The document describes the proposed Micronesia-Federated States of India Trade and Investment Promotion Group (MITIPG). MITIPG will promote trade, commerce, investment, and economic cooperation between India and Micronesia-Federated States. Unlike other trade organizations, MITIPG will provide basic services to its estimated 40,000 members without fees. Initially, MITIPG will be funded by sponsors, but will become self-sustaining over time by earning success fees. MITIPG will include stakeholders from governments, businesses, entrepreneurs, experts, and interest groups from both countries. It will facilitate international trade and provide advisory support for investments between India and Micronesia-Federated States.
The Bay de Noc Community College Model United Nations Club traveled to Boston for the 55th Annual Harvard National Model United Nations Conference, February 12-15, 2009.
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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2. The Micronesia- MITIPG, unlike MITIPG will have MITIPG will
mandate to MITIPG will render include wide
Federated States other Trade all basic services to
Bodies, Associat promote mutually range of Stake
of-India Trade & beneficial
the estimated
Holders
Investment ions, Group or Trade, Commerce,
40,000 members
Promotion Group Chamber, will without any including
(MITIPG) will be have exclusive
charges, apart from Federal & State
Investment, Indus the Token Initial Governments of
an International focus on trial Entrance Fees.
India &
Organization for Micronesia- Collaboration, Eco While initially major
Micronesia-
promoting Trade Federated nomic funding for MITIPG
& Investment Cooperation, Busi will come from Federated States
States of-India Patrons & Sponsors of, Businesses &
between India Cross Border ness to Business
& People to in long term MITIPG Entrepreneurs, E
and Micronesia- Partnership at will sustain itself by
xperts &
People
Federated States the Grass Root Partnerships at
earning Success
Common
of. Fees.
Levels. The Local Level. Interest Groups.
3. Facilitate Promote Foreign Bolster A Trade- Provide Advisory and
International Trade Investment Between Investment Support to In-
Between India & India & Micronesia- Infrastructure thru Bound/Out Bound
Micronesia- Federated States of Multi/Bi – Lateral Investments
Federated States of Partnerships
Build Cross Boarder Power Business Create Collaborative Guide Businesses to
Bridge Between Success Through Multi-Dimensional Operate Successfully
Businesses and Information Think Tank and and Profitably in
Entrepreneur Dissemination Support Network Foreign Country
Play Proactive Role Support Enhanced
Provide Buyers in Policy Formation Exchanges Thru
Virtual Access To The and Trade Events, Delegations
Respective Markets Regulations and Knowledge
Events
4. ADVICE Commercial, Economic, Cultural, Regional, Social, Legal, Technical, Political Issues
CONSULTING Business, Policy, Trade, Market, Tariffs, Barriers, Finance, Industry, Regulations, Law
FACILITATION Licensing, Incorporation, Corporate Affairs, Business Travel & Permits, Taxation, Investment
RESEARCH Economy, Sectors, Markets, Prospects, Competition, Products, Vendors, Partners
EVALUATION Due-Diligence, Feasibility, Credit Worthiness, Risks, M&A/JV Opportunities
APPROVALS Registrations, Patents & Trade Marks, Environment, FDI, Products, Standards
NEGOTIATION Contracts, Agreements, Business Terms, Prices, Technology Transfers, IPR
BUSINESS DEV Partner Identification, Match Making, Virtual Market Access, Networking, Opportunities
LIAISON Federal Government & Departments, Local Government, Chambers, Associations
INVESTMENTS Cross Border Fund Management, Investment Planning, ECBs, M&A, Multilateral Funding
EVENTS Exhibitions, Training, Seminars, Road Shows, Delegations, Visits, Awards
5. INDIA ADVISORS
FEDERAL GOVERNMENTS -
ACADEMIC INSTITUTIONS &
INDIA & MICRONESIA-
RESEARCH FACILITIES
FEDERATED STATES OF
STATE & LOCAL
CONSULTANTS & EXPERTS
MITIPG GOVERNMENTS
COMMON INTEREST GROUPS INDUSTRY ASSOCIATIONS &
& THINK TANKS CHAMBERS OF COMMERCE
PUBLIC SECTOR
LARGE, MEDIUM AND SMALL
UNDERTAKINGS/ORGANIZATI
ENTERPRISES
ONS
6. Grant Official Partner Status executed by Memorandum of Understanding with mandate to represent Micronesia- Federated States
offor Trade and Investment facilitation.
Nominate at least one dedicated official from embassy for efficient coordination and single window information sharing. Provide access
to trade, policy, law, business and investment facilitation information.
Preferential participation in Trade Facilitation programs and activities undertaken by Micronesia- Federated States ofin India and
inclusion of one of India Advisors’ representative (Incumbent CEO of organization) as Trade Advisor to HE Ambassador of Micronesia-
Federated States ofto India.
Provision to recommend business visit visa applications to expedite process (expenses towards verification and due diligence to be
charged to applicant). Allow participation in trade delegations as official representative.
India Advisors will execute all the activities at no cost basis however will seek support in promotion of Micronesia- Federated States ofat
local/national level by providing content and sponsorships (partial/sharing/full basis as per mutually agreeable terms) for
• Quarterly Magazine about Micronesia- Federated States of
• Annual Seminar
• Bilateral Trade Delegations
• Advertisement and Marketing
IndiaOther Suitable Events request reimbursement of actual travel/stay/visa cost
• Advisors will also from Embassy of Micronesia- Federated States offor travel
undertaken on request of Embassy/Government of Micronesia- Federated States ofor pre-approved by Embassy of Micronesia-
Federated States of.
8. AN ENABLER INDIA ADVISORS is A Focus India Group
A FACILITATOR Initiative to promote mutual prosperity
between India and its trading partners by
A CONTRIBUTOR facilitating bilateral trade and investment.
INDIA ADVISORS facilitates organizations in
A HELPER leveraging The Opportunity, called India.
Working closely with India focused
A PROBLEM-SOLVER organizations, INDIA ADVISORS provides
insights related to Policy, Business, Economy,
A GROWTH CATALYST Trade, Markets, Sectors and Investing in India
11. INDIA, today, is an established land of opportunities acting as Credible
Business Partner, Preferred Investment Destination, Rapidly Growing
Market, Provider of Quality Business Infrastructure and Unprecedented
High Growth Economy.
“We came to “The Indian
By 2032, India market has two “India has
India for the core advantages - India has
costs, stayed for will be among evolved into among the
the three an increasing one of the
the quality and presence of highest
are now largest world's leading returns on
economies in multinationals technology
investing for and an upswing in foreign
innovation”. the world. centers“. investment.
the IT exports”.
Dan Scheinman, Cisco BRIC Report, Travyn Rhall, Craig Barrett A T Kearney & US
System Inc. Goldman Sachs ACNielsen Intel Corporation Department of Commerce
12. 4TH LARGEST
5000 YEAR CIVILIZATION, A NATION WITH ECONOMY WITH GDP
VAST DOMESTIC MARKET, LARGEST MIDDLE- OF $3.526 TRILLION WORLDS
HUGE POTENTIAL MARKET CLASS 300 MILLION, GROWING @ 8.8%
OF YOUNG AND ANNUALLY. LARGEST
AMBITIOUS POPULATION, 2ND LARGEST
•Exporting products and
IMMENSE WORKFORCE 467 services worth $177 Billion DEMOCRACY
MILLION POPULATION •Importing products and
TECHNOLOGICAL & services worth $287 Billion SINCE 60 YEARS
MANAGERIAL CAPABILITY. OF 1,140 MILLION •FDI inflows at record value
of $35 Billion growing at
rate of 35% annually.
13. EARLY DAYS INDIA DISCOVERED PERIOD OF RISK INDIA SHINING RETURN TO
AVERSION BUBBLE RATIONALITY
Government Combination of Internet bubble 200+investment Shrinking capital
driven venture reforms, Y2K burst caused rapid firms setup direct base causes rapid
funds like TDICI, opportunities & flight of capital or indirect decrease in
CFC, APIDC, etc. internet boom out of country operations in investments into
License Raj still drive foreign Some of the best India India
not fully investment investments Capital available However, growth
dismantled Investments reach (Naukri, Suzlon, exceeds story remains for
Family driven $1.16B in 2000 Bharti, WNS, etc.) opportunities India specific
venture funding done at this time available opportunities
$14B invested in
2007
1988 - 1996 1996 – 2000 2001 - 2003 2004 - 2008 2009 - Today
14. •325 million urban population, growing to 500 million by 2025
GROWING URBANIZATION •Driving expansion in waste and water management, energy generation, and energy efficient
products
EMPHASIS ON •Big thrust in the five year plans of the Central government
INFRASTRUCTURE CREATION •Driving demand for healthcare, energy, roads, ports, airports, etc.
GROWING CONSUMERISM •Driving growth in shopping malls, retail chains, apparel, restaurants, cars & jewelry
CORPORATIZATION OF •“ Unorganized” Mom and Pop business moving to “Organized” Corporate chains
SERVICES •Driving expansion in education, healthcare, security services, repairs/refurbishment
•“ Priority sector lending” by the Reserve Bank of India driving provision of financial services in
INCLUSIVE FINANCIAL GROWTH rural India (e.g. through Microfinance)
•Banks providing expanded Consumer financial products (home loans, education loans)
17. FASTEST GROWING
STATE OF ONE OF • Connectivity
• State with longest coastline (1,600 Km) and 41 ports.
THE FASTEST • 13 domestic airports (highest in the country) and one
GROWING WORLD international airport.
• Extensive terrestrial connectivity
ECONOMIES WITH • Road network of 74,111 Km with 98.86 %rural
connectivity through all weather roads
PROMISING • Railway network of 5,188 Km
CONSUMER • Power & Energy
• Ranks first nationwide in gas-based thermal electricity
MARKET HAVING generation
SUBSTANTIALLY • Ranks second nationwide in nuclear electricity generation
HIGH INCOME.
18.
19. Environment
Human Resource
600,000 Health
In INR Crores (10 Million) Education
500,000 Agro infrastructure
Tourism
400,000 Information Technology
Water Supply
300,000 Urban Infrastructure
Airports
200,000 Logistics
Railways
Ports
100,000
Roads
Industrial Parks
0
Energy - Gas Sector
2010 2012 2017 2020
Energy - Power Sector
21. • IS A
MARKET MANAGEMENT TRADE
BUSINESS ADVISORY
RESEARCH CONSULTING FACILITATION
• FIRM WITH EXTENSIVE EXPERIENCE AND A STRONG FOCUS ON
MARKET BUSINESS PARTNERSHIPS REGULATIONS FINANCE
STRATEGY
• MOSTLY ACQUIRED IN
T TECHNOLOGY
I INFRASTRUCTURE
S SOCIAL SECTOR
T TOURISM
I INDUSTRY
22. FIG works hand-in-hand with clients to make their business ventures in India run
better in the most profitable, efficient, practical and sensible ways possible.
FIG makes creating capturing and sustaining value by leveraging India as an integral
part to your growth.
FIG assists organization to understand vital elements of success, implementing the
right strategy and culture to achieving maximum growth in India.
Weather an organization needs fast inorganic growth or steady organic growth in
India, FIG ensure that they are designed to facilitate it.
Design and Execution, not just advice but Action and RESULTS!