Wholly Owned Subsidiary in India

No, company registration is a completely online process. All the required documents are filed electronically, so you would not need to be physically present at all. You would just need to send us scanned copies of all the required documents & forms.

A Foreign Company can incorporate a Wholly Owned Subsidiary (WOS) Private Limited Company with majority stake, while the remaining stake shall be issued to a person/body corporate/trust nominated by a foreign company who shall hold the share in beneficial interest on behalf of the company. This is in order to satisfy the minimum shareholder criteria of number two (2) in case of Private Company and seven (7) in case of Public Company as per the Indian Companies Act.

Yes, directors and shareholders can be the same person in a company. But if you want to have separation in ownership and management, then you can appoint a different individual as shareholders and directors.

Yes, a company should get its book audited and file the same with the Registrar of Companies (ROC) every year.

Yes, you can register the company at your residential address. You need to submit the utility bill of your home address along with the No Objection Certificate from the owner of the premises.

Yes, NRIs and Foreign National can become directors and shareholders in a Wholly Owned Subsidiary (WOS) Company along with the required documents, also they can hold majority shares in the company. However, at least one Director on the Board of Directors should be a permanent resident of India.

Yes, you can induct or allot shares to any other Private Limited Company, Public Company, LLP, Body Corporate, Registered Society.

GST registration is required for those businesses whose aggregate turnover crosses the prescribed limit or such business that does the inter-state supply of goods/services, etc. So, every company has to check whether it supplies goods to different states or qualifies for the prescribed turnover limit or any other conditions as specified under GST laws. For more information, you can visit – https://registrationarena.com/gst-registration/

No, there is no renewal of a Wholly Owned Subsidiary (WOS) Company, once it’s registered it will be valid for a lifetime. However, you have to do mandatory compliance every year.

Yes, a company that receives Foreign Direct Investment (FDI) must comply with the FEMA provision and needs to file Form FC-GPR with RBI within 30 days from the date of receipt of money in respect of the shares allotted. Further, equity shares, debentures, or preference shares of Wholly Owned Subsidiary (WOS) should be issued within 60 (sixty) days from the date of receipt of the money. In case, if the instruments are not issued within 60 days, the amount of consideration so received should be refunded within fifteen (15) days to the non-resident investor.

Yes, Wholly Owned Subsidiary (WOS) Company needs to file FLA return to RBI before 15^th July after the end of the relevant financial year.