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SUBSIDIARY IN INDIAProcedure for setting up of wholly owned Subsidiary in India | Forming a Subsidiary in India | Establishing Subsidiary in India | How to Form Subsidiary | How to Open Subsidiary in India | Opening Branch in India | How to Incorporate in India | Type of Companies in India | Corporate Laws of India | Forming Subsidiary in India | Companies Act | Business Entities in India | Procedure for Formation of Subsidiary in India | Entry Strategies for Foreign Investors | Starting Operations in India
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Types of Subsidiaries in IndiaForeign companies can set up wholly-owned subsidiary in sectors where 100% foreign direct investment is permitted under the FDI policy. The wholly-owned subsidiary may be either of the following business entities:
Foreign Companies can also set up their operations in India through the business entities:
Private Limited Company
A private company is a company which has the following characteristics:
Public Limited Company
A public company is defined as a company which is not a private company. The following conditions apply only to a public company:
There are several other provisions contained in the Companies Act 1956 which are applicable only to public companies and should be consulted.
Liaison Office/Representative Office
A Liaison Office could be established with the approval
of the government of India. The role of Liaison Office is limited to
collection of information, promotion of exports/imports and facilitate
technical/financial collaborations.
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Note: Foreign investors are required to seek governmental approvals before investing in India. Some approvals are automatic, though application is required for those approvals. Special Permission could be obtained to invest over and above the regular percentage allowed. See our FDI in India Sector wise Guide for more information on various conditions of investing in India. See the Procedure for Formation of Company in India. Also visit the Joint Ventures in India _____****_____
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Procedure for Formation of Company in India
Incorporating a Company in India
Laws of Doing Business with India
FDI in India Sector wise Guide
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| Nature of Procedure in India | Procedure Number |
Duration
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| Filing the proposed name of company for approval to the Registrar of Companies (ROC); Get the Memorandum and Articles of Association vetted by the ROC and printed | 1 | 7 | |
| Make an application to the Superintendent of Stamps or an authorized bank requesting for stamping of the Memorandum of Association and Articles of Association. | 2 | 1 | |
| Present the required documents along with the registration fee to the Registrar of Companies to get the certificate of incorporation | 3 | 9 | |
| Obtain a company seal | 4 | 3 | |
| Visit the UTI Investors Services Limited to obtain a Permanent Account Number | 5 | 7 | |
| Obtain a Tax Account Number for income taxes deducted at source from the Assessing Office in the Income Tax Department | 6 | 7* | |
| Register under Shops and Establishment Act | 7 | 2* | |
| Register for value added tax (VAT) before the Sales Tax Officer of the ward in which the company is located | 8 | 12* | |
| Register for Profession tax | 9 | 2* | |
| Register with Employees' Provident Fund Organization | 10 | 2* | |
| Register with ESIC (medical insurance) | 11 | 1* | |
| Filing for Government Approval before RBI/FIPB for Foreigners and NRI's | 12 | 15* | |
| Totals: | 12 | 35 |
Note: Procedures sometimes take place simultaneously. Instances of this are marked with an asterisk (*). The above procedures are for a typical big city in India. The time and procedure may vary with city and state and the nature of business.
All the procedures must be followed.
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Doing Business with India Free Guide | Incorporating company in India | Procedure for Formation of Company in India | Formation of Subsidiary in India | Starting a Business in India | Opening Branch in India | Annual Corporate Filings in India | Patents in India | Trademarks in India | Tax Rates in India | Withholding Tax Rates For Foreign Companies Doing Business In India Under The Tax Treaties | Joint Ventures in India | FDI in India Sector wise Guide | India Business | Arbitration in India | Cyber Laws of India | Corporate Compliance in India | Corporate Affirmative Action Program in India | How to Outsource Successfully | Investing in Stocks & Mutual Funds in India - Foreign Institution Investors in India Legal Outsourcing | Outsourcing Agreements | Outsourcing to India | Joint Venture Agreements Process Serving in India - Types | India Hague Process Servers | Hague Convention on the Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters Investing in Real Estate in India | Marriage Procedures in India | Serving Summons in India | Dual Citizenship of India | NRI & PIO Home Page
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