Wholly Owned subsidiary in India by foreign company
Wholly owned subsidiary in India by the foreign company via the FDI Route is that the simplest way to enter into Indian Markets,
Foreign Direct Investment Rules in {India|India|Republic of India|Bharat|Asian country|Asian nation} ar a lot of liberalized and it’s terribly straightforward to open a wholly owned Subsidiary in India by a foreign company
India could be a Land of Opportunities and untapped potentials with a population of over one.3 billion folks and numeration.
The entry Hub states in India are Mumbai. Delhi, Bangalore, Hyderabad for setting up wholly owned Subsidiary in India by a foreign company.
Company Registration method has created straightforward and simple once government improved simple doing business, you want to rent a CA (Chartered Account) or Cs (Company Secretary) for obtaining the method done
It usually takes three to ten Workings days to finish the corporate registration method in India.
If you want to invest in growing a growing potential and interested in conducting business in India, you need to you establish your company’s legal presence in India by registering your business as a private limited company (Wholly Owned subsidiary in India by foreign company )
How to register a Wholly Owned subsidiary in India by a foreign company?
Foreign nationals/ Foreign Companies can form a company in India through any of entry strategy mentioned below (India Subsidiary Registration)Wholly Owned Subsidiaries ( 100% Indian Subsidiary )
Section 2(42) of the Companies Act, 2013, defines a foreign company as a company or a body corporate incorporated outside India and which has a place of business whether by itself or through an agent, in this country.
Wholly Owned Subsidiary in India to be Registered as Private Limited Company Registration
Companies Act 2013 governs the registration of Private limited companies which lays down the procedure for registering and managing a company and its affairs, Ministry of corporate affairs through www.mca.gov.in which is its E-Portal manages the compliance under the companies act and all company formation related formalities must be done through this e portal
Steps for forming a Private Wholly Owned Subsidiary in India Company Registration (Foreign company registration ):
Registering a private limited company requires a support of CA/CS/Lawyer as the legal procedures are involved in it, it’s a complicated process but do not worry our team of experts will take care of these issues
Step1: Apply RUN ( Reserve Unique Name Form ) (Name Availability)
Step2: Obtain DSC and Form SPICE INC-32 (E Form used for Company Registration)
Step3: Drafting of MOA & AOA (Physical Copy is used in Indian subsidiary Registration)
Step4: PAN and TAN Application Along with Form SPICE INC -32 (E Form used for Company Registration)
Step5: After completion of the above-mentioned process of company registration, RoC Issues Certificate of Incorporation
Step 6: Apply for GST Registration and Labour Law Compliance Incense such as ESI/PF in eForm AGILE 35 and obtain GST and PF/ESI Registration
Step 7: Open Bank Account to receive Subscription Money and file for FC GPR for Allotment of Shares to RBI and Issue Share Certificate to the subscribers.
Documents required for Private Limited Wholly Owned Subsidiary in India by foreign Company
Where director/subscriber is a foreign National
- Passport ( Notarised or Apostle in their country) and counter attested by Indian embassy
- No Pan Declaration and counter attested by Indian embassy)
- INC -9
- Address proof: Driving license, Residence card, Government issued a form of identification containing an address
- Copies of utility bills ( Telephone Bill or Bank Statements) that are not older than two months ( Compulsory for incorporation of companies)
- Additional Documents required for Foreign Holding Company
Board Resolution for Investment in India
Incorporation Certificate of Foreign holding Company
INC 9 Declaration in the name of the company
All KYC document of Authorised Signatory
NOTE: ALL THE ABOVE MENTIONED DOCUMENTS MUST BE NOTARIZED AND APOSTLE BY INDIAN EMBASSY