• Home
  • Contact Us
iBusiness Angel
No Result
View All Result
Sunday, April 2, 2023
  • Home
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing
  • Home
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing
No Result
View All Result
No Result
View All Result
Home Business

All You Need To Know On How to Incorporate a Subsidiary Company

by Clare Louise
November 6, 2020
in Business
0
All You Need To Know On How to Incorporate a Subsidiary Company
154
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

 

A company may sometimes create a new subsidiary company to minimize its risk while starting a new business or expanding into other regions. Such a subsidiary company’s control lies with the parent or holding company. The parent company owns most of the shares of the subsidiary, and has, therefore, control as the major shareholder. If you are planning to form a subsidiary company, you need to know everything about how to incorporate a subsidiary company so that your business runs smoothly. As it is complicated, you may choose to use a reliable company incorporation service like Morrison Management. 

As per law, a subsidiary company requires to meet all compliances generally applicable to all Indian companies. There should be a minimum of two directors and two shareholders in the firm to incorporate an Indian subsidiary company.

The step by step procedure to incorporate a subsidiary company

You need to take the following steps and this is a perfect guide on how to incorporate a subsidiary company:

  1.       At least two directors should apply for Digital Signature Certificate (DSC), and all of them need to apply for DIN (Director’s Identification Number)
  2.       The next step is to apply for the company name using Form INC-1. The name should be unique and not used by another company
  3.       Once the RoC (Registrar of Companies) of the Ministry of Corporate Affairs (MCA) approves the name, the applicant must file:
  •       Form INC-7 for application of incorporation of a company that is not a one-person company
  •       Form DIR-12, which contains details of directors and other key management executives
  •       Form INC-22 that is for Memorandum of Association (MoA), along with a situation clause notice
  •       After filing these forms, pay the RoC’s fees online, together with prescribed stamp duty. The stamp duty is based on the authorized capital of the subsidiary company
  •       Then, the RoC verifies the uploaded documents. The RoC may suggest changes or ask for further documents if required
  •       After making the changes, if the RoC approves the application after verifying all documents, it sends the Certificate of Incorporation to the applicant via email 

The documents required for incorporation of a subsidiary company

Related to the company:

  •       Memorandum and Articles of Association
  •       Address proof of registered business place. If it is a rented property, then a rent agreement, and if own property, then ownership agreements are required
  •       Duplicate of utility bills like electricity or phone bills
  •       The promoter company’s resolution copy
  •       If it is a foreign company, then a copy of the incorporation certificate
  •       The firm’s capital layout

Related to the directors and shareholders:

  •       DIN and DSC for the directors and designated shareholders
  •       Identity proof of directors and shareholders
  •       Address proof of directors and shareholders
  •       Copies of the latest photos of directors and shareholders
  •       Interests, if any, of the first directors in other businesses
  •       The directors’ and shareholders’ declarations, if any

If you are looking to grow your business in other regions or venture into other sectors, it will be beneficial to form a subsidiary company. 3E Accounting India is a leading firm providing incorporation services in India for all types of firms, including subsidiary companies. We are the most-experienced business service provider in India helping companies with incorporation procedures, accounting, taxation, and other related services. 

Clare Louise
Clare Louise
No Result
View All Result

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019

Categories

  • Accounting
  • Auto
  • Business
  • Coworking space
  • Featured
  • Finance
  • Human Resource
  • Industrial Fume Extractors
  • Industry
  • Investment
  • Laboratory
  • Law
  • Legal
  • Marketing
  • Real Estate
  • Sales
  • Tech

Recent Post

What Exactly Is Automated Digital Accessibility Testing?

March 26, 2023

How Photo Booths Can Help Your Event Succeed

March 25, 2023
Tips and Strategies from Top Event Companies in Singapore

Tips and Strategies from Top Event Companies in Singapore

March 22, 2023
The Future of Internet Technology Providers 

The Future of Internet Technology Providers 

March 22, 2023
Incredibly essential in hiring the professional law firm SEO agency

Incredibly essential in hiring the professional law firm SEO agency

March 21, 2023

Advertisement

Recent Post

What Exactly Is Automated Digital Accessibility Testing?

March 26, 2023

How Photo Booths Can Help Your Event Succeed

March 25, 2023
Tips and Strategies from Top Event Companies in Singapore

Tips and Strategies from Top Event Companies in Singapore

March 22, 2023

Quick Link

  • Contact Us
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing

Featured

Copyright © 2023 ibusinessangel.com | All Right Reserved .

No Result
View All Result
  • Home
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing

Copyright © 2023 ibusinessangel.com | All Right Reserved .

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In