1. Business

Process of subsidiary company registration in Hyderabad

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Introduction

Hyderabad is the city of nawabs, with a thriving manufacturing, tourism, and information technology sector. It is the state capital of Telangana. Even though the city is rich in history and tradition, a foreign national establishing a subsidiary firm in Hyderabad is a fantastic idea. Form SPICe+ can be used to register a subsidiary company in Hyderabad online in 8–10 working days. A minimum of two shareholders are required to register an Indian subsidiary in Hyderabad, with one of them being an Indian resident. In this post, we will go through all of the procedures for registering a subsidiary business in Hyderabad, but first, we will define what a subsidiary company is?

What exactly is a subsidiary company?

A subsidiary is a business that is owned or controlled by another business. Typically, the parent business will possess more than 50% of the Indian subsidiary. This gives the parent business control of the subsidiary. In some circumstances, being the majority shareholder is sufficient to win control.

What are the different kinds of subsidiary companies?

A foreign national can establish the following categories of Indian subsidiary in Hyderabad:

  • Private Limited Company
  • Limited Liability Partnership
  • Liaison office
  • Branch office

Conditions for establishing a subsidiary corporation in Hyderabad

The following are the conditions for establishing an Indian subsidiary in Hyderabad:

  • There must be a minimum of two shareholders, one of whom must be a resident of India and the other a foreign national.
  • The Indian subsidiary’s office should be in the Indian city of Hyderabad.
  • The DIN of all directors involved is essential.

Registration Process of a subsidiary company in Hyderabad

When creating an Indian subsidiary, the same procedure is undertaken as when founding a subsidiary company in Hyderabad. The applicant corporation must be aware of the measures required by the authority in order to establish a company. The Registrar of Companies (ROC) must register the Indian subsidiary. The following is the procedure for registering a subsidiary company in Hyderabad:

Step 1: The first step is to gather all of the paperwork required for registration.

Step 2: Choose a name for the Subsidiary Company that was registered in Hyderabad.

Step 3: The third stage is to draught the AOA and MOA for the Subsidiary Company, which includes information such as share capital, member details, liability to members, shareholding details, and so on.

Step 4: Submit a subsidiary registration application in the appropriate form, Form SPICe+:

Spice+ is separated into two sections:

Part A: Fill out Part A of the Spice+ form to reserve the company’s name. It can be used to obtain approval for the proposed company’s name as well as to file for company registration all at once.

Part B: Fill out Part B of the Form Spice+ to request the following services:

  • Incorporation
  • DIN allocation
  • PAN registration is required
  • TAN registration is required
  • EPFO registration is required
  • ESIC registration is required
  • Profession Tax Registration (Hyderabad) is required.
  • Mandatory opening of a company bank account and allocation of a GSTIN (if applied for)

Step 5: Open a bank account in Hyderabad in the Subsidiary Company’s permitted name.

Documents required for the formation of a subsidiary company in Hyderabad

The following documents are necessary for forming an Indian subsidiary in Hyderabad:

A. Company-related documents:

  • Memorandum of Association and Articles of Association.
  • The lease agreement must be presented as proof of address if the property is rented; a copy of the ownership papers must be produced if the property is owned.
  • Copy of utility bills.
  • A copy of the resolution of the promoter firm.
  • Copies of the company’s capital structure
  • A copy of the Certificate of Incorporation of the Foreign Corporation.

B. Documents related to directors and shareholders:

  • A Director Identification Number (DIN) and a Digital Signature Certificate (DSC) are required for directors and authorized shareholders.
  • Identification and address documentation for shareholders and directors.
  • Photographs of the Board of Directors and Shareholders.
  • Investments by the First Directors in Other Entities.
  • Declaration of Directors and Shareholders.

Conclusion

We will end by stating that establishing an Indian subsidiary in Hyderabad is a wise decision. Because you will receive broad exposure to the Indian market and will have access to a larger pool of talent. A large number of experienced professionals, government support for business-friendly rules, and a knowledgeable workforce are just a few of the factors that make Subsidiary Company Registration in Hyderabad easier.

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