Share requirements + documents
Share your requirements and the list of documents mentioned below.
Efficient and professional support throughout! Wazzeer’s experts simplified complex accounting tasks, proving their dedication to customer satisfaction. Moreover, their responsiveness to queries and updates on the progress were impressive. Wazzeer’s comprehensive services were worth every penny invested. I can wholeheartedly recommend Wazzeer to anyone seeking reliable and efficient legal solutions for their business needs.
Priyank Tiwari
Co-Founder and CBO at Nutritap
Outstanding legal advice! Wazzeer’s team of experts proved to be true professionals, guiding me flawlessly through the intricate incorporation process. From the initial consultation to the final paperwork, they displayed remarkable expertise and dedication. Their personalized approach and attention to detail instilled confidence in me, making the entire experience stress-free.
Marc Rouhana
Co-Founder and CEO at Onscreen
Compliance worries? Not anymore! Wazzeer’s compliance services are reliable and saved me time and effort. Impressed by their efficiency!
Atul Shree
Founder at Convin.ai
Accounting made stress-free! Wazzeer’s experts streamlined my finances, maximizing my tax benefits. A trustworthy platform for entrepreneurs. Thanks a lot to the entire team.
Sreedhar Bevara
CEO at BMR Innovations
Wazzeer exceeded my expectations! Their legal team swiftly resolved my contract issues, ensuring a seamless experience. Highly recommended for top-notch service!
Abhijit Roy
Co-founder and CEO at Golden Pi
We have been very pleased with the services being offered by Wazzeer.com. Best part is that you have a dedicated account manager who takes care of all your legal, accounting, compliance, audit related services, so instead of dealing with 4-5 professionals you deal with just one individual.
Vaibhav Pandey
Co-founder at I2I Funding
Why Subsidiary?
- To start Operations in India
- It gives operations and strategic control
- Ease in bringing in funds for Indian operations
- Retaining the brand name of the parent company
Requirements to start an Indian Subsidiary
- At least 2 shareholders – maximum of 200
- At least 2 Directors – Maximum of 15
- At least 1 director should be resident of India
- Directors and shareholders can be the same person.
Process Flow
Step 1
Step 2
DSC application
For those who do not already own Digital Signature Certificate, we will help in applying for it as it is used for signing documents digitally
Step 3
Board resolution of parent company
We will help in providing the draft that would get permission from parent company for setting up a subsidiary company in India.
Step 4
Application for name approval
Select two names and either of them available would be would be approved by MCA, if both names are not available we need to reapply
Step 5
Drafting of AoA , MoA
We will help in drafting the Memorandum of Association which contains an object clause, name clause, etc as well as the Article of Association which contains all the guidelines of company operations
Step 6
Application for Incorporation and Approval
We will submit an application for incorporation to MCA and only after their approval certificate of commencement of business would be received
Step 7
Sharing Deliverables
We will share DSC, MoA, AoA and certificate of commencement as deliverables
Documents required
Parent Company Documents:
- Certificate of incorporation
- MOA & AOA
- Certificate of registration of trademark (if held)
For each director and shareholder of Indian subsidiary:
- PAN card* (Mandatory for Indians & others if held)
- Passport* (for NRI, Foreigners, and Indians if held)
- Address proof ( any one of ) ( Not more than 2 months old)
- Bank Statement
- Phone Bill
- Mobile Bill
- Electricity Bill
(Note – For NRI & Foreigners Documents signed outside India must be notarised & apostilled)
For Registered Address:
- NOC from Owner*
- Rent Agreement*
- Utility Bill*
Deliverables
- DSC of directors/members
- PAN & TAN
- Certificate of incorporation
- MoA and AoA.
Why choose Wazzeer?
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One platform for all your requirements
Incorporation is just the first step. Wazzeer supports you throughout your journey as an entrepreneur. Log in to get things done efficiently. A dedicated Account Manager offers the required human touch and acts as an advisor to you.
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Experienced professionals
Our professionals have at least 5 years of experience and have incorporated thousands of companies among them. The rich experience ensures that the process is smooth and right in the first go.
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Defined process
Over the last few years, doing over 500 incorporations, we have defined every step of the process. A virtual process is in place enabling us to deliver hassle free experience for you.
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Cost Effective
You pay what you see in the proposal. No surprises or hidden charges.
Frequently Asked Questions
What are the requirements to be a Director?
The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, foreign nationals can be Directors in an Indian Private Limited Company.
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Should the directors be physically present during this process?
No, the complete process can be carried online. Wazzeer has developed Standard Operating Processes that seamlessly delivers Business Registration 100% online. We might need you to sign a few documents and courier the hard copies.
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Can a Foreign Company or a Foreign Corporation hold shares of a Private Limited Company?
Yes, Foreign Companies can hold shares of a Private Limited Company in India subject to Foreign Direct Investment (FDI) Guidelines.
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Can a Foreign Parent Company incorporate a Subsidiary in India?
Yes, Foreign parent or holding Companies, including USA parent companies, can incorporate a subsidiary, as a 100% owned Private Limited Company in India subject to Foreign Direct Investment (FDI) Guidelines.
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What are FDI Guidelines for Foreigners in a Private Limited Company?
100% Foreign Direct Investment is allowed in India in many of the industries under the Automatic Route. This means funds can be transferred to the Indian company’s account and it has to be reported to RBI only after the funds are transferred through a form called FC-GPR. Some sectors come under the approval route. Here, we should apply for permission (which is called FIPB approval) and only after the approval by RBI funds should be transferred
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What is a Wholly Owned Subsidiary Company in India by Foreign Company?
When a foreign company makes 100 percent FDI (Foreign Direct Investment) in India through an automatic route, the Indian company becomes the Wholly Owned Subsidiary Company of that Foreign Company. Let’s say ABC Inc. USA owns 100 percent shares in XYZ Pvt. Ltd. Then XYZ Pvt. Ltd. becomes the Subsidiary Company. This is possible where 100 percent FDI is permitted and no prior approval of Reserve Bank of India is required.
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What are the minimum requirements to start the wholly-owned subsidiary?
Minimum two directors (at least one Indian director), Minimum two shareholders, Minimum paid-up capital of Rs 1 lakh
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