SETTING UP OF BUSINESS ENTITIES AND CLOSURE- CS EXECUTIVE India opened its doors for globalization and liberalization in 1991. The Globalization of Business has become a very essential feature for any economy in the past decades. The Industrial Policy was the turning point to the Indian Economy aiming at the goal of making the economy more market- and service-oriented and expanding the role of private and foreign investment. Though there were foreign transactions before this, it was merely to conserve our foreign exchange reserve. Until 1991, India’s economic integration with the rest of the world was very limited. Exports were only the predominant way of expanding business abroad. However, the export promotion strategies had restrictions on cash outflows. Post the industrial revolution policy in 1991, it substantially changed the foreign investment policies of the country which led foreign investments to enter Indian territory. More importantly, it also made Indians eligible to
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