Incorporation of Foreign Subsidiary in India
Company registration procedure in India has been simplified very much. To encourage foreign investments in India, MCA has improved the guidelines for incorporation of foreign subsidiary in India. If a foreign company wants to set up a subsidiary in India; they have to follow up the guidelines specified by the MCA. Foreign companies have to choose right business structure as per the Indian tax norms and rules and regulations. It is mandatory for foreign companies to take prior permission from Indian government for incorporation of foreign subsidiary in India.
Process for Incorporation of Indian Subsidiary
- Give a authorization for formation of Indian subsidiary company
- Choose the right kind of company to incorporate
- Create a company formation draft as per the law
- File the incorporation application with the registrar of companies
Foreign companies have to comply with the rules of MCA and FDI for successful incorporation of foreign subsidiary in India.
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