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Foreign Subsidiary Compliance

Foreign company subsidiaries registered must complete FEMA filing, MCA annual return and income tax return each year.

 

Foreign Subsidiary Compliance

What is a Wholly Owned Subsidiary Company in India?

A Wholly Owned Subsidiary Company is a foreign entity that is registered, incorporated or formed according to the laws and regulations of the host country in which the Indian Party makes a direct investment.

What are the forms in which business can be conducted by a foreign company in India?

A foreign company planning to set up business operations in India may:

  1. Incorporate a company under the Companies Act, 2013, as a Joint Venture or a Wholly Owned Subsidiary.

A company can be registered as private limited or public limited. A private limited company is a closely held company and enjoys the privileges given by the Companies Act, 2013. Generally foreign Companies incorporate Private limited Company in India.

      1. 100 % FDI (Foreign Direct Investment) – Sector specific- RBI (Reserve Bank of India) prior approval is not required.
      2. Minimum 2 Share Holders ( Individual, Firm, Corporate) and 2 Directors ( Individual only)- Private Limited
      3. Funding in the form of Capital or Loan
      4. No Minimum Share Capital now
      5. Registered office – India

A public limited company is a company where public is interested and it is required to comply with set of rules and regulations framed by the Companies Act, 2013.

  1. Set up a Liaison Office / Representative Office or a Project Office or a Branch Office of the foreign company which can undertake activities permitted under the Foreign Exchange Management (Establishment in India of Branch Office or Other Place of Business) Regulations, 2000.

For companies with turnover of upto Rs.10 lakhs

11,999
  • Financial Statement Preparation
  • MCA Annual Return Filing
  • Income Tax Return Filing

For companies with turnover of upto Rs.50 lakhs

17,999
  • Financial Statement Preparation
  • MCA Annual Return Filing
  • Income Tax Return Filing

For companies with turnover of upto Rs.100 lakhs

26,999
  • Financial Statement Preparation
  • MCA Annual Return Filing
  • Income Tax Return Filing

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