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Indian subsidiary

{Suitable for foreign companies intending to do business in India}

59000 onwards (applicable statutory government fees + applicable stamp duty as per respective state stamp act extra)

Establishing an Indian subsidiary is one of means by which a foreign company can set up its business presence in India. It acts as an Indian subsidiary of foreign company. Private limited form of company is preferred choice of foreign companies desirous of setting up their business footprint in India.

 

 

Meaning

A foreign company can incorporate a company in India to carry out its business activities. Generally, foreign companies incorporate wholly owned subsidiaries in India i.e. company in which entire shares are held by the foreign company.

Remittance received by the Indian subsidiary from foreign holding company is subject to foreign direct investment (FDI) guidelines issued by Government of India.

Such a company carries on the same business as that of the parent entity, earns income, pays taxes and is required to maintain separate accounts and get them audited every year.

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Features

  • minimum 2 members required to incorporate
  • minimum 2 directors required
  • capital/ funds are received as FDI
  • registered with MCA
  • shares are held by foreign company
  • one resident director required
  • filings required with RBI

Remittance

An Indian subsidiary company may receive Foreign Direct Investment under the two routes-

Automatic route

FDI is allowed under the automatic route without prior approval either of the Government or the Reserve Bank of India in all activities/sectors which are specified in the FDI policy issued by Government of India.

Government route

FDI in activities not covered under the automatic route requires prior approval of the Government.

The Indian company having received FDI either under the Automatic route or the Government route is required to comply with provisions of the FDI policy including reporting the FDI to the Reserve Bank.

 

Package Inclusions

DIN for 2 directors

DSC for 2 directors

name Search & Approval

MOA & AOA

government approval, if required

company registration

statutory fees

Documents required

  • certificate of incorporation of foreign holding company
  • MOA & AOA of foreign holding company
  • 2 latest passport size photographs of every member/ director
  • copy of self-attested PAN card of resident director
  • copy of Address Proof (Passport, Driving License, Utility bill, Bank account statement) of every member/ director duly certified by Indian Embassy in country of holding company or must be notarized by a notary
  • copy of Identity Proof (Passport, any government issued license or registration containing a photo) of every member/ director with present address
  • certified translation of documents required in case not in english
  • registered office address proof - Electricity Bill/Telephone Bill/other utility bill along with Rent Agreement/ ownership proof of proposed registered office
  • NOC from landlord (we will provide the format)
  • other documents as may be required

Registration process

The process of registration of Indian subsidiary of a foreign company will take time depending upon the correct and proper documents received and time taken by the respective ROC to incorporate the company. We will start the process once we receive the payment and correct documents. Once registration is complete and full payment is made, we will send you all the documents including certificate of incorporation.

The process of registration of Indian subsidiary of a foreign company will include

Knowing- Indian subsidiary of a foreign company

Note :-

  • Timeline starts from receipt of complete and accurate documents/ information
  • Timeline is subject to MCA site up and working
  • For every extra member/ director over 2, charges will be INR 2,000 extra per person
  • Stamp duty varies from state to state
  • Extra charges will apply for an early turnaround

 

Legal Dost is your best mate that every business needs. At every stage of process, we are always there for you. If you are interested in quality work at an affordable price, Legal Dost is your destination. We will enable you to sail your venture in right direction.