Income tax Return

  SUBSIDIARY COMPANY INCORPORATION IN INDIA   There are many options available for foreign company registration in India like branch office, liaison office, subsidiary companies etc. However, one of the most popular and tax efficient manner of business set up in India by foreign companies is in the manner of Subsidiary Company Registration in India . Here, parent company holds more than 50% shares of the Indian company to make it its subsidiary. In case 100% shares of the Indian company are held by parent company, it is called as wholly owned subsidiary of its parent company. Here, the status of Indian subsidiary company would be that of an Indian entity unlike branch office or liaison office, which remains a foreign entity in India. Subsidiary company can be in the form of private limited companies as well as public limited companies. Steps Involved in Subsidiary Company Registration in India Following are the basic requirements and steps involved in subsidiary compan

  Private Limited Company Registration There are many forms of company registration in India like sole proprietorship firms, partnership firms, public limited companies, private limited companies, One Person companies and limited liability partnership firm. However, private limited company registration is one of the most popular forms of entity registration in India. Some characteristics of private limited company in India are as under: a)       It has minimum 2 members and can have maximum 200 members   b)       It shall have minimum 2 directors and shareholders, out of which at least  one director must be an Indian Resident and Citizen.   c)       It has limited liability i.e the liability of the shareholders are limited to maximum number of shares held by them   d)      It has separate legal identity from its members and shareholders; therefore, it can sue and can also be sued by outside parties.   e)       It restricts the right to transfer the shares; it m

  Foreign Company Registration in India  Over the years, the Government of India has eased the restrictions for making investment in India by foreign companies, foreign citizens and Non Resident Indians. This has resulted in more and more foreign company registration in India . Further, the government has framed the policies for extending the Ease of Doing Business in India and made necessary changes in this regard across the board whether it is FEMA regulations, FDI guidelines or RBI policies. Various states have also provided one window clearance system to reduce the time taken for various approvals before commencement of business operations. These measures have facilitated improving the ranking of India in ease of doing business. Further, this has encouraged more and more companies opting for company registration in India.   The government has provided its permission even to NRIs to make investment in India. Accordingly, NRIs and foreign companies can make investment in Indi

  Private Limited Company Registration Congrats for your new private limited company registration in India . However, are you aware of the fact that the taxation and regulatory compliance in India are quite cumbersome and any noncompliance of rules and regulations may lead to unnecessary interest and penalty and in some cases, even lead to imprisonment? 1) Therefore, it is very important for every Directors and officers of the company to keep note of various compliances to be done post company registration in India. 2)  In this writeup, we are providing an overview of various things to be done immediately by every private limited company in India.  3)        Hold Board meeting within 30 days of private limited company registration in India and appoint auditors of the company.   4)       Open the bank account and bring the share subscription money in the proportion of shareholding of the shareholders.   5)    Obtain certificate of commencement of business within 180 days of c

  FOREIGN COMPANY REGISTRATION IN INDIA SUBSIDIARY COMPANY REGISTRATION IN INDIA WHOLLY OWNED SUBSIDIARY Branch Office Vs Subsidiary Company Registration in India Whenever a foreign company is desirous of setting up business in India, it has many options of foreign company registration in India like branch office registration, liaison office registration, LLP registration and subsidiary company registration in India . In this write up, we have made a comparison between branch office registration and subsidiary company registration in India. What is a Branch Office? A Branch Office is a direct expansion of the parent company and it is engaged in core activities like a head office. It is meant to help generate revenue for the company and within the particular geographic region or territorial boundary. However, it is not a separate legal entity from the parent company or head office. It performs support and implementation-related tasks without having any individual bu