Indian Subsidiary In Chennai
The Indian Subsidiary in Chennai Company Registration procedure is governed by the Companies Act 2013. A corporation that has a foreign corporate body or parent body owning at least 50% of the entire share capital is referred to as a subsidiary company.
Free Consultation by Expert
Indian Subsidiary Registration in Chennai
Indian Subsidiary in Chennai Registration is the process of registering a foreign company as a separate legal entity in India to do business in the country. This process is governed by the Companies Act, 2013, and requires the foreign company to register itself with the Registrar of Companies in India. The company must also obtain an Indian PAN (Permanent Account Number) and VAT (Value Added Tax) registration. The company must also appoint a qualified representative in India to comply with Indian laws and regulations. The Indian subsidiary in Chennai will be a separate legal entity with its assets, liabilities, and management. It is a common practice for multinational companies to establish a wholly-owned subsidiary in India to take advantage of the economic and business opportunities available in the country.
Benefits of Indian Subsidiary Company Registration in Chennai
- Setting up a subsidiary company in India can provide numerous benefits, such as access to the Indian market, tax benefits, access to resources, increased credibility, and easier compliance.
- With access to the Indian market, you can tap into its potential and expand your business.
- You can also avail of tax exemptions and deductions on profits earned in India, as well as on investments made in India.
- Additionally, setting up a subsidiary company in India gives you access to resources such as skilled labour, technology, and infrastructure.
- This can help you reduce costs and increase efficiency. Furthermore, setting up a subsidiary company in India can help you increase your credibility in the Indian market.
Checklist for Indian Subsidiary Company Registration in Chennai
- Acquire a Digital Signature Certificate (DSC).
- Obtain a Director Identification Number (DIN).
- Submit an application for name approval to the Ministry of Corporate Affairs (MCA).
- Draft the Memorandum of Association (MOA) and Articles of Association (AOA).
- Submit the incorporation documents to the Registrar of Companies (ROC).
- Receive the Certificate of Incorporation.
- Obtain a PAN and TAN.
- Open a current bank account in the company’s name.
- Apply for any other licenses or registrations required for the business.
- Submit the necessary documents to the Registrar of Companies (ROC) for compliance.
Documents Required for Indian Subsidiary Company Registration in Chennai
1) Indian National
- PAN Card information
- Address Proof
- Identity Proof such as Aadhaar Card, Driving License, Voter Id
2) Foreign National
- Passport
- Address Proof (Indian Consulate must certify the document)
- Identity Proof (Indian Consulate must certify the document)
3) Other Crucial Documents
- Directors Identification Number (DIN)
- Digital Signature Certificate (DSC)
- Memorandum of Association (MOA) and Article of Association (AOA)
- No Objection Certificate from the person who owns the property of business place
- Certificate of Incorporation granted by the foreign government
- Residential Proof
Registration Procedure of Indian Subsidiary Company
The first step in the registration process of an Indian Subsidiary in Chennai Company is to obtain a Digital Signature Certificate (DSC) from the Controller of Certifying Authorities (CCA).
- After obtaining the DSC and DIN, the next step is to obtain name approval from the Ministry of Corporate Affairs (MCA).
- The Memorandum and Articles of Association, which contain all the rules and regulations that govern the functioning of the company, need to be drafted.
- These documents, along with other forms such as Form INC-7, Form INC-22, Form DIR-12, etc., need to be filed with the Registrar of Companies (ROC).
- Upon successful filing of all documents, a Certificate of Incorporation will be issued by the ROC, which is proof that the company has been legally registered in India.
Our Support
- Provide comprehensive support throughout the incorporation process, including knowledge of underlying compliances and registration legalities.
- Our team has in-depth experience in tackling post-incorporation compliances and can assist with documents and applications.
- We offer our services at a nominal fee.