Subsidiary Company Registration

A subsidiary is a corporation that is owned and controlled by another company which usually is referred to as the parent company or holding company. The parent corporation retains a great deal of influence over the subsidiary and may wield partial or full authority.

If the parent company held a 100% shareholding, the subsidiary would be refer to as a wholly-owned subsidiary company. If it is a bank, not incorporated in the United States, it must comply with the laws of its home country. Simultaneously, the parent company presents the financial statements of the foreign subsidiary in its consolidated financial statement.

Paperwork Necessary for Subsidiary Company Formation

Below are the documents needed for setting up a subsidiary company:

1. Proof of Address
2. Electricity bill, or
3. Rent agreement with latest electricity bill (for rented property).

For Indian Nationals

1. PAN Card (mandatory)
2. Address Proof
3. Photo ID Proof

For Foreign Nationals

1. Passport (mandatory)
2. Proof of the Address (duly certified by Indian Consulate)
3. Photo ID Proof (attested by the Indian Consulate)

Minimum Conditions for the Registration of 2 / Branch Office.

1. At least two directors
2. At least two shareholders

Subsidiary Company Registration Process

Step 1

A DSC has to be obtained by one of the two directors.

Step 2

The Directors of the company should obtain DIN, it is a requirement.

Step 3

The applicant is required to file Form INC-1 for approval of the company name.

Step 4

After name approval by ROC, the applicant shall file:

Form INC-7 -Application for the incorporation of a company (Other than OPC).

Form DIR-12 -Information about the new and existing management personnel and their changes.

Form INC-22- Notice of situation or change of situation of registered office of the company (with MoA and AoA)

Step 5

In online mode, the applicant has to pay ROC fees and stamp duty (as per the company’s authorized share capital) through the net banking.

Step 6

The ROC checks the documents received.

Forms INC-22 and DIR-12 get instantaneous approval using Straight-Through-Processing (STP).

Form INC-7 is thoroughly verified by ROC and they said it to be changed if it is a required one.

Step 7

On acceptance of the changes by the ROC and the approval of all documents, the Certificate of Incorporation is issued and delivered to the applicant by email.

At GarudaMudra, we simplify, expedite and facilitate the registration of a subsidiary company by taking you through all the necessary steps with the support of experts.