Foreign entity/Share holder can set up a wholly owned subsidiary in India as per the Indian Companies Act, 2013, provided one of the directors must be resident of India. With our parent office situated in India, we are able to execute any legal, tax, technical and clerical job diligently.
Setting a business in India usually divided into 3 phases:
Phase 1 – Formation of company
Which includes:
Obtain Digital Signatures Certificate (“DSC”) of Proposed Director
Filing of form with Registrar of Companies for Name approval, DIN number for proposed directors, Incorporation documents, PAN and TAN Application
Preparation of Memorandum & Articles of Association
Filing a form for Commencement of Business
Phase 2 – Capital Infusion
Post incorporation of company in India foreign equity holder/s need to infuse initial capital in Indian company which includes following process:
Preparation of documents (Board Resolution etc) for holding first board meeting for issue of shares, accepting Company Seal etc.
Obtain printed share certificates, Company Seal etc.
Intimate Registrar of Companies regarding issuance of shares.
Filing of documents for registration for New Business users with RBI
Creation of Entity Master Users with RBI (EMF)
Filing of Single Master Form (SMF) with RBI after allotment of shares for reporting of Foreign Direct Investment.
Phase 3 – Initial registrations post formation
Indian company needs to obtain certain registration to carry out the business operations in India which includes:
