Frequently Asked Questions
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
Why AKT Associates?
Expertise - That Counts
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.
Experience - That Matters
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.
Efficiency - That reflects in everything
With a strong team which comprises of experts with qualification like CA, CS, MBA & LLB and they will all available with the wholesome result, with dedicated customer service team and support staff. We are always there to execute your work efficiently.
Cost - That saves a Lot
We touch the top position not just because we are the best in what we do but also because we know the value of your time and money. We know the value of your time so all the work by AKT Associates is performed on time and at around 70% less cost in comparison to all the other leading firms of the market that too without compromising on the quality aspect.
Conveniences - That says a Lot
The services of the firm are performed and delivered by using the cutting edge technology which makes the AKT Associates always available & deliver services right in your email. So it doesn’t matter where you are because we are always at your finger tips.
