What is the Indian Subsidiary registration?
The Indian subsidiary Company is the company whose interests are held and controlled or held by another company. The preference share capital and the paid-up equity share capital of the Subsidiary company can be used to determine the holding company, subsidiary company relationship between two companies. It can either be owned or owned in part by another company. It should be noted that the company that owns the subsidiary is known as a parent company or a holding company. Although, a holding company does slightly differ from a parent company.
Annual Compliances of Indian Subsidiary Company
All Indian Subsidiary companies are needed to comply with Companies Act, the Income Tax Act, FEMA guidelines, transfer pricing guidelines. Time to time, they are liable to file an income tax return with the income tax department, annual return with the registrar of companies and other mandatory filings with the reserve bank of India or securities and exchange board of India etc. However, the requirement is based on the type of industry, turnover, and the number of employees.
Documents required for Indian Subsidiary Company
From All Directors and Shareholders
- Utility bills (any)
- A copy of a rent agreement with NOC from an owner.
For Proposed Registered Office (Residential or commercial)
- Passport of foreign directors
- Incorporation certificate issued by the foreign government
- For opening a subsidiary company in India, a resolution from LLC/INC
- A copy of Voter’s ID/Driving license/Passport & PAN Card of Indian director.
- Photograph of all directors and shareholder. (Passport-sized)