The principal forms of doing business in India are the limited liability company (public company or private company); limited liability partnership (LLP); partnership firm; association of persons; representative office, branch office, project office or site office of a foreign company; and trust. Foreign investors may adopt any recognized form of business enterprise. The limited liability company is the most widely used and the most suitable form for a foreign direct investor. Joint ventures also are popular. The formation, management and dissolution of limited liability companies is governed by the Companies Act 1956 (Companies Act), which is administered by the.
