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Wholly Owned Subsidiary Registration online in India with REGISTRATION MITRA

Starts from INR 24,999/- 19,499 only

Inclusions

  • Free advisory by experts
  • Digital Signature for 2 Directors
  • DIN Certificates for 2 Directors
  • Certificate of incorporation
  • Memorandum & Article of Association
  • PAN & TAN of the Company
  • GST certificate
  • PF & ESI Registration
  • MSME Certificate (Udyami)
  • Assistance in opening of Bank Account

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    Wholly Owned Subsidiary Registration In India

    Foreign companies can also set up their operations in India by forming a Wholly Owned Subsidiary in sectors, where 100% FDI* in India is permitted under the FDI policy. For FDI in India, an application has to be filed with the registrar of Companies (ROC) for registration and incorporation of the wholly owned subsidiary Company in India by parent company or holding company.

    The Investment in the Subsidiary Company depends upon the FDI policy of RBI. Most of the sectors in FDI comes under automatic route and in those cases there is no prior requirement of RBI approval needed for investment in Indian subsidiary Company.

    *FDI Meaning

    A foreign direct investment (FDI) is an investment made by a firm or individual in one country into business interests located in another country. Generally, FDI takes place when an investor establishes foreign business operations or acquires foreign business assets in a foreign company.

    Minimum Requirements* to register a wholly owned subsidiary Company in India

    • Name : A unique name**
    • No of Shareholders : 2 individuals or body corporates***
    • No of Directors : 2 individuals***
    • No. of Resident Directors : 1 Indian national

    NOTE:

    * These are the minimum requirements & can be increased.

    * The unique names are subject to approval by Ministry of Corporate Affairs

    * The shareholders & directors can be same. In case of body corporate, a nominee should be required.

    Documents Required

    • 2 proposed names (unique) of the Company in order of preference (Along with main objects & significance of name). Foreign Company can apply the same name (name in foreign country) in India by using word “India” in its name.
    • Email ID & Phone No. of the Company
    • Copy of Certificate of Incorporation of the foreign body corporate and Board resolution passed to become subscriber of the Company and authorisation in favor of the person authorised on behalf of the Company duly Apostilled or Consularized and notarized by Native Country.
    • Details regarding the capital structure , names of shareholders & the amount subscribed
    • Bank name in which company will open account
    • Following self-attested documents of the proposed directors:
      • PAN Card (not mandatory for foreign Director)
      • Voter Id Card/ Passport/ Driving License as identity proof (Passport mandatory in case of Foreign Director)
      • Bank Statement or Electricity Bill or Mobile Bill as per the address proof (It should be in the name of the proposed director & not older than 1 month)
      • Email id & phone No
      • Photograph
      • Educational Qualification & Occupation
      • Director Identification No. (DIN), if already allotted
    • Address proof of Registered business address of the company, i.e.
      • Electricity Bill or Telephone Bill or Gas Bill not older than 1 month
      • NOC from the landlord in the name of the company)

    Note: All the documents of Foreign Individuals or body corporates should be duly Apostilled or Consularized and notarized by Native Country.

    Advantages of Wholly Owned Subsidiary Company

    • It provides the benefits to both parent company and as well as to the subsidiary company.
    • The members have Limited Liability
    • It is a Separate Legal entity.
    • Benefit to a parent company who can execute strategic control over its subsidiary company.
    • It provides a benefit of cost synergies by using a common financial system, sharing the administrative cost and other expenses between parent & subsidiaries.
    • Global Strategy
    • Widespread acceptance and recognition

    Registration Procedure

    • Step 1
      Reservation of Name:
      • The first step in incorporation of a Wholly owned subsidiary company online is to reserve a name for the company..
      • We will request you to share 2 proposed names and once received, we will check the name availability. The proposed names should be unique and shall end with the word ‘Private Limited’.
      • A Board Resolution needs to be passed by Parent Company for incorporation duly apostilled or consularised or notarised
      • If the names are available, then we will proceed further & will apply for the name reservation in web service SPICE+ PART-A on MCA Portal. But, If the names are not available we will request you to share more names.
    • Step 2
      Obtain a Digital Signature Certificate (DSC)
      • The next step is to obtain Digital Signature Certificates for all the directors.
      • Digital Certificates are the digital/ electronic equivalent of physical signatures.
      • MCA accepts applications only if the DSC are affixed on it so as to ensure the authenticity of application of incorporation of private limited company.
      • Hence, to file the company formation application online one needs to obtain DSC.
    • Step 3
      Filing the application for Incorporation of Private Limited Company
      • The final step is to prepare & file the application for Incorporation of Company
      • This application has to be filed within 20 days from the date of approval of name.
      • The application is filed online in web service SPICE+ PART-B along with relevant documents.
    • Step 4
      Certificate of Incorporation
      • On receipt of the application, If MCA feels that the application filed is complete in all respects, it will issue a Certificate of Incorporation within 2-3 days, OR
      • On receipt of the application, If MCA needs any additional information or clarification, then they will give an opportunity to resubmit all the documents with the additional information or clarification. Once they are satisfied that the application is complete or the clarification is they will issue the Certificate of Incorporation.
    • Step 5
      Intimation to RBI
      • On approval of registration and receipt of subscription money in Bank account, we will file intimation to RBI for remittance.

    Register For A Wholly-Owned Subsidiary And Leave All The Legal Worries to Registration Mitra

    We at Registration Mitra are well-versed with all the legalities required to register for wholly-owned subsidiaries in Delhi. A wholly-owned company is one that is completely owned by the parent company. It has 100% discretion over the activities of the affiliate and requires the parent to select the board of directors of the subsidiary that is in charge of the affiliate. Wholly-owned subsidiaries could be part of one industry or an entirely separate industry as a parent corporation. Anyone looking for subsidiary company registration in India can contact Registration Mitra for a quick and reliable solution.

    How Registration Mitra helps in this Entire Process

    Proper Advice and research

    Our experts search the availability of names suggested by the clients first and advise accordingly so that the same will not be objected by the Ministry

    Drafting of documents and application

    We will draft the required supporting documents and application for submission with the Registrar of companies.

    Online application

    We will prepare the online application in Spice+ and submit the same for approval of ministry.

    Follow-up

    After submission, we will keep following the authorities for getting approval and update you accordingly

    Other registrations

    After getting Certificate of Incorporation, we will apply for other registrations..

    Frequently Asked Question For The Registration

    The routes under which foreign investment can be made in India is as under:
    • a. Automatic Route: Foreign Investment is allowed under the automatic route without prior approval of the Government or the Reserve Bank of India, in all activities/ sectors as specified in the Regulation 16 of FEMA 20 (R).
    • b. Government Route: Foreign investment in activities not covered under the automatic route requires prior approval of the Government. Procedure for applying for Government approval is given at http://fifp.gov.in/Forms/SOP.pdf

    Yes, a foreign company incorporated under the Companies Act is treated at par with any domestic Indian company within the scope of approval and subject to all Indian laws.

    Yes. We call it an Indian Subsidiary company of Foreign Parent Company of yours. Indian Laws allow you to retain 100% ownership by subscribing shares of Indian company.

    Yes. Every company to be registered in India must have at least one Indian resident individual as a director.

    Yes. It is not necessary that a director should also be a shareholder in Indian Company. As we said earlier, you as a foreigner or foreign company can retain 100% ownership of Indian Company.

    Yes. An Indian company must have at least two directors (one of them must be Indian Resident director). You can have more than 1 person as Foreign Director on Indian Company’s board.

    No, at the time of Company Registration there is no requirement of Obtaining RBI approval expect in some cases.

    In Wholly Owned Subsidiary Company if 100% shares are held by a company then such a company will appoint a nominee shareholder to fulfil the minimum of the requirement of the shareholder of Section 3(1)(b) of the Companies Act, 2013.

    Only NRIs/ OCIs are allowed to invest in partnership/ proprietorship concerns in India on non-repatriation basis.

    No, the lottery business, including "Online Lottery Business" is not opened to foreign direct investment.