|
Hiring staff and workers
Trained managerial, professional and technical staff, as well as
skilled and unskilled workers are available in India at competitive
emoluments. Managerial and supervisory jobs are usually filled
through advertisements in the print media, campus recruitment and
hiring consultants. For hiring workers, companies advertise locally,
go to industrial training schools or contract local employment
exchanges. Appointing auditors of accounts, internal auditors and
company secretary is required in most cases, through it is not a
pre-investment condition.
Hiring of Foreign Nationals
Indian firms/companies may engage the services of foreign nationals
(including non-residents of Indian nationality/origin). Applications
for remittance of remuneration to foreign nationals should be made
by Indian companies to authorised dealers. While allowing the
remittance, authorised dealers are required to verify that:
- The total duration of
engagement of foreign nationals by the applicant firm or company
does not exceed twelve man-months in a calendar year.
- The amount of remittance sought
for is in accordance with the terms of contract entered into by
the applicant company with the foreign national.
- The services of the foreign
national are not covered either by any foreign collaboration
agreement entered into by the Indian company or under any
warranty obtained providing for deputation of the foreign
nationals without any remuneration or any payment during the
warrant period. If the period of engagement of a foreign
national exceeds three months at a time, prior clearance is
required from the Ministry of Home Affairs as well as approval
from the RBI.
|
