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May 21, 2022
Information on What is Indian Subsidiary & Documents required for Indian Subsidiary Registration
In this blog there will be detailed information on what is Indian Subsidiary, documents required for Indian subsidiary registration and other information on registration of Indian Subsidiary. One can start a wholly-owned Indian subsidiary anywhere in India. There are no state-specific laws. There’s only one central law that governs Indian Subsidiary set up across India. All you need is a resident Indian director (not necessarily a shareholder but can be an employee) and a rented (virtual) place of work to begin with operations. 100% ownership, strategic decision making and control of operations rest with your parent company at all times.
A Foreign National or an entity incorporated outside India can invest and register a Company in India by acquiring shares of the company, subject to the FDI Policy of India. Once operations are started, repatriation of funds is easy and quick.
Table of Content
What is Indian Subsidiary
The Indian subsidiary company is one whose interests are owned, controlled, or controlled by another company. The holding company and subsidiary company relationship can be determined using the preference share capital and paid-up equity share capital of the subsidiary company. It can be wholly or partially owned by another corporation. It’s worth noting that the parent company or holding company that owns the subsidiary is referred to as a parent company or holding company. A holding company, on the other hand, differs slightly from a parent company.
Benefits of Indian Subsidiary Registration
- By registering an Indian Subsidiary, employees will feel secure in joining the private limited company, vendors will feel secure in providing credit, investors will feel secure in investing, and customers will sense trust and confidence in a brand when purchasing company products or services.
- Directors and members of a private limited business are only liable for their shares. This means that if the company experiences a loss or is in financial difficulties as a result of its principal business activities, the personal assets of its owners, members, and directors will not be confiscated by banks, creditors, or the government.
- In India, foreign direct investment is permitted in all business activities and industries without prior authorization. However, foreign direct investment is not permitted in proprietorships or partnerships, and LLPs require prior government clearance.
- The potential of expansion is greater since it is easier to raise cash from venture capitalists, financial institutions, and angel investors, as well as the benefits of less liability and more transparency.
Here’s a list of required documents for Indian Subsidiary
- Photograph of all the Directors and shareholders
- PAN Card of all the Indian Directors and shareholders
- Apostille ID Proof of all the Directors (Driving License/Passport/Voter ID)
- Electricity Bill or any other utility bill for the address proof of the Registered Office
Conclusion
The Companies Act of 2013 has complete authority over the registration of the Indian subsidiary company. A subsidiary company, according to the Companies Act 2013, is a foreign corporation or a parent body that owns at least 50% of the total share capital. The subsidiary must follow the laws of the country in which it intends to establish itself.
Indian Subsidiary Registration
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