Understanding the requirement of client
Analysis of all available option like, wholly Owned Subsidiary or Major controlling share option
Drafting and Preparing of required documentation and filing for company formation procedure
Completion of other registrations along with legal & taxation due diligence
Filing of periodical returns and other compliance related documents.
Documents list will be sent after understanding requirement and Understanding India and prospective country bi-lateral arrangements
A Subsidiary can act as a separate legal vehicle to launch company in India
15-20 Working days
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Generally the business may prefer to set up a wholly Owned Subsidiary in India instead of outsourcing it to an outside agency. This may be done to maintain the secrecy and exercise control, which are negative points when we talk about business outsourcing.
Apart from above mentioned benefits a subsidiary can serve your long purpose goals, Like business extensions, Setting up R&D Centre or Knowledge Centre.
If you are a out of India based Company, NRI Businessman, professional who is willing to expand their horizon to India in form of Subsidiary, We can assist you from the incorporation to completing all required compliances related to Income Tax, RBI, SEBI and other Govt. Agencies as may be required in the case.
Is a local director or shareholder is mandatory to form a subsidiary is India?
Not in all cases, a foreign company can set up wholly owned subsidiary without a local director, However they need to appoint one authorized person who will be responsible for all compliances in India.
How many minimum Directors are required to form an Indian Subsidiary company?
Minimum two directors are required out of which one person can be from parents company a one local person can be appointed in India who will be responsible for compliance.
How many minimum shareholders are required?
Minimum two shareholders are required out of that one will be parent company holding majority of shares or more then 51% and balance can be given to any of director of parent company.
Is it required to issue shares to Indian Directors?
No it is not required
Who can operate Bank Account for subsidiary?
Company can pass resolution-appointing signatory for Bank A/c Operations
Can Company give loan to subsidiary company?
Subject to certain restriction a company can provide loan to subsidiary company
We are handling more than 1500+ successful clients and providing them with services which covers Legal, Technical, Taxation and other business compliance part. That all says a lot on our ways of working and our expertise in the area.
At AKT associates we have been our client’s obvious choice since more than 20 years. For serving you with the best results we use our experience of decades which has exposed us with deep understand.
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