Subsidiary Company Registration in India

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Know More About Subsidiary Corporation Registration in India

It is possible to incorporate the Subsidiary Company as either a Private Limited or Public Limited company. The majority of Subsidiary Companies are private limited companies, and the Subsidiary Company is a company owned by or under the control of the parent or holding company. In general, NRIs and foreign nationals who wish to execute their projects with lower overheads and costs register their companies in India as subsidiary companies to maintain control. The majority of IT companies are as Subsidiary Company Registration in India. Such companies include Google India Private Limited, Oracle India Private Limited, and Microsoft India (R&D) Private Limited. Shareholders of subsidiary companies will have limited liability to the extent of their share capital, similar to shareholders of private limited companies in general.

The Central Registration Center (CRC), Manesar, Haryana, regulates Company Registration on behalf of each state’s Registrar of Companies, Ministry of Corporate Affairs, Government of India. Companies are governed by the Companies Act of 2013. According to the Hague Convention, India must obtain an Apostille when exchanging documents for business purposes, and India is a member of this convention. For instance, the United States is a member of the Hague Convention. 

Suppose a US National, US Company, or NRI citizen of the United States wishes a subsidiary company registration or average Private Limited Company in India. In that case, he/she/it must obtain the required apostille documents. Business Setup in India instructs you on how to get these documents with an Apostille and provides sample copies for your reference.

The Government of India announced on 26th January 2018 that there is no incorporation fee for companies with an Authorized Share Capital of up to Rs. 1,000,000/- (Rupees Ten Lakhs), which has since been increased to Rs. As usual, the remaining fees apply, including Name Availability, Stamp Duty, Permanent Account Number (PAN), and Tax Deduction and Collection Account Number (TAN).

Foreign nationals and Non-Resident Indians who wish to execute their projects at lower overheads/costs ,their best option is doing Subsidiary Companies Registration in India to maintain control.

Registration of Businesses in India vs. Abroad:

In India, businesses are registered as Private Limited Companies (PVT LTD), Limited Companies (LTD), and Limited Liability Partnerships (LLP). In contrast, in western nations, companies are registered as LLCs, Incs, PJSCs, and GMBCs, and limited liability is the same regardless of the entity’s name.

The Subsidiary Company Registration in India is conducted entirely online, and Business Setup in India is the right team for you if you are planning on setting up company in India. Register your business with us online today, and you’ll be on your way to operating a registered company within twenty working days.

Minimum Requirements to register a Company:

DirectorsTwo Directors
ShareholdersTwo Shareholders
Minimum Authorized Share CapitalRs.2
Minimum Paid-up Share CapitalRs.2
  •  
  • Required two directors and two shareholders. Directors and shareholders may be the same, and they must be majors. The director must be a natural person, whereas the shareholder may be a corporation. One of the directors must be a Native American resident.
  • Authorized Share Capital is the maximum share capital that can be invested in a company.
  • Paid-up Share Capital is the maximum amount of Share Capital that can be deposited into the company's bank account.
Directors Documents
    1. Directors PAN
    2. Directors ID Proofs
      Aadhaar Card or Voter ID or Passport or Driver's License
    3. Directors Address Proofs:
      Latest one month Savings Bank statement or
      Latest Telephone Bill on his own name or
      Latest Moblie Bill on his name or
      Latest Power Bill on his own name.
    4. Directors latest passport size photograph
    5. Directors Email ids
    6. Directors Mobile Numbers linked with their Aadhar
    7. Incase of Foreign direcrtors, International Passport is mandatory
Company Documents
  1. Registered Office Address Proof: Latest Power Bill
  2. No-objection letter from the Landlord.
  3. Rental Agreement from the landlord if the premises are rented.
  4. Company email id.

Benefits of a subsidiary company Registration are:

Limited Liability:

The company’s members have limited liability, and directors and shareholders are not personally liable for the company’s debts. For instance, when a company defaults on the repayment of a debt or loan, the Directors or Shareholders’ assets are protected. They can only recover the debt amount by selling the company’s assets.

Fund Raising:

Venture Capital and Angel Investors are focused on Company-type businesses for equities investments because they do not prefer to be involved in day-to-day operations. The concept of a company is governed by its Directors, whose shareholders are the company’s investors and whose management is overseen by the Company’s Directors.

Employee Attraction:

Attracting Talented Employees Talented employees prefer Company businesses over Partnerships or Sole Proprietorships. By issuing Employee Stock Options, a company can retain talented workers. Employees of reputable companies can quickly obtain low-interest loans from banks.

Director Dual Role:

The Company’s Director may also be an employee. He can rent or lease his property to the company and collect rent, give the company a loan and receive a loan from the company, and provide the company with goods or services in exchange for payment.

Separate Entity:

Members of the Company may come and go, but the company itself cannot, indicating that the members and the company are distinct entities. A company can own and sell assets in its name, sue, and be sued in a court of law.

Easy Exit Option:

Members can quickly leave the company by signing a Share Transfer Form. Members of Listed Companies can quickly sell their shares on the Stock Market. In Private Limited Companies, a change in ownership is accomplished by transferring shares and signing Share Transfer forms.

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How to Register a Subsidiary Company

Below are the three steps involved in registering a company.

Through eMudhra - One Hour Job
Digital Signature Certificates

We will apply for Class-III DSCs online via the eMudhra Portal. The OTPs will be generated on your Aadhaar-enabled mobile numbers, we will submit the same OTPs, and the system will send you a link to the video recording via SMS and email. The eMudhra team will approve the DSC following the submission of your video recording. Then, we will retrieve the DSCs from ePass Tokens and use them to sign incorporation documents.

Through MCA Portal - 5 to 7 Days
Incorporation

We will prepare the documents you provide in the order, i.e., PAN, ID Proof, and Address Proof, as a single document. We will also prepare the Form DIR-2, Form INC-8, Verification under Rule 25 of the Companies Incorporation Rules 2014, draft the main objects of the company, and prepare the eSprice+ Form, eMOA, eAOA, and eAGILE+ Form and upload them to the MCA portal upon payment of the required fee.

Through eMail - 1 Day
Certificate of Registration

After review, the MCA officers will approve the application and email you the Certificate of Incorporation. MCA will also send you DIN approval letters via email, and NSDL will send ePAN and eTAN to you via email. Additionally, your company's PF and ESI registration numbers will be automatically generated alongside your Zero Balance Company Current Account. We will also email you the MOA, AOA, and other documents.

What All You Get
  • Certificate of Incorporation
  • Articles of Association
  • Digital Signature Certificates
  • Company PAN
  • Director Identification Numbers
  • Company TAN
  • Memorandum of Association
  • Company Bank Account

Why Choose Us?

Since our inception as an Official Company Registration Agent, we have maintained close ties with the Ministry of Corporate Affairs, Government of India. From day one, our intention has been to offer a streamlined incorporation procedure that is quick and easy to utilize. Today, our system for company registration is among the most efficient and effective in India. You can file an application for a new company name in slightly more than 5 minutes, and your firm will often be fully registered within 3-5 days. In addition to maintaining affordable pricing for company formation, we are constantly investigating new ways to bring value to our clients. We are proud to be one of the least expensive ways to establish a business in India.

We have the knowledge to advise clients on the appropriate company structure to implement. The majority of our clients want assistance registering a business limited by shares. The limited company structure is prevalent because it permits the distribution of profits to shareholders while safeguarding them through restricted liability. Our team has more than 2 decades of experience founding companies and providing corporate and secretarial services, which aids in the growth of tens of thousands of our clients’ enterprises each year.

We are tremendously passionate about the quality of our service, and we are incredibly proud of the reviews we get from our customers, as evidenced by our outstanding reviews and ratings. Continually, our team is chosen due to the value and skill for which it is renowned. We have helped form the industry by giving our customers innovative business services and packaged solutions that have grown alongside their demands.

Our clients have access to complimentary help from a team of experts. We are always prepared to assist. Throughout the registration of your Company, you will be enabled to contact us by phone or email if you require assistance.

What Comes Next After the Subsidiary is Registered?

Congratulations on your new Subsidiary Company registration! Most entrepreneurs do not know what to do after registering their companies. The other mandatory registrations and statutory compliance requirements of a company are listed below.

Annual Compliances

Annual Private Limited Compliance

Appointment of First Auditor in approximate 30 Days You must appoint a First Auditor of the Company in approximate 30 days of the date of incorporation and file Form ADT-1 with the MCA within 15 days of the appointment, or a maximum penalty of Rs. 3,900/- will be charged.

Business Commencing Within 180 Days

You must file Form INC-20A with the MCA declaring the deposit of Share Capital amount within 180 days of Incorporation; else, the MCA will strike out your Company. A few banks also require you to submit this form, failing which they will not activate your Company's Current Account.

Chairman KYC Before or on September 30

Before or on September 30. Every director who has been issued a DIN by the end of the financial year and whose DIN status is "Approved" will be required to submit form DIR-3 KYC by the 30th of September of the next financial year. Failure to file incurs a fine of Rs. 5,000 per Director, and the MCA will deactivate his or her DIN.

Board Meetings

Every Company is required to have a meeting of its Board of Directors once every quarter.

General Annual Meeting (AGM)

Every Company is required to have an Annual General Meeting of its members on or before September 30th, within six months of the end of its fiscal year.

Annual Report Within 30 Days of Annual Meeting

Every Company has to file its Annual Report on Form AOC-4 with the MCA within 30 days of its AGM.

Annual Returns Within Sixty Days of the AGM

Every Company must file its Annual Return on Form MGT-7 within sixty days of its AGM.

Income Tax Return

Every Company has to file its annual Income Tax Return on Form ITR-6 by the 30th of September, or before.

TDS Return

Every Company required to file TDS returns must do so within 31 days at the end of each quarter to avoid incurring penalties.

PT Return

Every Company must submit its Monthly PT Return on or by the 15th day of the next month to avoid incurring penalties.

GST Returns

within 20 days of the quarter's end

Any company required to file GST returns using QRMS must do so by the deadline or face fines.

Form 1040 Return

Every company must file its annual Income Tax Return on Form ITR-6 by the 30th of September.

Different Registrations

Registration for GST

If you are a taxable dealer in the sale of Goods or the provision of Services, you are required to register for GST.

Import Export Code (IEC)

Import Export Code (IEC) registration is essential if you deal in the import or export of goods or services.

FSSAI Registration

You must submit an application for a Food License to the Food Safety and Standards Authority of India if your firm specializes in Food, Catering, Hotels, or Restaurants.

IPR Registration

If you wish to protect your business name, brand, literary work, or invention, you must file an application for Trade Mark, Copyright, and Patent with the Indian department of Intellectual Properties.

Business Tax Registration

Companies registered in India must pay a professional tax. It is not obligatory in every jurisdiction; in fact, only 17 states require it.

Stores & Businesses Registration

Shops and establishments are required to register with the relevant state labor department.

MSME Registration

To receive the benefits of The Ministry of Micro, Small, and Medium-Sized Enterprises Act, registration is required.

Local Trade License

The new business must submit an application for a local business license to the local municipality or municipal corporation.

DOT License

DOT License As a statutory requirement, BPO organizations must obtain a DOT license from the Department of Telecom. This License is available only to Private Limited Companies.

Drug License

If your Company manufactures and distributes pharmaceuticals, you must obtain a Drug License from the office of the state's Drug Controller.

PF Registration

If your Company is subject to the PF Act, you must obtain PF Registration. Now that MCA provides PF Registration along with Incorporation, you are no longer required to submit a separate application; nonetheless, you must enroll employees once the threshold limit is exceeded.

ESI Registration

If your Company is subject to the ESI Act, you must obtain ESI Registration. Now that the MCA provides ESI Registration along with Incorporation, you are no longer necessary to register separately; nonetheless, you must enroll employees once the threshold limit is exceeded.

PASARA License

If your business provides security guards, you must obtain a license under the Private Security Agency Regulation Act. This application must be filed to the individual state's Department of Homeland Security.

ISO Accreditation

If you desire market credibility, you can obtain ISO Certification.

Let's Deal With Your Confusions

DIN is the abbreviation for Director Identification Number. Following the incorporation of the Company, every director will be assigned a unique Director Identification Number. With this DIN, he or she can register an unlimited number of businesses.

A DIN holder is required to submit his KYC to the MCA annually by the 30th of September or face a penalty of Rs. 5,000/-.

DSC is an abbreviation for Digital Signature Certificate. Shareholders must possess a Class-III Digital Signature Certificate in order to register their organization.

There are various organizations that issue Class-III DSCs. These organizations are referred to as DSC Certifying Authorities. We have formed a partnership with eMudhra Tamil Nadu. eMudhra is one of India's most prominent Digital Signature Certifying Authorities.

Approved share capital is the maximum amount of capital that shareholders are permitted to invest in the Company. In actuality, this is the permitted investment limit for Equity Share Capital.

Paid-up share capital is the amount of money shareholders deposit into the Company's bank account towards share capital.

Now, a business can be registered with a minimum share capital of Rs. 2/-or investment of Rs. 1/- from each shareholder.

A CIN is an identification number assigned to a company by the Ministry of Corporate Affairs when they are issued the Certificate of Incorporation.

It might serve as the Company's identification number.

If we apply for direct incorporation without a Certificate of Name Availability, the process could take between three and five business days. Occasionally, it can be implemented in a single day.

However, it is recommended to apply for a company name before incorporation, which may take between 10 and 15 days.

Yes!

No, you cannot register a company on your own since Professionals such as a Company Secretary or a Chartered Accountant must digitally sign the application forms alongside a Director before your Company can be registered.

The minimum share capital for a two-person private limited company is Rs. 2/-, while the minimum share capital for a one-person private limited company is Rs. 1/-.

Two Directors.

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Get Certificate, DINs, DSCs, MOA, AOA, PAN, TAN, GST, MSME, IEC, PF, ESI, PT*, Bank A/c, Share Certificates & GST Software along with your CIN under 10 working days!

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