3.78% when India's was positive at 6%. In the post-liberalised era (after 1991), the difference widened further.
According to recent analysis, Assam's economy is showing signs of improvement. In 2001–02, the economy grew (at 1993–94 constant prices) at 4.5%, falling to 3.4% in the next financial year. During 2003–04 and 2004–05, the economy grew (at 1993–94 constant prices) at 5.5% and 5.3% respectively. The advanced estimates placed the growth rate for 2005–06 at above 6%. Assam's GDP in 2004 is estimated at $13 billion in current prices. Sectoral analysis again exhibits a dismal picture. The average annual growth rate of agriculture, which was 2.6% per annum over the 1980s, has fallen to 1.6% in the 1990s. The manufacturing sector showed some improvement in the 1990s with a growth rate of 3.4% per annum than 2.4% in the 1980s. For the past five decades, the tertiary sector has registered the highest growth rates of the other sectors, which even has slowed down in the 1990s than in the 1980s.
Employment: Unemployment is one of the major problems of Assam which can be attributed to overpopulation, and a faulty education system. Every year, large numbers of students obtain higher academic degrees but because of non-availability of proportional vacancies, most of these students remain unemployed. A number of employers hire over-qualified or efficient, but under-certified, candidates, or candidates with narrowly defined qualifications. The problem is exacerbated by the growth in the number of technical institutes in Assam which increases the unemployed community of the State. Many job-seekers are eligible for jobs in sectors like Railways and Oil India but don't get these jobs because of the appointment of candidates from outside of Assam to these posts. The reluctance on the part of the departments concerned to advertise vacancies in vernacular language has also made matters worse for local unemployed youths particularly for the job-seekers of Grade C and D vacancies.
Reduction of the unemployed has been threatened by illegal immigration from Bangladesh. This has increased the workforce without a commensurate increase in jobs. Immigrants compete with local workers for jobs at lower wages, particularly in construction, domestics, Rickshaw-pullers, and vegetable sellers.The government has been identifying (via NRC) and deporting illegal immigrants. Continued immigration is exceeding deportation.
Agriculture: In Assam among all the productive sectors, agriculture makes the highest contribution to its domestic sectors, accounting for more than a third of Assam's income and employs 69% of workforce. Assam's biggest contribution to the world is Assam tea. It has its own variety, Camellia sinensis var. assamica. The state produces rice, rapeseed, mustard seed, jute, potato, sweet potato, banana, papaya, areca nut, sugarcane and turmeric.
Assam's agriculture is yet to experience modernisation in a real sense. With implications for food security, per capita food grain production has declined in the past five decades. Productivity has increased marginally, but is still low compared to highly productive regions. For instance, the yield of rice (staple food of Assam) was just 1531 kg per hectare against India's 1927 kg per hectare in 2000–01 (which itself is much lower than Egypt's 9283, US's 7279, South Korea's 6838, Japan's 6635 and China's 6131 kg per hectare in 2001). On the other hand, after having strong domestic demand, and with 1.5 million hectares of inland water bodies, numerous rivers and 165 varieties of fishes, fishing is still in its traditional form and production is not self-sufficient.
Flood in Assam greatly affects the farmers and the families dependent on agriculture because of large-scale damage of agricultural fields and crops by flood water. Every year, flooding from the Brahmaputra and other rivers deluges places in Assam. The water levels of the rivers rise because of rainfall resulting in the rivers overflowing their banks and engulfing nearby areas. Apart from houses and livestock being washed away by flood water, bridges, railway tracks and roads are also damaged by the calamity, which causes communication breakdown in many places. Fatalities are also caused by the natural disaster in many places of the State.
Industry: Handlooming and Handicraft Continue.
Assam's proximity to some neighbouring countries such as Bangladesh, Nepal and Bhutan, benefits its trade. The major Border checkpoints through which border trade flows to Bangladesh from Assam are :- Sutarkandi (Karimganj), Dhubri, Mankachar (Dhubri) and Golokanj. To facilitate border trade with Bangladesh, Border Trade Centres have been developed at Sutarkandi and Mankachar. It has been proposed in the 11th five-year plan to set up two more Border Trade Center, one at Ledo connecting China and other at Darrang connecting Bhutan. There are several Land Custom Stations (LCS) in the state bordering Bangladesh and Bhutan to facilitate border trade.
The government of India has identified some thrust areas for industrial development of Assam:
- Petroleum and natural gas-based industries
- Industries based on locally available minerals
- Processing of plantation crops
- Food processing industries
- Agri-Horticulture products
- Agri-Horticulture products
- Herbal products
- Biotech products
- Chemical and plastic-based industries
- Export oriented industries
- Electronic and IT base industries including services sector
- Paper making industries
- Textiles and sericulture
- Engineering industries
- Cane and bamboo-based industries
- Other handicrafts industry
Although, the region in the eastern periphery of India is landlocked and is linked to the mainland by the narrow Siliguri Corridor (or the Chicken's Neck) improved transport infrastructure in all the three modes — rail, road and air — and developing urban infrastructure in the cities and towns of Assam are giving a boost to the entire industrial scene. The Lokpriya Gopinath Bordoloi International Airport at Guwahati, although is yet to be fully functional with international flights, was the 12th busiest airport of India in 2012. The cities of Guwahati in the West and Dibrugarh in the East with good rail, road and air connectivity are the two important nerve centres of Assam, to be selected by Asian Development Bank for providing $200 million for improvement of urban infrastructure.
Assam is a producer of crude oil and it accounts for about 15% of India's crude output,exploited by the Assam Oil Company Ltd., and natural gas in India and is the second place in the world (after Titusville in the United States) where petroleum was discovered. Asia's first successful mechanically drilled oil well was drilled in Makum way back in 1867. Most of the oilfields are located in the Eastern Assam region. Assam has four oil refineries in Digboi (Asia's first and world's second refinery), Guwahati, Bongaigaon and Numaligarh and with a total capacity of 7 million metric tonnes (7.7 million short tons) per annum. Asia's first refinery was set up at Digboi and discoverer of Digboi oilfield was the Assam Railways & Trading Company Limited (AR&T Co. Ltd.), a registered company of London in 1881. One of the biggest public sector oil company of the country Oil India Ltd. has its plant and headquarters at Duliajan.
There are several other industries, including a chemical fertiliser plant at Namrup, petrochemical industries at Namrup and Bongaigaon, Paper mills at Jagiroad, Hindustan Paper Corporation Ltd. Township Area Panchgram and Jogighopa, sugar mills at Barua Bamun Gaon, Chargola, Kampur, Cement plant at Bokajan and Badarpur, cosmetics plant of Hindustan Unilever (HUL) at Doom Dooma, etc. Moreover, there are other industries such as jute mill, textile and yarn mills, Assam silk, and silk mills. Many of these industries are facing loss and closure due to lack of infrastructure and improper management practices.
Tourism: Wildlife, cultural, and historical destinations have attracted visitors.
- Rang Ghar
- An Indian rhinoceros in Kaziranga National Park
- Statue of Ahom warriors near Sivasagar town, Assam
- Sivasagar Sivadol
- Vishnudol joysagar
- Kamakhya Temple, Nilachal Hills, Guwahati
- Karengghar of the Ahom Kings, Joysagar
- Panbari Mosque, Dhubri
Steps to Incorporate a Private Limited Company/OPC (One Person Company) anywhere in Assam