Process of Registration by Taxhub
Upload the basic Documents
Choose your Requisite plan and pay the Fees
Taxhub apply for DSC and file RUN for name approval
Taxhub file Requisite Form with MOA and AOA
Get your Indian Subsidiary Registration Docket
Minimum Statutory Requirements
- For Incorporation of the company minimum two directors are required and from that two at least one should be Indian Resident.
- The Holding Foreign Company must hold at least 50% of the Total shareholding of Indian Company.
- An Indian Subsidiary must have minimum two shareholder and that shareholder can be an Individual, Body Corporate or a combination of both.
- All documents of foreign origin and those executed in a foreign territory need to be legalized by way of attestation by Indian high commission or through apostille in terms of Hague Convention.
What is Indian Subsidiary of Foreign Company?
Any company that is owned by a foreign company is known as an Indian Subsidiary. The Companies Act,2013 governs the registration process for the Indian Subsidiary Company. Whether the proposed Indian entity is an independent company or a wholly-owned subsidiary, the process of incorporation of a company shall remain the same. The shareholding of the Indian Company can be held by a foreign national or foreign entity, subject to the FDI norms in India. Companies Act, 2013 requires that a Private Limited Company have a minimum of two shareholders and a maximum of two hundred shareholders. Since, Reserve Bank of India allows 100% FDI in many of the sectors in India under the automatic route, the process for ownership of shares of an Indian Company by a Foreign National or Foreign Entity is simple.
A foreign subsidiary company is any company, where 50% or more of its equity shares are owned by a company that is incorporated in another foreign nation. The said foreign company in such a case is called the holding company or the parent company.
Indian Subsidiary of Foreign Company Registration Process in India
Registering a business in India is a very quick and online process. India is a land of infinite opportunities and skilled workforce as one would agree. Starting a business in India and Investing was never so easy, cheap and quick. One can start a wholly owned Indian subsidiary anywhere in India. There are no state-specific laws to register your business in India. There is only one central law that governs the Indian Subsidiary Set up across India. All you need a resident Indian director (not necessarily a shareholder but can be an employee!) and a rented (virtual) place of office to get going. 100% ownership, strategic decision -making and control of operations rest with your parent company always.
- Acquire the Digital Signature Certificate
- Application for DIN of Director
- Application for approval of Private Limited Company Name.
- Application for Incorporation of Public Limited Company through E Form.
- Issue of Certificate of Incorporation.
Basic Documents Required
- Copy of Pan Card of Partners (Mandatory)
- Copy of any one i.e Aadhar Card, Voter ID, Passport and Driving License (As Identity Proof)
- Copy of any one i.e. Bank Statement/Electricity/Telephone (As Residence Proof)
- Director Passport Size Colour Photograph (Scan Copy)
- Apostille ID proof of all Foreign Directors (Passport/Driving License/Voter ID)
If Property is owned by any Director or shareholder
- Copy of Sale Deed of the Property
- Copy of any one utility bill i.e. Electricity/Telephone/Gas/Water/Mobile
- NOC from the Owner (Taxhub will provide a draft copy)
Shareholder:-
- Copy of Rent Agreement
- Copy of any one utility bill i.e. Electricity/Telephone/Gas/Water/Mobile
- NOC from the landlord (Taxhub will provide a draft copy)
$499/-
All Inclusive Fees
| Two DSC, Two DIN |
| Authorized Capital of ₹10,00,000/- |
| Draft & Execute MOA/AOA |
| Certificate of Incorporation |
| Share Certificate |
| Business Commencement |
| Obtain Firm PAN/TAN |
| Assistance in opening of Bank Account |
| GST Registration |
* In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7550 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.15,025 will be applicable. In case of Kerala, an additional stamp duty of Rs.3025 will be applicable.
$699/-
All Inclusive Fees
| Two DSC, Two DIN |
| Draft & Execute MOA/AOA |
| Certificate of Incorporation |
| Share Certificate |
| Business Commencement |
| Obtain Firm PAN/TAN |
| Assistance in opening of Bank Account |
| GST Registration |
| MSME (Aadhar Udyog Registration) |
| Book Keeping for 1 Year |
| Income Tax Return Filing |
| ROC Annual Compliances |
| One Year Support by Team Manager |
* In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7550 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.15,025 will be applicable. In case of Kerala, an additional stamp duty of Rs.3025 will be applicable.
$999/-
All Inclusive Fees
| Two DSC, Two DIN |
| Draft & Execute MOA/AOA |
| Certificate of Incorporation |
| Share Certificate |
| Business Commencement |
| Obtain Firm PAN/TAN |
| Assistance in opening of Bank Account |
| GST Registration |
| MSME (Aadhar Udyog Registration) |
| Book Keeping for 1 Year |
| Income Tax Return Filing |
| ROC Annual Compliances |
| One Year GST Return Filing (GSTR 1 & GSTR 3B) |
| One Year Support by Team Manager |
| Trade Mark Registration |
* In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7550 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.15,025 will be applicable. In case of Kerala, an additional stamp duty of Rs.3025 will be applicable.
Benefits of Indian Subsidiary of Foreign Company Registration in India
It is very easy to incorporate Indian Subsidiary Company in India. As the concept of ‘zero fees’ for Private Limited Companies has now been introduced by the Government. The incorporation procedure has also been made easy by the Government.
No minimum capital is required to form a Indian Subsidiary Company. A Private Limited Company can be registered with a mere sum of Rs. 10,000 as total Authorized Share capital.
Perpetual Succession means the company shall continue to exist even if the member dies or ceases, etc. Changes within the management does not bring any affect onto the identity of the company, the Company will remain the same with same privileges, immunities, estates and possessions. A company has ‘perpetual succession’, that is continued or uninterrupted existence until it is legally windup.
Indian Subsidiary Company gives the advantage of limited liability to entrepreneurs whereby the liability of the member will be limited to the unpaid subscription money. In other words, the liability of the members of a company is limited only to the extent of the face value of shares taken up by them. Therefore, where a company is limited by shares, the liability of the members on a winding-up is limited to the amount unpaid on their shares.
A company under the respective conveyance law can purchase properties in India. This is an add-on benefit for the Indian subsidiaries.
In Indian Subsidiary Company FDI is allowed 100% without any prior permission However it requires posts facto filing/intimation to the Reserve Bank of India.
Shares of a company are movable property and thus can be transferred like any other property. A public company can freely transfer its shares, but there are some restrictions.
The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted.
