Company Setup Services in India

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:

  • Permanent Account Number (PAN)
  • Tax Deduction Account Number (TAN)
  • Import Export Code Certificate (IEC)
  • Registration under Goods and Service Tax (GST)

 

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