Question

How To Register A Indian Subsidiary In India | Ebizfiling

Answer 1

Which company can be known as an Indian Subsidiary? 

 A company that is owned wholly or partly by another company is referred to as a subsidiary company. A parent company is also known as a holding company that owns the subsidiary. When a company takes over the control of the Board of Directors of a subsidiary company and owns more than 50% of the total share capital. It is defined under section 2(87)of the Companies Act, 2013.

 

Procedure for registering Indian Subsidiary by foreign nationals by Ebizfiling

 Let us discuss some easy steps followed by our experts to register a company in India by foreign nationals, which are as follows:

Step 1- Our experts connect with the person or proposed company who wishes to establish a subsidiary company in India.

Step 2- Then we ask for a few details from the person or proposed company like the number of director/ shareholders, nationality and residence, where the proposed company or person want to establish the subsidiary company, business activity, etc. along with the documents required for company registration in India to verify. Our team of experts will verify the documents provided by the proposed company and take the procedure further.

Step 3- After we get all the necessary details of the proposed company. We shall proceed with the application for a Digital Signature Certificate. A Digital Signature Certificate (DSC) is the equivalent of a physical signature in an electronic format, as it establishes the identity of the sender of an electronic document on the Internet.

Step 4- Subsequently we file the name application form. The proposed company can suggest up to two names of their choice. Names should be unique and suggestive of the company’s business. Our experts will file the name application in the Part A of the form of SPICe+ with MCA. It can be used for taking the name approval of the proposed Company and also for filing company registration in one go.

Step 5- Once the name is approved form the MCA. Post name approval of the company, draft documents like MOA, AOA of the Indian subsidiary company along with the ID and address proof of the foreign director/parent company needs to be either notarized/apostilled/consularised from the concerned authority of the particular country.

Step 6- After the legal certification of documents and DSC. We filed an application form for Indian subsidiary registration in India in the prescribed form, i.e., SPICe+ Form:

 

• Part B: In Part B of the Form Spice+, apply for the following services:

1. Incorporation

2. DIN allotment

3. PAN is required to be issued.

4. Mandatory TAN issuance

5. Mandatory issue of EPFO registration

6. Mandatory issue of ESIC registration

7. Mandatory issue of Profession Tax registration

8. Mandatory Opening of a Bank Account for the Company and

9. Allotment of GSTIN (if so applied for).

Step 7- The final step would be to open a bank account in India under the name of the new company.