Gsagroups provides complete services for registering Indian subsidiary, including name reservation, creating legal documentation, filing with the MCA, and securing relevant clearances. They guarantee compliance with the Companies Act of 2013, FEMA rules, and other regulatory requirements. gsagroups also offers help with tax registration, GST, and ongoing compliance. Their knowledge makes the process easier for foreign enterprises wishing to expand in India, ensuring smooth and legal operations. Indian subsidiary registration refers to the process of forming a corporation in India that is controlled by a foreign parent company. gsagroups.in

Process on which gsagroups is working for registering an Indian subsidiary:

• Company Name Approval: Apply for a name reservation with the Ministry of Corporate Affairs (MCA).
• Obtain the DSC and DIN for the subsidiary’s directors: Requires the indian subsidary.
• Draft and file incorporation documents: Including the Memorandum of Association (MoA) and Articles of Association (AoA). File the spices+ form with the MCA.
• PAN and TAN Applications: Request the subsidiary’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
• Bank Accounts and GST Registration:
  Open a company bank account and, if needed, register for GST.
• Ensure compliance and documentation: with the Federal Emergency Management Agency FDI, and the Reserve Bank of India rules. gsagroups.in

Advantages of an Indian Subsidiary:

• Limited responsibility: The parent company’s responsibility is restricted to its shareholding.
• Access to the Indian Market: Provides easy entry into the Indian market.
• Tax Benefits: Eligible for tax breaks and exemptions under Indian legislation.
• Separate Legal Entity: Functions independently of its parent firm.
• Ease of operation: Enables local hiring and management flexibility.
• Reputation: Increases trust and credibility among local customers and partners. gsagroups.in

Gsagroups provides Indian subsidiary registration services to help foreign corporations establish a presence in India.

The primary purposes include:

1. Market Growth: Allows foreign enterprises to operate in the Indian market.  Limited liability protects the governing firm from financial concerns.
2. Tax Advantages: Provides tax benefits and ensures compliance with Indian tax legislation.
3. Ease of Operations: Makes it easier to hire local staff and do business legally.
4. Brand Establishment: Improves the company’s exposure and reputation in India.
5. Compliance Assistance: Handles legal documents, filings, and regulatory needs.

Key Criteria for registering an Indian subsidiary:

• Directors: At least two directors are required, one of whom must be an Indian resident.
• Shareholders: A minimum of two shareholders are required; the parent business can own all of the shares, or any combination of two foreign nationals can be stockholders.
• Registered Office: The subsidiary must have a registered office in India, which can be either leased or owned.
• Compliance: Compliance with the Companies Act of 2013 and the Foreign Exchange Management Act (FEMA) requirements is required. gsagroups.in

Documents Required:

1. Parent Company Board Resolution: Allowing incorporation and designating an authorized representative in India.

2. A copy of the parent company’s certificate: of incorporation that has been notarized and apostilled (if required, translated into English).

3. Apostilled and notarized: are the Parent Company’s Memorandum & Articles of Association (MOA & AOA).

4. Identity and Address Verification of Authorized Representatives/Nominee Directors: Foreign directors’ passports, proof of address, and recent, self-attested photos.

5. Indian Resident Director Documents (Required): photos, proof of address, Aadhaar card, and PAN card.

6. Proof of Registered Office Address (India): Landlord’s NOC and proof of ownership or rental agreement.

7. Draft Indian Subsidiary’s Memorandum of Agreement and AOA: Compliant with the 2013 Indian Companies Act.

8. Form DIR-2: Declaration and Consent to Act as Director All directors have signed it.

9. Certificates of Digital Signature (DSC) for Directors:  Required to submit Ministry of Corporate Affairs (MCA) online forms.

10. Approval of Foreign Investment (if applicable): Approval from the RBI or FEMA if the industry is covered by the approval route or requires foreign finance. gsagroups.in