Wholly Owned Subsidiary of Foreign Company in India

About us

We are the Group of Professionals compromising Chartered Accountants, Company Secretary and other professional Consultants providing Corporate law services, Company Registration and Incorporation Services in India. Our Team helps Foreign Company or entities to setup there business in India. We are specialise in opening and registering the Wholly owned Subsidiary, Liaison office, Branch office or Joint Venture in India. We can helps the foreign company to setup their Wholly owned subsidiary or any Indian Venture in almost every metro city in India. We have our offices in Noida, Gurgaon, New Delhi, Mumbai.

What is Wholly owned Subsidiary(WOS) of Foreign Company In India

When an Entity which is incorporated outside India (i.e Foreign Country), makes 100% Foreign Direct Investment (FDI) as per Indian FDI policy, the Indian company incorporated for this purpose is said to be wholly owned subsidiary of that foreign entity.
Under the current foreign investment policy, a wholly owned subsidiary can be established either under the automatic route, if the conditions specified therein are complied with (specific high priority industries) or obtain an approval from the FIPB.
This is the easy and best method for setup a foreign based Company in India, where entire hold on share capital of a Indian company is hold by Foreign Based Entity.

Key Feature of WOS

  • 1.WOS is regulated by Indian Companies Act, 2013
    2.All types of Business Activities are permitted such as manufacturing, marketing, services activity etc subject to FDI Norms.
    3.Treated as Domestic Indian Company and Indian Taxation apply and eligible for all exemptions and deduction as applies to Domestic Companies.

In India, there are two form of company incorporated
1. Private Limited
2. Public Limited
Private Limited Company has following characteristics:
• shareholders’ right to transfer shares is restricted
• the number of shareholders is limited to 200; and
• an invitation to the public to subscribe to any shares or debentures is prohibited.
• Minimum paid up capital is ₹1,00,000.
• Minimum 2 Director and 2 shareholder, One will be Indian Resident Director.
Public Limited Company has following characteristics:
• It must have at least seven shareholders.
• Minimum paid up capital must be ₹5,00,000
• It must publish a prospectus or file a statement in lieu of a prospectus before it can start transacting business.
• A public company is required to have at least three directors.

Documents required for Registration/setup of Wholly Owned Subsidiary (WOS)
  • 1. 3 Passport Size photograph.
  • 2. PAN CARD (Not mandatory in case of Foreign Director).
  • 3. Passport (Mandatory for Foreign Director, Must be in English Language and duly apostile/Attested in Indian Embassy.
  • 4. Address proof (Driving License, Voter ID, Passport, Aadhar Card).
  • 5. Any one of following (Bank Passbook, Credit Card Statement, Telephone Bill, Electricity Bill).
  • 6. Proof of Registered office in India-Electricity Bill, Leased deed or Rent Agreement.
  • 7. If the proposed director is in foreign country then all the documents must be duly apostile/Attested in Indian Embassy by the home country & if director is presently in India then such apostile is not required.
Process required for registration/setup of Wholly Owned Subsidiary (WOS) in India
  • 1. Obtaining (Director Identification Number) DIN for all Directors.
  • 2. Obtaining Digital Signature for all the directors.
  • 3. Filling Application for Name Reservation for the proposed Company.
  • 4. Drafting Memorandum & Articles of Association.
  • 5. Subscription to the Memorandum by the shareholders and appropriate person.
  • 6. Submission of all the documents to the Concerned Registrar of Companies (ROC).
  • 7. Receipt of Certificate of Incorporation from the ROC.
  • 8. Apply for PAN CARD and opening of Bank Account.
  • 9. Submission of Documents for FDI Compliance after Subscription of Share Capital.

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    Noida(Head office)

    A-7, 1st Floor, Sector 10

    Noida, Uttar Pradesh-201301

    Contact us: +91-9811335090,+91-9911797386