{"id":169,"date":"2019-06-05T06:58:46","date_gmt":"2019-06-05T06:58:46","guid":{"rendered":"http:\/\/raaas.com\/blog\/?p=169"},"modified":"2024-03-12T12:12:54","modified_gmt":"2024-03-12T06:42:54","slug":"wholly-owned-subsidiary-in-india-by-foreign-company","status":"publish","type":"post","link":"https:\/\/raaas.com\/blog\/wholly-owned-subsidiary-in-india-by-foreign-company\/","title":{"rendered":"Wholly Owned subsidiary in India by foreign company"},"content":{"rendered":"<p><strong>Wholly owned subsidiary in India<\/strong> by the foreign company via the FDI Route is that the simplest way to enter into Indian Markets,<\/p>\n<p>Foreign Direct Investment Rules in {India|India|Republic of India|Bharat|Asian country|Asian nation} ar a lot of liberalized and it\u2019s terribly straightforward to open a wholly owned Subsidiary in India by a foreign company<\/p>\n<p>India could be a Land of Opportunities and untapped potentials with a population of over one.3 billion folks and numeration.<\/p>\n<p>The entry Hub states in India are Mumbai. Delhi, Bangalore, Hyderabad for setting up wholly owned Subsidiary in India by a <a href=\"http:\/\/raaas.com\/Registration_Of_Foriegn_Companies.php\"><strong>foreign company<\/strong><\/a>.<\/p>\n<p><a href=\"http:\/\/raaas.com\/registration-of-limited-liability-partnership.php\"><strong>Company Registration<\/strong><\/a> 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<\/p>\n<p>It usually takes three to ten Workings days to finish the corporate registration method in India.<\/p>\n<p>If you want to invest in growing a growing potential and interested in conducting<strong> business in India<\/strong>, you need to you establish your company\u2019s legal presence in India by registering your business as a private limited company (Wholly Owned subsidiary in India by foreign company )<\/p>\n<p><strong>How to register a Wholly Owned subsidiary in India by a foreign company?<\/strong><br \/>\nForeign 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 )<\/p>\n<p>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.<\/p>\n<p><strong>Wholly Owned Subsidiary in India to be Registered as Private Limited Company Registration<\/strong><br \/>\nCompanies 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<\/p>\n<p><strong>Steps for forming a Private <\/strong><strong>Wholly Owned Subsidiary in India Company Registration (Foreign company registration ):<\/strong><br \/>\nRegistering a private limited company requires a support of CA\/CS\/Lawyer as the legal procedures are involved in it, it\u2019s a complicated process but do not worry our team of experts will take care of these issues<\/p>\n<p><strong>Step1:<\/strong> Apply RUN ( Reserve Unique Name Form ) (Name Availability)<\/p>\n<p><strong>Step2:<\/strong> Obtain DSC and Form SPICE INC-32 (E Form used for Company Registration)<\/p>\n<p><strong>Step3:<\/strong> Drafting of MOA &amp; AOA (Physical\u00a0 Copy is used in Indian subsidiary Registration)<\/p>\n<p><strong>Step4:<\/strong> PAN and TAN Application Along with Form SPICE INC -32 (E Form used for Company Registration)<\/p>\n<p><strong>Step5:<\/strong> After completion of the above-mentioned process of company registration, RoC Issues Certificate of Incorporation<\/p>\n<p><strong>Step 6:<\/strong> Apply for GST Registration and Labour Law Compliance Incense such as ESI\/PF in eForm AGILE 35 and obtain GST and PF\/ESI Registration<\/p>\n<p><strong>Step 7:<\/strong> 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.<\/p>\n<p><strong>Documents required for Private Limited Wholly Owned Subsidiary in India by foreign Company<\/strong><br \/>\n<strong>Where director\/subscriber is a foreign National<\/strong><\/p>\n<ul>\n<li>Passport ( Notarised or Apostle in their country) and counter attested by Indian embassy<\/li>\n<li>No Pan Declaration and counter attested by Indian embassy)<\/li>\n<li>INC -9<\/li>\n<li>Address proof: Driving license, Residence card,\u00a0 Government issued a form of identification containing an address<\/li>\n<li>Copies of utility bills ( Telephone Bill or Bank Statements) that are not older than two months ( Compulsory for incorporation of companies)<\/li>\n<li>Additional Documents required for Foreign Holding Company<br \/>\nBoard Resolution for Investment in India<br \/>\nIncorporation Certificate of Foreign holding Company<br \/>\nINC 9 Declaration in the name of the company<br \/>\nAll KYC document of Authorised Signatory<\/li>\n<\/ul>\n<p>NOTE: ALL THE ABOVE MENTIONED DOCUMENTS MUST BE NOTARIZED AND APOSTLE BY INDIAN EMBASSY<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/raaas.com\/contact.php\"><strong>INQUIRE NOW<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s terribly straightforward to open a wholly owned Subsidiary in India by a foreign company India &hellip;<\/p>\n","protected":false},"author":1,"featured_media":170,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[55,58,57,56,54],"class_list":["post-169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-document-require-for-private-limited-company","tag-how-to-register-a-wholly-owned-subsidiary-in-india-by-a-foreign-company","tag-steps-for-company-registration","tag-steps-for-forming-a-private-wholly-owned-subsidiary-in-india","tag-wholly-owned-subsidiary-in-india-by-foreign-company"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wholly Owned subsidiary in India by foreign company - Blog | Chartered Accountant in India<\/title>\n<meta name=\"description\" content=\"Wholly Owned subsidiary in India by foreign company - Blog | 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