INFORMATION
1).There are following two ways through which foreign investment can be received:-.
a) Automatic Route :-
Under automatic Route, there is no need for prior approval of government or RBI(in most of the activities/sectors)
b) Government Route :-
Under government route,we have to obtain prior approval of government. We need to attach approval obtained from government while uploading documents on MCA portal.
2) One Indian resident and address in India are mandatory for incorporation of subsidiary of company incorporated outside India.
Documents required for Incorporation
For incorporation of a company, we need documents/details in respect of Directors and shareholders of the proposed company. We need to upload the documents/details on MCA portal. After verification(by MCA) of all the documents/details uploaded , MCA will approve the incorporation of company.
Following documents(Scanned Copy) are required for the incorporation of the company :-
1. For Directors and Subscribers
- Proof of Identification (Passport/ DL/ Voter ID Card)
- Bank Statement (Not older Than 3 Months)
- Passport size photo
- PAN & AADHAAR
In case of Non Resident
- ID proof of Authorized representative of foreign Company / nominee of foreign company, Subscriber, and Directors required to be apostille/ notarized in the country of origin, if such person is not citizen of India.
- If above mentioned person are available in India on Business Visa, then documents are not required to apostille.
2. For Company
- Copy of Utility Bill of proposed Registered Office (Bill shall not be older than 2 months and the name of the owner of the property should be mentioned in the utility bill)
- Office Address Proof (Rent Agreement mentioned therein the name of any one director if rented property otherwise conveyance deed)
- In the case of rented property NOC required from the owner of the property.
Process
Frequently Asked Questions
Whether subsidiary of foreign company can be incorporated with the original name of Holding Company?
Yes, Original name of holding company can be used with addition of word ” India” or name of any Indian state or city.
Whether ID proofs of foreign subscribers are required to be notarised by public notary from the country of origin?
ID Proof of authorised representative of foreign company/nominee of foreign company is required to be notarized in the country of origin if such person is not citizen of India.
When documents of foreign subscribers are not required to be apostilled?
If foreign subscriber is present in India on “Business Visa” then documents are not required to be apostilled.
How to receive subscription money from foreign subscriber?
1). Open Bank account in the name of company
2). Receive of subscription money from foreign subscriber.
3).Collection of FIRC from the bank.
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