How to Register a Subsidiary Company in India?

The procedure to register a subsidiary company in India

Introduction
In India you can set up the foundation of a subsidiary business. This is beneficial to companies who want to expand their operations by setting up a subsidiary business in a different nation. The process to register the subsidiary company in India is done online and does not require you to travel to India. The bank account can also be opened completely online.

A Company that is incorporated in any country is able to establish an 100% owned subsidiary company or a 100% owned subsidiary in India.
The subsidiary is distinct legal entity that owns its own assets, shares, liabilities, and shares. It is possible to establish it in India according to the Indian Companies Act, 2013.

It is important to understand that there are numerous benefits that come with setting up the company of your choice. Subsidiary Company in India such as:

• Recruitment and hiring employees to India is much easier when you have an authorized subsidiary here
• You will be in complete control over all decisions that affect the operation of your business

Method to create a fully own subsidiary firm in India
In order to establish an Indian subsidiary India You must follow these steps:

• Choose at least two persons who will be Directors of the business. The first one must be a resident Indian
• Demand digital signatures from directors
• Request the name you want to
• Create an memorandum association as well as articles of association.
• It is the Ministry of corporate affairs will issue a registration document
• The income tax department is expected to issue PAN and TAN
• Create your bank account

Conclusion
The process is relatively simple and simple for any business to establish a subsidiary in India. We hope this article will help you understand the process and the best way to begin the process of establishing your own subsidiary business in India.