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Subsidiary Company Registration
Subsidiary Company Registration
A subsidiary company is a company whose control lies with another company. The company that holds the control is termed as a Parent Company or Holding Company. The Holding company owns a majority of the shares of the subsidiary company, and hence it can exercise control as the major shareholder.
The holding company holds an interest in the subsidiary company. The company in which the holding company holds 100% share capital is termed as a wholly-owned subsidiary. The subsidiary company can be either established or acquired by the holding company.
Procedure of Registration of Subsidiary Companies in India:
Step 1. Name Approval: The first step towards Company Registration is reserving the Company name. In case of a foreign subsidiary, it is permissible to use the same name as that of the parent company with the addition of the word “India” to it. The name is approved, provided the same is not identical to existing entities or considered undesirable by law.
Step 2. Procurement of DSC: In parallel, the Digital Signature Certificate (DSC) will be procured for the proposed directors of the Company. This DSC is required to file the Incorporation application digitally and will also be used for future compliance reporting.
Step 3. Incorporation Application: This is the final step in the Company Registration process. It requires filing of the Memorandum and Articles of Association of the Company along with various other documents duly executed by the proposed directors and shareholders.
Documents Required
The following are the documents that will be required for the filing of the application.
- Company Related
– Memorandum of Association and Articles of Association
– Proof of Address of registered place of Business that is if the rented property, then rent agreement and if the owned property then copy of ownership documents
– Copy of Utility Bills
– Copy of resolution passed by the promoter company – Capital Layout of company – Copy of certificate of incorporation in case of foreign corporate - Directors and Shareholders Related
– Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the directors and designated shareholders
– Proof of identity and address for Directors and Shareholders
– Photographs of Directors and Shareholders
– The interest of first directors in other entities.
– Declaration by Directors and Shareholders
A company looking for expansion across regions and sectors will have to resort to the formation of subsidiaries. Subsidiaries act like extra arms to the main body and assist the holding company in reaching out to different regions, business sectors, and countries. Legally, an Indian subsidiary company is an Indian company and treated as one and is required to meet all the compliances applicable to Indian companies.
In case of any help or assistance in Subsidiary Company registration in India, contact E-TAX HUB INDIA support team on 9962903855 /mail us sales@etaxhub.in, our team will guide through the entire process and help you comply.
