FORMATION OF A COMPANY - A COMPARISON BETWEEN INDIA AND JAPAN
Keywords:
Company Law, JapanAbstract
This research paper aims to compare the process of forming a company in India and Japan. Both countries have different legal and regulatory frameworks for company formation, which significantly affect the ease of doing business. The paper examines the various steps involved in the company formation process, including registration, incorporation, and compliance requirements. The study finds that India has simplified its company formation process in recent years, with the introduction of the online registration system and the elimination of the requirement for a minimum capital. However, there are still significant bureaucratic hurdles and delays in obtaining various clearances and licenses. On the other hand, Japan has a highly streamlined and efficient company formation process, with a focus on ensuring the quality and reliability of the companies. The Japanese government provides various incentives and support to encourage the formation of small and medium-sized enterprises. Overall, this paper provides a comparative analysis of the company formation process in India and Japan, highlighting the differences in their legal and regulatory frameworks and the impact of these differences on the ease of doing business.
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