Bangalore is India’s fastest-growing city to establish a subsidiary company in Bangalore is a quick, simple, and online process, Bangalore is known as India’s investment capital and the hub for launching new companies and startups for any business idea. It is an excellent location not only for starting a new business but also for expanding existing ones.

 

What is a Subsidiary Company?

A subsidiary is a company that is owned or controlled by another company, the parent company will typically own more than 50% of the subsidiary company, this gives the parent company a controlling stake in the subsidiary, in some cases simply being the majority shareholder is enough to gain control. Primary information on forming a subsidiary company with foreign shareholders are:

1) Directors: A minimum of two Directors are required & one of whom must be an Indian resident.

2) Shareholders: A minimum of two shareholders are required and both can be foreign nationals/foreign companies.

3) Office Address: It is mandatory to have an office address for subsidiary company registration in India.

 

Benefits of Registering a Subsidiary Company in Bangalore

a) It increases loyalty & credibility in regard to the company’s offerings.

b) Bangalore is a business hub and establishing a Private Limited Company in Bangalore is a sure bet.

c) It lends credibility to the company when applying for funds from the market.

d) Can easily apply for full legal benefits in the event of a 3rd party infringement/misuse.

e) It enables the company to have dependable assets while performing domestic and international tasks.

f) It is simple to obtain seed funding/investment in Bangalore.

 

Different Business structures that can be opted for by Subsidiary Companies in Bangalore

1) Private Limited Company.

2) Limited Liability Partnership.

3) Public Limited Company.

4) Branch Office & Liaison Office (Only with the approval of RBI).

 

Documents required for Subsidiary Company Registration in Bangalore

1) Board resolution from the subsidiary company to check the availability of the name and authorize representation.

2) Notary/Attestation and embassy attestation of documents belonging to the foreign entity’s representative for DSC application.

3) Indian director NOC address and identity proofs.

4) Rent Agreement and utility bill of the registered office.

 

How to Register a Subsidiary Company in Bangalore?

The same procedure is followed when establishing a subsidiary company in Bangalore as it is when establishing an Indian subsidiary, the applicant company must be aware of the steps that the authority requires to incorporate a company. The company must be registered with the Registrar of Companies.

a) Choosing a structure to incorporate after consulting with a legal expert.

b) Choosing the name of the company and registering the name.

c) All Directors & Shareholders must apply for DSC & DIN.

d) Creating the necessary legal documents such as the MOA & AOA.

e) Filing for incorporation with the Registrar of Companies using the SPICe+ application form.

 

Steps to Register a Subsidiary Company in Bangalore

Subsidiary Company can be registered in 8-10 business days after we receive your notarized and apostilled documents:

1) Apply for the name on the MCA portal & it takes around two days for name approval.

2) Get the documents like passport, and address proof, notarized & apostilled in your home country.

3) Send us the scanned copies of notarized & apostilled copies and we will upload the forms.

4) Get the Registration Certificate in 8-10 business days.

 

Highlighted

Foreign businesses that want to set up a subsidiary company in India & can do so by forming a company and registering it with the Ministry of Corporate Affairs (MCA) by establishing a subsidiary company in Bangalore, a foreign company gains extensive exposure to the Indian market as well as access to a larger talent pool.

Created & Posted by Jitender Kumar

Intern at TAXAJ

 

TAXAJ is a consortium of CA, CS, Advocates & Professionals from specific fields to provide you a One Stop Solution for all your Business, Financial, Taxation & Legal Matters under One Roof. Some of them are: Launch Your Start-Up Company/Business, Trademark & Brand Registration, Digital Marketing, E-Stamp Paper Online, Closure of Business, Legal Services, Payroll Services, etc. for any further queries related to this or anything else visit the TAXAJ | Watch all the Informational Videos Here.

 

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