Any company which is incorporated in India and owned by a foreign company is known as an Indian Subsidiary. The process of registering an Indian subsidiary is governed under the provisions of Companies Act, 2013. When a foreign company owns and controls majority stake/shareholding or control in the company incorporated in India, then it is called an Indian subsidiary company.Minimum Requirement for Indian Subsidiary registration:
A minimum number of two Directors who are adults.
One of the Directors of a Indian Subsidiary company has to be an Indian Citizen and Indian Resident.
The other director(s) can be a Foreign National.
It is also required to have two shareholders of a company.
The shareholders can be natural persons or an artificial legal entity.
Foreign Direct Investment can be understood as a form of direct or indirect investment made by a foreign company in an India registered private limited company. The foreign company acquires or subscribes shares of an Indian company. However, the government has changed the policy requirements for FDI in India. Prior approval will be required from the government if an investment is coming from a country that shares land borders with India. However, no such approval is required in other cases.
No minimum capital limit is prescribed for an Indian subsidiary Company in India. And the capital can always be altered at any stage as per the growth requirements of the company. This implies that it can be formed without any share capital. The funds necessary for carrying the business operations can be brought, later, in the form of donations and/or subscriptions from members and the general public.
An Indian subsidiary company is an entity having separate legal identity and it may own property on its own name and can sue and be sued through its own name.
Permanent Account Number (PAN) Card
Aadhaar Card / Passport / Driving License / Voter Identity Card- Duly apostilled in case of foreign nationalAddress Proof
Telephone Bill / Mobile Bill/ Electricity Bill / Water Bill/ Bank Statement /Bank Passbook with latest transaction- Duly apostilled in case of foreign national.
*(Any one of the Document not older than 2 months)Passport size Photographs
All the Copies of documents must be Self-Attested by the applicant and should be apostilled in case of foreign national.
Telephone Bill / Mobile Bill/Electricity Bill / Bank Account Statement must be in the name of applicant and should not be older than 2 months.
In case of NRI or Foreign National, documents of director (s) must be apostilled.
No-Objection letter from the Owner of Address to use the address of the registered office of the Company.
Address Proof – In the name of the Owner:
Electricity Bill, Telephone Bill (Fixed Line Only), Gas Bill or Water Bill (Not older than 2 months);- To be signed by the of the Owner of Premises.
Rent Agreement (if rented)
Select a suitable package.
Provide basic details & documents required for Incorporation.
Make Payment through Secured Payment GatewayRegistration
Application for DSC.
Application for Name approval
Drafting of documents (MOA, AOA, DIR-2, Declarations, Projections, etc)Registered on MCA*
Issuance of COI, PAN, TAN by MCA.
*Company will be registered within 9-12 working days subject to the MCA processing and approval.
Provide basic details & documents required for registration.
Application for DSCs.
Name approval application through Spice part A.Day 4-6:
Drafting of DocumentsDay 7:
Filing company registration applicationDay 9-12:
MCA processing time
Issuance of PAN, TAN, COI