How to register a subsidiary in India?

Procedure to register a Subsidiary company in India

Introduction

In India, you can set up a subsidiary company. This is beneficial for companies that want to expand their business by establishing a subsidiary company in another country. The procedure to register a subsidiary company in India in online and you do not need to visit India. Bank account can also be opened 100% online.

A Company incorporated is any country can establish either a 100% owned subsidiary company in India.

A subsidiary company is a separate legal entity that has its own shares, liabilities and assets. It can be established in India as per the Indian Companies Act, 2013.

You need to know that there are many benefits associated with establishing your own Subsidiary Company in India such as:

• Hiring and attracting employees in India is much simpler if you have a registered subsidiary here

• You will have complete control over all decisions regarding the operations of your business

Procedure to establish a fully owned subsidiary company in India

To establish a subsidiary in India, you need to follow the following steps:

• Identify minimum 2 persons who will act as directors of the company. 1 should be a resident Indian

• Apply for Digital signatures of directors

• Apply for the desired name on www.mca.gov.in

• Prepare and submit a memorandum of association and articles of association

• The Ministry of corporate affairs will then issue a registration certificate

• The income-tax department will issue PAN and TAN

• Open a bank account

Conclusion

The process is fairly simple and it’s easy for any company to start a subsidiary company in India. We hope that this article helps you better understand the procedure and how you can go about setting up your own subsidiary company in India.