Why register an Indian company and what are the conditions for incorporation of an Indian company

Register company in India:

Step 1: Legal registration.

Application for the proposed Director Digital Signature (Non-Resident) and Director Identification Number (DIN) declaration of approval for the Indian Branch.

Prepare and submit MOA and AOA and other relevant documents in order to obtain the "Certificate of Incorporation" from the Registrar of Companies (ROC).

Director's Resolution If the name of the subsidiary is the same, a noc shareholder affidavit from the parent company is required for the shareholder company's director's resolution.

Step 2: Open a bank account.

Open a bank account with an authorized bank and designate an authorized signatory to handle the bank account.

Step 3: Fiscal Registration.

Apply for Permanent Account Number (PAN) and Tax Reduction Account Number (TAN) for registration under the Delhi-Maharashtra Shops and Businesses Act, 1954.

After opening a bank account, capital is injected or funds are transferred.

Registered GST and Import/Export** (IEC).

Step 4: Compliance is complete.

Declare Foreign Direct Investment (FDI) to the RBI

The RBI issues a Unique Identification Number (UIN).

Allotment and report: 1) Prepare the necessary documents and ** such as FC, GPR; 2) Fill in the RBI and AD for the first release.

Prepare directors' resolutions related to ROC submissions.

After the stamp duty is paid, the issuance is approved by the Stamp Office**.

India is the largest country in South Asia and the seventh largest country in the world. It is bordered by China, Nepal and Bhutan to the north, Bangladesh and Myanmar to the east, Pakistan and Afghanistan to the west, and the Indian Ocean to the south. India is the second most populous country in the world, with a population of more than one billion people, and India is the largest democracy in the world.

English is the main business language and is quite widespread. The Indian rupee (INR) is the local unit of currency. After the deregulation of the economy in 1991, India focused on a free economy.

India is a member of the WTO and is gradually reducing import restrictions.

There are two main types of corporate structures in India, namely private limited companies and public limited companies. In addition, India may also have liaison offices and branches (not independent legal persons). A common form of company formation for private companies.

Advantages of registering a company in India:

1.There are a number of tax exemptions for companies established in special economic zones.

Businesses enjoy many tax benefits.

3.India has double tax exemption agreements with a number of countries.

4.Only a registered capital of INR 100 000 (approximately US$ 2500) is required to set up a private company.

5.Cheap labor.

6.With a huge human resource that is proficient in English, it is the world's leading hub for business process outsourcing and knowledge processing.

7.Entered Amazon India.

1.A minimum of 2 directors is required for a private company and 3 directors for a public company.

2.A minimum of 2 shareholders is required for a private company and a minimum of 7 shareholders is required for a public company.

3.A private company needs to have a maximum of 50 shareholders, and a public company does not have a limit on the number of shareholders.

4.One copy of the passport of the shareholder and two copies of the director's passport**.

5.A private company only needs a minimum registered capital of INR 100,000 (approximately US$2,500) for a real capital contribution, while a public company requires a minimum registered capital of INR 500,000 (approximately US$11,500).

6.It is necessary to have a physical place of business and a registered address.

7.Banks can open accounts in advance, but one of the directors must go to Shenchun Bank to activate the account.

8.Business introduction of the registered company.

9.Signed the company formation agreement.

10.Provide 3 company names.

11.Pay all the related fees.

We have top Indian lawyers based in China, Chinese partners who graduated from Tsinghua University and have long been engaged in research on Indian investment law and corporate law, as well as experienced business consultants, our business team is based in Beijing, the capital of the People's Republic of China, and has a business scope in Mumbai, Terry, Goa and Patna.