The Year-End Close, Simplified for Global Companies Sub-headline: From Statutory Audits to RBI filings—we ensure your subsidiary never misses a deadline.
Operating a subsidiary in India comes with a rigorous calendar of annual filings. Unlike many jurisdictions where “dormant” or small companies have minimal reporting, every Indian Private Limited company—regardless of turnover—must undergo an audit and file detailed returns with the Ministry of Corporate Affairs (ROC) and the Income Tax Department.
At BusinessSetup.in, we take full ownership of your compliance calendar. We coordinate between your global finance team and Indian authorities to ensure that your Financial Statements, Annual Returns, and Tax Filings are accurate, transparent, and filed on time. We don’t just file forms; we protect your “Good Standing” status in India.
What We Offer: The Annual Compliance Package
1. Statutory Audit & Financial Reporting
Independent Audit: We appoint qualified Chartered Accountants to conduct the mandatory Statutory Audit of your Indian books of accounts, ensuring they adhere to Indian GAAP (Generally Accepted Accounting Principles).
Financial Statement Preparation: We prepare your Balance Sheet, Profit & Loss Account, and Cash Flow Statements in the format prescribed by the Companies Act, 2013 (Schedule III), ready for board approval.
Global Consolidation Support: For foreign parents, we assist in reconciling Indian financial statements with your global reporting standards (IFRS/US GAAP) to ensure seamless group consolidation.
2. ROC & Corporate Secretarial Filings
Form AOC-4 (Financials): We file your audited financial statements with the Registrar of Companies (ROC) within 30 days of your AGM.
Form MGT-7 (Annual Return): We compile and submit your company’s Annual Return, detailing the shareholding structure, directors, and board meetings held during the year.
Director KYC (DIR-3): We track and file the mandatory annual KYC for all directors (including foreign nationals) to prevent the deactivation of their Director Identification Numbers (DIN).
Minutes & Registers: We draft the necessary Minutes of Board Meetings and Annual General Meetings (AGM) to strictly comply with the secretarial standards required by Indian law.
3. Corporate Tax & Transfer Pricing
Income Tax Return (ITR-6): We compute your corporate tax liability, claim eligible deductions, and file the Corporate Income Tax Return by October 31st.
Tax Audit (Form 3CD): If your turnover exceeds statutory limits, we conduct a specialized Tax Audit to certify your taxable income calculations.
Transfer Pricing (Form 3CEB): Essential for Subsidiaries. We certify your international transactions (dealings with your foreign parent) to ensure they meet “Arm’s Length” pricing norms, preventing future tax litigation.
4. FEMA / RBI Reporting (Specific for Foreign Subsidiaries)
FLA Return: We file the Foreign Liabilities and Assets (FLA) return with the RBI by July 15th every year—a mandatory requirement for any Indian company that has received Foreign Direct Investment (FDI).
Why Choose BusinessSetup.in?
Foreign Subsidiary Specialists: General practitioners often miss the FLA Return or specific Transfer Pricing disclosures required for foreign-owned companies. We specialize in them.
Penalty Protection: Indian late filing fees are steep and cumulative. Our proactive “Compliance Calendar” system ensures we chase you for data long before the deadline hits.
Integrated Legal & Financial View: Since we handle both the Secretarial (ROC) and Financial (Tax) aspects, we ensure your data matches perfectly across all government portals.