0
Establishing an Indian subsidiary company involves a comprehensive series of steps and compliance measures. Below is a detailed guide outlining the step-by-step process for Indian Subsidiary Registration in India:
Determine the Type of Company: Decide on the specific type of subsidiary company you intend to establish.
Obtain Digital Signature Certificate (DSC): Since the registration process is conducted online, secure a Digital Signature Certificate (DSC) for the proposed directors of the company. This certificate is essential for electronically signing the necessary documents during the registration process.
Apply for Director Identification Number (DIN): Directors of the subsidiary company must obtain a Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA). This is achieved by submitting the DIN application online.
Name Approval: Choose a distinctive name for your subsidiary company and apply for its approval through the MCA’s online portal. Ensure that the chosen name complies with the naming guidelines provided by the MCA.
Draft Memorandum of Association (MoA) and Articles of Association (AoA): Prepare the legal documents, MoA and AoA, which delineate the company’s objectives, rules, and regulations, following the guidelines of the Companies Act 2013.
File Incorporation Documents: Once the chosen name is approved, file the incorporation documents, including MoA, AoA, and other required forms, with the Registrar of Companies (ROC) through the MCA’s online portal. The SPICe+ form is typically used for the incorporation process on the Ministry of Corporate Affairs portal.
Payment of Registration Fees: Pay the applicable registration fees to the ROC based on the authorized capital of the subsidiary company.
Obtain a Certificate of Incorporation (COI): If all submitted documents and information are in order, the ROC will issue a Certificate of Incorporation, officially confirming the registration of the subsidiary company.
Apply for Permanent Account Number (PAN) and Tax Registration: After obtaining the COI, apply for a Permanent Account Number and a Tax Deduction and Collection Account Number from the Income Tax Department for the subsidiary company.
Open Bank Account: Conclude the process by opening a bank account in the name of the subsidiary company in India.
Compliance with Other Regulations: Apart from the company registration process, ensure compliance with other relevant regulations.
Obtain a GST Number: Goods and Services Tax (GST) registration is required after completing the aforementioned steps, particularly if the company engages in various business activities. Every Indian company must apply for a GST number for taxation purposes.
Initiating Business Operations: Once all the preceding steps are completed, the subsidiary company can commence its business operations. This marks the culmination of the comprehensive process of registering and initiating operations for an Indian subsidiary company.
What else can I help you with?
Is There a Minimum Capital Requirement for Indian Subsidiary Registration?
No, India does not impose a minimum capital requirement for the registration of subsidiary companies, providing flexibility for businesses to determine their capital structure.
What is an Indian Subsidiary Company?
A sister company, also known as a subsidiary, is under the control of a parent company or holding company. The parent company possesses the authority to govern the subsidiary, whether partially or wholly. In India, the procedure for Indian Subsidiary Registration follows the guidelines of the Companies Act of 2013. As per this act, a subsidiary is characterized by a foreign corporate body or parent entity holding at least 50% of the total share capital. Essentially, the parent company wields substantial influence and control over the subsidiary.
Who can apply for CDSCO Registration in India?
Following are the applicants who can apply for online CDSCO Registration in India: 1: Indian Agents; 2: Corporates; 3: Importers; 4: Foreign Enterprises holding Indian Subsidiary.
How long does it typically take to register an Indian subsidiary online?
The registration of an Indian subsidiary online typically takes about 15-20 days, assuming all documents are in order and there are no discrepancies. The process can be expedited by ensuring that all required documents and forms are accurately completed and submitted promptly. However, the exact timeline can vary depending on the efficiency of the verification process and the workload of the Ministry of Corporate Affairs (MCA).
What are the Key Steps in Registering an Indian Subsidiary?
Establishing an Indian subsidiary company involves a comprehensive series of steps and compliance measures. Below is a detailed guide outlining the step-by-step process for Indian Subsidiary Registration in India: Determine the Type of Company: Decide on the specific type of subsidiary company you intend to establish. Obtain Digital Signature Certificate (DSC): Since the registration process is conducted online, secure a Digital Signature Certificate (DSC) for the proposed directors of the company. This certificate is essential for electronically signing the necessary documents during the registration process. Apply for Director Identification Number (DIN): Directors of the subsidiary company must obtain a Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA). This is achieved by submitting the DIN application online. Name Approval: Choose a distinctive name for your subsidiary company and apply for its approval through the MCA’s online portal. Ensure that the chosen name complies with the naming guidelines provided by the MCA. Draft Memorandum of Association (MoA) and Articles of Association (AoA): Prepare the legal documents, MoA and AoA, which delineate the company’s objectives, rules, and regulations, following the guidelines of the Companies Act 2013. File Incorporation Documents: Once the chosen name is approved, file the incorporation documents, including MoA, AoA, and other required forms, with the Registrar of Companies (ROC) through the MCA’s online portal. The SPICe+ form is typically used for the incorporation process on the Ministry of Corporate Affairs portal. Payment of Registration Fees: Pay the applicable registration fees to the ROC based on the authorized capital of the subsidiary company. Obtain a Certificate of Incorporation (COI): If all submitted documents and information are in order, the ROC will issue a Certificate of Incorporation, officially confirming the registration of the subsidiary company. Apply for Permanent Account Number (PAN) and Tax Registration: After obtaining the COI, apply for a Permanent Account Number and a Tax Deduction and Collection Account Number from the Income Tax Department for the subsidiary company. Open Bank Account: Conclude the process by opening a bank account in the name of the subsidiary company in India. Compliance with Other Regulations: Apart from the company registration process, ensure compliance with other relevant regulations. Obtain a GST Number: Goods and Services Tax (GST) registration is required after completing the aforementioned steps, particularly if the company engages in various business activities. Every Indian company must apply for a GST number for taxation purposes. Initiating Business Operations: Once all the preceding steps are completed, the subsidiary company can commence its business operations. This marks the culmination of the comprehensive process of registering and initiating operations for an Indian subsidiary company.
Indian Subsidiary?
A subsidiary company is one that is controlled and managed by another company, which can be either a parent company or a holding company.
What is the Registration procedure for service tax provider?
income tax act 1961 is provide the beneficial of the fundamental of the registration procedure for service tax provider and the cute answer submitted by me
What are the post-incorporation compliances required for an Indian subsidiary?
After incorporation, an Indian subsidiary must comply with several regulations: Open a Bank Account: In the name of the subsidiary for business transactions. Register for GST: Apply for Goods and Services Tax (GST) registration if applicable, based on the business activities. Compliance with Additional Regulations: Depending on the business nature, comply with other regulations such as the Shops and Establishment Act, professional tax, employee provident fund, and other relevant laws. Annual Filings: Submit annual returns and financial statements to the MCA as required by law.
Who was the first Indian ruler who accepted subsidiary alliance offered by Lord wellesly in 1798?
The Nizam of Hyderabad was the first to enter into this alliance
You have got your registration code for Indian idol 5 delhi auditions now how to get your audition code?
Dear Sir, I was registration for indian indol 5. but i did not get my registration code. please help me how to got registration code. Thank You Mohd. Faizan
Details of intercaste marriage registration in kerala?
what is the procedure to intercast register marriage
Where are birth registration under RBD act?
The RBD act stands for Registration of Birth and Death act 1969 this act outlines procedure and prerequisites for death and birth registration in India.
