{"id":6115,"date":"2020-04-04T15:45:41","date_gmt":"2020-04-04T10:15:41","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=6115"},"modified":"2022-11-16T14:58:38","modified_gmt":"2022-11-16T09:28:38","slug":"overview-indian-subsidiary-company-registration-online-in-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/overview-indian-subsidiary-company-registration-online-in-india\/","title":{"rendered":"Indian Subsidiary Company Registration"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Subsidiary\nCompany is a company that is owned (Fully or partly) and controlled by another\ncompany. When a company exercises control of another company, the later company\nusually becomes a Subsidiary company. The former company which keeps control of\nthe subsidiary company is termed as Parent Company or Holding Company. The\ncontrol of the subsidiary company is in the hand of the Holding company. The Holding\ncompany holds an interest in the Subsidiary Company.<\/p>\n\n\n\n<p>A subsidiary\ncompany is termed as subsidiary or sister company. In this topic, we will\ndiscuss Indian Subsidiary company registration, documentation, and procedure\nrequired for it.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/overview-indian-subsidiary-company-registration-online-in-india\/#What_is_the_Indian_Subsidiary_Company_Registration\" >What is the Indian Subsidiary Company Registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/overview-indian-subsidiary-company-registration-online-in-india\/#Procedure_to_incorporate_an_Indian_Subsidiary_Company\" >Procedure to incorporate an Indian Subsidiary Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/overview-indian-subsidiary-company-registration-online-in-india\/#Documents_required_for_Indian_Subsidiary_Company_Registration\" >Documents required for Indian Subsidiary Company Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/overview-indian-subsidiary-company-registration-online-in-india\/#Indian_Subsidiary_Company_%E2%80%93_Annual_Compliances\" >Indian Subsidiary Company &#8211; Annual Compliances<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/overview-indian-subsidiary-company-registration-online-in-india\/#Takeaway\" >Takeaway<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Indian_Subsidiary_Company_Registration\"><\/span>What is the Indian Subsidiary Company Registration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In Indian Subsidiary Company Registration, the Subsidiary company is registered, which is owned and controlled by the Holding Company. A subsidiary company is defined under <strong><em>Section 2(87) of the Companies Act, 2013<sup><a class=\"text-primary\" href=\"https:\/\/en.wikipedia.org\/wiki\/Companies_Act_2013\"><strong>[1]<\/strong><\/a><\/sup><\/em>.<\/strong><\/p>\n\n\n\n<p><strong><em>A\nSubsidiary Company concerning any other company means a company in which the\nHolding company-<\/em><\/strong><\/p>\n\n\n\n<ul><li><em>Controls the structure of the Board of Directors, or<\/em><\/li><li><em>Exercise\/Controls more than one-half of the total voting power either at its own or together with 1 or more of its subsidiary company.<\/em><\/li><\/ul>\n\n\n\n<p>In simple words, For Indian Subsidiary Company Registration, the holding company must own at least 50% of the subsidiary. A Subsidiary Company can be registered as a <a href=\"https:\/\/corpbiz.io\/company-registration\"><strong>Private Limited Company<\/strong><\/a> or Public Limited Company.<\/p>\n\n\n\n<div class=\"shadow1\"><strong>Note:<\/strong> A Subsidiary Company of a Foreign Holding Company is different from Indian Subsidiary company registration. The Foreign subsidiary company is obligated to function under the rules and regulations of the foreign country where it is situated.<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Procedure_to_incorporate_an_Indian_Subsidiary_Company\"><\/span>Procedure to incorporate an Indian Subsidiary Company<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To incorporate an Indian Subsidiary, the same process is followed as of the Private\/<a href=\"https:\/\/corpbiz.io\/public-limited-company-registration\"><strong>Public Company in India<\/strong><\/a>. The applicant company needs to understand the procedure laid down by the authority (MCA) for company incorporation. The company must be registered with the<strong> Registrar of the Companies.<\/strong><\/p>\n\n\n\n<div class=\"shadow1\">Highlights- To ease the process of doing business, MCA has introduced a new form SPICE+ by replacing the SPICE form. The form was effective from 15th February 2020.<\/div>\n\n\n\n<p>For incorporation<strong>, SPICE + <\/strong>is to be filed<strong>. <\/strong><a href=\"https:\/\/corpbiz.io\/learning\/new-spice-plus-form-launched-by-mca\/\"><strong><em>SPICE+ FORM<\/em><\/strong><\/a> comprises of 2 parts-<\/p>\n\n\n\n<p><strong>PART A &#8211;\nName reservation <\/strong><\/p>\n\n\n\n<p><strong>PART B &#8211;\nOther processes of incorporation<\/strong>. After Name reservation, it\ncovers all the incorporation application i.e.<\/p>\n\n\n\n<ul><li>DIN Application.<\/li><li>Issue of PAN and TAN<\/li><li>Mandatory issue of EPFO, <a href=\"https:\/\/corpbiz.io\/esi-registration\"><strong>ESIC Registration<\/strong><\/a>, and also <a href=\"https:\/\/corpbiz.io\/professional-tax-registration\"><strong>professional tax registration<\/strong><\/a> (In Maharashtra).<\/li><li>Bank Account for the company.<\/li><li>GSTIN Allotment.<\/li><\/ul>\n\n\n\n<p>For\nincorporation, it is a prerequisite to obtaining a<strong> Digital Signature\nCertificate<\/strong> by the Certifying Authority. DSC ensures the authentication of\nthe document.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_required_for_Indian_Subsidiary_Company_Registration\"><\/span>Documents required for Indian Subsidiary Company Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The document required for <\/em><\/strong><em><a href=\"https:\/\/corpbiz.io\/indian-subsidiary-registration\"><strong>Indian Subsidiary company registration<\/strong><\/a><\/em><strong><em> is as similar as documents required for company registration &#8211;<\/em><\/strong><\/p>\n\n\n\n<ul><li>Id and Address Proof of the directors and shareholders. However, in the case of the foreign applicant, Passport is mandatory, and all the documents must be certified by the Indian Consulate.<\/li><li>Before applying for registration DSC of the director is required.<\/li><li>Photographs of the directors and Shareholders.<\/li><li>DIN of the designated directors and shareholders.<\/li><li>SPICE+ Memorandum of Association and SPICE+ Article of Association.<\/li><li>Address proof of the Registered Place of business.<\/li><li>Rent Agreement <strong>(If the director has taken a property on rent).<\/strong> However, in the case of Owned Property <strong>(Copy of Property papers is required).<\/strong><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Other details that are required for incorporation<\/h3>\n\n\n\n<ul><li>Type\nand class of company<\/li><li>Description\nof the capital layout of the company.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Documents required as an Attachment<\/h3>\n\n\n\n<ul><li>Id and\nAddress Proof the subscriber and directors.<\/li><li>MOA AND\nAOA<\/li><li>Proof\nfor a place of business i.e., address proof of office.<\/li><li>Declaration\nby the first director and the subscriber<\/li><li>Certificate\nof Incorporation of the Foreign Company and all the documents related to it.\ni.e., MOA and AOA of the respective Company.<\/li><li>A copy\nof the resolution passed by the Foreign Company.<\/li><\/ul>\n\n\n\n<p>After\nfilling all the requisite documents and by making online payment to ROC, the\nROC, if satisfied, will issue a Certificate of Incorporation to the company.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Indian_Subsidiary_Company_%E2%80%93_Annual_Compliances\"><\/span>Indian Subsidiary Company &#8211; Annual Compliances<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>Indian\nSubsidiary Company has to follow Annual Compliances as per the following acts-<\/em><\/strong><\/p>\n\n\n\n<ul><li>As per the Companies Act,2013 and filing of Annual Returns<\/li><li>As per the Income Tax Act,1961 and <a href=\"https:\/\/corpbiz.io\/income-tax-return-filing\"><strong>filing of Income Tax Return<\/strong><\/a><\/li><li>FEMA Guidelines<\/li><li>RBI Guidelines<\/li><li>SEBI Guidelines<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Takeaway\"><\/span>Takeaway<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Indian\nSubsidiary Company is treated the same as the other type of Indian Company, and\nthe rules governing the Indian Company are the same for the Indian Subsidiary\ncompany. If the applicant company complies with the above-mentioned procedure\nalong with the documents, it will get the COI at earliest. <\/p>\n\n\n\n<p>For more incorporation related query, you can contact us on <a href=\"https:\/\/corpbiz.io\/\"><strong><em>Corpbiz<\/em><\/strong><\/a>; our experts will assist you to incorporate the Indian Subsidiary Company or any other type of company.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/annual-compliance-of-a-public-limited-company\/\">Annual Compliance of a Public Limited Company: Rules and Procedures<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subsidiary Company is a company that is owned (Fully or partly) and controlled by another company. When a company exercises control of another company, the later company usually becomes a Subsidiary company. The former company which keeps control of the subsidiary company is termed as Parent Company or Holding Company. The control of the subsidiary [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":6117,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1,1035],"tags":[457],"acf":{"service_id":"7"},"authorName":"Priyanka Bajpayee","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/03\/IMG-20220303-WA0005.jpg","authorDescription":"A Company Secretary together with PG in international Business, she has gained significant experience as legal content writer. She has keen interest in doing research and writing on legal and financial subject matters. She also holds work experience in legal compliances.","postViews":10019,"readingTime":3,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/6115"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=6115"}],"version-history":[{"count":17,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/6115\/revisions"}],"predecessor-version":[{"id":50755,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/6115\/revisions\/50755"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/6117"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=6115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=6115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=6115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}