Checklist for Incorporation of Foreign Subsidiary / Wholly Owned Subsidiary in India
Following details are required for WOS (to be incorporated)
1. Authorized Share Capital
2. Paid- up Capital
3. Per share value (Face value)
4. Number of Shareholders
5. Registered Office Address
6. Phone No. & Mail id of the Company
7. Copy of the utility bills (not older than two months)
Following details are required for Nominee Shareholder and Director (already having DIN)
1. Proof of identity and residential address- Self-attested PAN and Adhar
2. Mail id and phone number
3. Passport Size photo
Following details are required for Nominee Shareholder and Director (not having DIN)
1. Proof of identity –Self-Attested Passport or Driving License or Voter Id
2. Mail id and phone number
3. Passport Size photo
4. Duration of stay at present address.
5. Educational Qualification
6. Proof of residential address- Self-Attested Bank Statement(not older than 2 months)
7. Self-attested PAN and Adhar
8. Occupation
Following details are required for Authorised Signatory
1. Apostilled copy of Proof of identity – Self attested PAN, Adhar and Passport
2. Apostilled copy of Proof of residential address- Utility bill, Phone bill having complete address
Information/ Documents required from foreign Company
1. Apostilled copy of resolution of foreign Company mentioning the name of authorized representative, no. of subscription of shares.
2. Apostilled copy of Charter of Foreign Company (MOA, AOA, Certificate of Incorporation or any other equivalent document as per the country of Incorporation).
3. Apostilled copy of ID Proof of authorized representative, if such person is non – resident of India
4. Name of one Resident Director.
5. Name of Nominee (in case of incorporation of WOS)
6. In case Director does not have a DIN, it is mandatory to attach- Proof of identity and residential address of the subscribers (Duly apostille or notarized in country of origin)
7. Declaration from the foreign subscribers in respect of not having PAN. (Duly apostille or notarized in country of origin).
8. NOC from the owner of the property.
9. Proof of Office address (Conveyance/ Lease deed/ Rent Agreement etc. along with rent receipts)
Following other Documents are required
1. Memorandum of Association of Company (Physical copy of MOA shall be prepared) (Duly apostilled in country of origin).
2. Article of Association of Company (Physical copy of AOA shall be prepared) (Duly apostilled in country of origin).
3. Signature on EPFO document
4. Form INC-9 (Physical copy of MOA shall be prepared)
Post Incorporation
Step –I: Receipt of Subscription Money from Foreign Subscriber.
Step –II: Filing of e-form 20A – Declaration of Commencement of Business.
Step – III: Collect FIRC Certificate from the Bank as per FDI Guidelines.
Step IV: Issue Share Certificate to the subscribers.
Step V: File FCGPR with RBI as per FDI Guidelines.
Author Bio
Very informational, nicely explained. Thank you !!