Indian Subsidiary Company - Overview
Subsidiary Company is defined as the company if which a parent body or Foreign company owns minimum 50 % of the entire share capital. The company which holds the control over the Parent company of the Subsidiary company is called Parent Company or Holding Company. The over all control over subsidiary company belongs to parent company.
Indian Market is the one of Largest Fast growing market. Hence many foreign investors always have an eye on utilizing the Indian market. Any Entity formed outside India or any foreign national can own the power to registrar Indian Subsidiary company.
Indian Subsidiary company must have at least one Indian Director residing in india & a foreign director. Subsidiary company Should obey the laws of India Government. The parent company in Foreign is always considered a Separate legal entity. The Directors & Members have limited liability. The Directors & Members personal assists & Properties will not be at risk in case of any financial distress or loss in company
Documents Required For Registration
- PAN Card A valid Pan card for Directors and members.
- Identity Proof of Members and Directors, such as aadhar card and Voter ID/ Passport/ Driving License.
- Address Proof of Members and Directors, such as the latest Telephone Bill /Electricity Bill/ Bank Account Statement.
- Passport, Address & ID proof Foreign national To be issued by Indian Consulate.
- Digital Signature certificate and Directors Identification number Apply DSC & DIN
- Business Address Proofs such as latest Electricity Bill/ Telephone Bill of the registered office address
- NOC or No Objection Certificate to be obtained from the owner(s) of registered office
- Rent Agreement is needed if the registered office is a rented place.
Process To Register
- Applying for Digital Signature Certificate or DSC.
- Applying for the Director Identification Number or DIN
- Checking name availability and Applying for the name availability.
- Drafting of MoA, AoA
- Applying for the PAN and TAN of the registering company
- Certificate of incorporation will be granted by RoC with PAN and TAN
- Opening a current account on the company name in an authorized bank
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