Skip to content
Neeraj Bhagat & Co.
  • Home
  • Blog
  • Enquire Now!
Compliance chart for Incorporation and other related compliances for subsidiary Companies in India
April 8, 2020 / Companies Act

Compliance chart for Incorporation and other related compliances for subsidiary Companies in India

Article contains Compliance chart for Incorporation and other related compliances for wholly owned and other subsidiary Companies in India. It further explains provisions related to Directorship in Subsidiary or Wholly Owned Subsidiary Company, Mandatory Declaration to be filed under Section 89 of the Companies Act, 2013 in case of Wholly Owned Subsidiary Company and Compliances under FEMA, RBI/FDI Reporting in case the Holding Company is a Company Incorporated outside India.

Types of Subsidiary Company

TYPES OF SUBSIDIARY COMPANY IN INDIA

Important Note: The Holding Company Holding 99.99% shares can change the nominee of 0.1% shares at any time by passing the Board Resolution as such nominee has only be appointed by the Holding Company to comply with the provisions of Section 3 of the Companies Act, 2013 stating the minimum requirements of 2 shareholders in case of Private Company.

Directorship in Subsidiary or Wholly Owned Subsidiary Company:

Minimum No. of two directors in case of Private Limited Company and out of those two one director should be resident in India as laid down under the Companies Act, 2013 and rules made there under.

Resident in India means a person should resides in India for a period of 182 days or more in fiscal year.

Mandatory Declaration to be filed under Section 89 of the Companies Act, 2013 in case of Wholly Owned Subsidiary Company:

Post navigation

Previous Post:

Start-up laud Finance Bill amendments

Next Post:

FDI in Construction Development sector in India

Drop us a message

captcha

Recent Posts

  • Universal Account Number (UAN) and KYC: FAQs and Guidelines September 25, 2023
  • Differentiating Between Foreign Trade and Foreign Investment September 15, 2023
  • GST Refunds on Export August 23, 2023
  • Demystifying the Reverse Charge Mechanism (RCM) under GST August 16, 2023
  • In-House vs. Outsource Accounting: Which Is Right for Your Business? July 29, 2023
  • Reasons Why Your GST Registration Might Get Suspended July 7, 2023
  • The Importance of Accurate ITR Filing: A Comprehensive Guide with FAQ June 22, 2023
  • Foreign Direct Investment (FDI) – Importance and Types June 9, 2023
  • Trademark Registration in India: A Comprehensive Guide May 27, 2023
  • Valuation Certificate: An In-Depth Guide for Indian Businesses May 22, 2023

Categories

  • Business (80)
  • Companies Act (25)
  • Company Formation / Registration (6)
  • Consultant (1)
  • Direct Taxation (36)
  • FDI (8)
  • FEMA (21)
  • Foreign Investment (16)
  • Goods and Services Tax (GST) (47)
  • News (1)
  • Others (21)
  • Tax Consultancy (4)
  • Taxation (20)
  • Uncategorized (2)