A Partnership firm is a business entity created by persons who have agreed to share profits or loss of the business. Partnerships are a very good choice of business entity for small enterprises wherein two or more persons decides to contribute to a business and share the profits or losses.

Partnership Firm is the most suitable type of business structure as it is very easy to form, and a minimum of two people are required to form a Partnership Firm online. In a Partnership firm, there are very minimal compliances in comparison to other business entities.

In simplified language, we can say that partnership creates a relationship between two or more people who have agreed to carry on a business for profit, and these people are known as partners.

Partnership Firm Registration

To set-up, a Partnership Firm in India, partnership firm registration is not necessary however it is always advisable to register a partnership firm to avail the legal benefits which cannot be availed in case the partnership firm is not registered. Partnership Firm registration is the complete discretion of partners.

Features of Partnership Firm Registration

• Minimum two persons are required
• Responsibilities and duties are shared among the partners of the Company
• Easy to set-up as partnership firm registration is optional
• Minimal legal formalities
• Fewer Compliances
• A minor cannot become a partner
• Flexibility in decision making
• Inexpensive to establish

Consequences if the Partnership Firm is not registered

• A partner of an unregistered firm cannot file a suit in any court against the firm or other partners for the enforcement of any right arising from a contract or right conferred by the Partnership Act.
• No suit to enforce a right arising from an agreement can be instituted in any Court by or on behalf of a firm against any third party unless the firm is registered.
• An unregistered firm or any of its partners cannot claim set-off or other proceedings in a dispute with a third party.

Documents for Partnership Firm Registration

• Partnership Firm registration application in Form 1
• Certified Copy of notarized Partnership Deed on stamp paper
• Specimen of Affidavit
• Ownership documents in case property are owned.
• If the property is on rent then rental agreement as a proof of principal place of Business
• ID Proof and address proof of all the partners (PAN/ Aadhar Card/ Driving License/ Copy of voter ID/ Passport)
• Copy of latest electricity bill or water bill or property tax receipt

Advantages of a Partnership Firm

One of the main advantages of a Partnership Firm is that there are very minimal requirements in terms of compliance. For instance, a Company or LLP requires the annual filing of its financial statements with the Registrar of Companies. Such documents filed with the MCA are also made public documents. On the other hand, registered/unregistered Partnership Firms are not required to file any annual returns, and the financial statements of a partnership firm would NOT be made publicly available. Also, the accounts of a registered / unregistered partnership firm are not required to be audited. Whereas, the accounts of a Limited Liability Partnership (LLP) are required to be audited by a practising Chartered Accountant when the turnover exceeds Rs.40 lakhs per annum or when capital contribution exceeds Rs. 25 lakhs.

Disadvantages of a Partnership Firm

Partnership firm does not provide its Partners with limited liability protection and does not have perpetual existence. Also, the interest of a Partner in a Partnership firm is not easily transferrable, and the ownership structure does not allow for investment from Angel Investors, Venture Capitalists or Private Equity Firms. Banks / Financial Institutions also prefer to lend to Companies than Partnership Firms as Companies are separate entities and the regulatory requirement for financial reporting of Companies – makes a company more transparent and structured.

Post Partnership Firm Registration Requirements

Once the Partnership Firm registration is completed, you have to take the necessary steps in order to make a strong place in the industry.

• Bank Account Opening

First, you have to open a bank account on the name of the partnership firm within 30 days of the partnership firm registration. For bank account opening you would have to submit PAN and other documents as required by the bank.

• Intellectual Property Registration

Intellectual property registration gives protection to the trademark and patent from infringement and duplication. With this, competitors cannot affect your brand and market value. The logo provides protection under the Trade Marks Act.

• Drafting Documents

The growth of the firm depends upon standardized policies and procedures. The partnership firm shall set up policies and enter into certain agreements on the basis of its structure.

• Stationary

The next step is the printing of stationery such as billheads and letterheads, consisting of the name of the firm.

• GST Registration

GST Registration is required for Business with annual turnover exceeds Rs. 40 Lakhs (Rs 20 Lakhs for Northeast states). GST registration is mandatory for particular businesses like Export-Import, E-commerce, and Market Place Aggregator.

Tax compliances for Partnership Firm Registered in India

It is mandatory for partnership firms in India to obtain Permanent Account Number and Tax Deduction Account Number from the Income Tax Department after Partnership Firm Registration.

Partnership Firm has to file a return of income irrespective of the revenue or loss. In the case of a partnership firm, the income tax rate on the total income will be 30% and surcharge on income tax.

Providing Solutions

We at SGA not only help our clients with opening and maintaining a registered firm for but also help them with their different statutory and legal compliances so that they will not have to go elsewhere for these works.

Section 2 (62) of Companies Act says a company with only one person as its member falls under the criteria of One Person Company or OPC. OPC is owned and managed by one person only. Moreover, all the members of the OPC are followers to its memorandum of association or its shareholders.

One Person Company is a brand-new concept which gives full authority over the company to the single promoter while limiting its liability or duties to contribute to the business.

Advantages of One Person Company Registration

1. No Minimum Capital

There is no minimum capital required for OPC registration. However, the maximum Authorize capital of One Person Company shall not exceed Rs 50 lakhs at any point in time.

2. Liability on Director is Limited

There is a limited liability related to One Person Company which means the liability on the Director is limited. The personal asset of the Director won’t be attached to the debt of the business. The property is safe.

3. Fewer Compliances

The compliances under OPC registration are very less as compared to any other company. OPC registration process can be done with minimum paperwork.

4. Continuous Existence

The death or illness or incapacity of the director won’t disturb the ongoing process of the company as the nominee director will hold the rope to continue the business.

5. Greater Credibility

As an OPC needs to have its books audited annually, it has greater credibility among the vendors and the lending institution.

6. No legal Disputes

Now, when the company is registered with one person, then there is no chance of any legal disputes arises between the director or any other third party.

Steps for OPC Registration

Apply for DSC

The proposed directors must obtain Digital Signature Certificate (DSC), which cannot be obtained without submitting the following documents:

• Address Proof
• Aadhar Card
• Photo
• Email-id
• PAN Card
• Phone Number

Apply for DIN

Obtain the Director Identification Number (DIN) of the proposed Director. Provide the details like name and address proof of the proposed director in SPICe form. Now up to three directors can apply for the DIN within SPICe form.

Name Approval Application

Once you have applied for DSC and DIN, the next step is to process for name approval application. The name of the company will be available in the form of “ABC (OPC) Private Limited”.

There are two ways to get name approved: first is to make application in Form SPICe 32 or the second way is to use RUN Web service of MCA by providing one preferred name along with the reason of keeping it. Though, on March 23, 2018, Ministry has come to a decision to permit two proposed Names and one re-submission (RSUB) at the time of preserving Unique Names (RUN) for the companies.

Documents for One Person Company Registration

• Memorandum of Association (MoA); states why the company come into existence.
• Article of Association (AoA), consists of the laws on which the company will operate.
• A proof of nominee consent in Form INC-3 along with nominee’s PAN card and Aadhaar card
• NOC from the owner and proof of registered company office
• Affidavit of the proposed director in the Form INC-9 and DIR-2 respectively

Filling of forms with MCA

Attach all the documents to SPIce Form, SPICe-MOA and SPICE –AOA. Also, provide the DSC of the directors and the professional, and upload all the details to the MCA site for approval.

Once you have uploaded the file, you will receive Form 49A and 49B for the PAN and TAN which have to be uploaded to MCA after affixing the DSC of the proposed Director.

Issue of Certificate of Incorporation

Once your all documents are verified, the Registrar of Companies will issue a Certificate of Incorporation.

Mandatory Compliance for OPC Registration

• Conducting minimum two board meetings as stated under the Act.
• Statutory audit of financial statements by chartered accountant
• Appointment of Auditor
• Filing of ITR
• Annual filings to the registrar of companies
• Keeping up statutory registers
• Form AOC-4 for financial statement
• MGT-7 for an annual return

Tax Compliance for One Person Company

Filling for Income Tax Returns is a mandatory thing for One Person Company.

TDS should be filed quarterly mentioning the TAN. If company has employees then deducting tax at source become necessary.

If OPC has more than ten employees then getting an ESI registration by law becomes necessary

As per the Income-tax law, an OPC is liable to pay 30% of its income to the taxation authority in the fiscal year.

Providing Solutions

SGA is looking forward at providing services to their prospective customers that are at par with the best industry practices with the help of our experienced professional who have immense experience of incorporating and running a company.

A Limited Liability Partnership is a separate legal entity from its partners having perpetual succession. LLP Registration is a corporate body, incorporated as per Limited Liability Partnership Act, 2008.

The basic premise behind the introduction of Limited Liability Partnership (LLP) is to provide a form of business entity that is simple to maintain while providing limited liability to the owners. Since, its introduction in 2010, LLPs have been well received with over one lakhs registration in India.

Process of LLP Registration in India

Element in LLP Registration Process:

• Filing Of LLP Application Form : Appoint Nominated Partners & Designated Partner who file e formFiling 
• Obtaining DSC & DPIN for LLP : Digital Signature Certificate and Designated Partner Identification Number in the name of the person who is Designated Partner of a LLP.
• Verification and Name approval : Register a unique name for the LLP.
• Document submission for LLP Registration : Documents Like PAN Card, Adhaar Card, Address proof etc need to be
• Drafting of LLP Agreement : LLP agreement is filed within 30 days to register.
• LLP Registration Certificate : Apply for Certificate of Incorporation along with LLPIN (Limited Liability Partnership Identification Number)

Steps for Limited Liability Partnership Registration

• The first step is to find and reserve the name for the LLP. Filing of e-form 1 by the Designated partner to check the availability of the LLP name.
• The name is then reserved by the Ministry for the applicant for the time duration of 90 days. If the LLP incorporation is not done by the applicant within 90 days, it would be deemed to be rejected and will be made available for others.
• The applicant files an e-form 2 for the incorporation of new LLP by mentioning all details of the Nominated and Designated partners in it.
• The expressed consent required of all the partners, including Designated Partners for the particular role.
• After following the above procedure, the applicant files an e-form 3 for the LLP Agreement within 30 days of the LLP incorporation. According to Section 23 of the Limited Liability Partnership Act 2008, the LLP agreement is mandatory.

Documents for LLP Registration

For the Partners

• PAN card details of all the partners
• Identity Proof such as Aadhaar card, PAN card, Driving License, Voter Id of all the designated and nominated partners;
• Address Proof of all the proposed partners of the LLP.
• Obtain No Objection Certificate from the landlord of the business place.
• DSC or Digital Signature Certificate of the designated partners
• DPIN or Designated Partner Identification Number of all the designated directors
• Passport in the case when a partner is NRI or foreign national

Registered Office Proof

• Utility bill such as telephone, gas, water or electricity bill of the registered office as a residential proof of the business place. It should not be older than 2 months.
• The authorization from the Landlord (Name mentioned in the Electricity Bill or Gas Bill or Water Bill or Property Tax Receipt or Sale Deed) to use the premises by the company as its registered office. This is usually referred to as NOC from Landlord

Penalties for LLP on Non-compliance

• In accordance with Section 35 of the LLP Act 2008, the LLP has to file Form 11 with ROC for Annual Return within 60 days. In case of the non-filing, Rs 100 per day is charged as penalty.
• In accordance with Section 34 of the LLP Act 2008, the LLP has to file Form 8 for a statement of Account and Solvency within 30 days. In case of the non-filing, Rs 100 per day is charged as penalty.
• The LLP has to file an income tax return in ITR 5. If in case of the non-filing of the return, the penalty is levied on the LLP.

Providing Solutions

SGA delivers a service packages that meets the specific requirement of emerging entrepreneur or start ups so that they will not have to go here there with their requirements and at the adjusting their needs as per the services provided to them curtailing their needs.

Private Limited Company is the most popular corporate entity that is registered extensively in India. It is governed by the MCA (Ministry of Corporate Affairs) and regulated by the Companies Act, 2013 and the Companies Incorporation Rules, 2014.

Benefits of Private Limited Company

There are many benefits of getting a private limited company registration:

• Private Limited Company can have a minimum of two members and a maximum of fifty members.
• Directors have limited liability to creditors.
• If there is any default, the banks or creditors need to sell off only the company’s assets but not personal assets.

Process for Online Private Company Registration in India

• Step1 – Application for Digital Signature Certificate

• Step2 – Application for Director Identification Number

• Step3 – Checking and then making an application for name availability.

• Step4 – Filing of MoA and AoA online to register as a Private Limited Company

• Step5 – Apply for PAN and TAN of the company.

• Step6 – Certificate of Incorporation by ROC with PAN and TAN

• Step7 – To open a Current Bank Account in the name of the company.

Name Approval

The proposed name is applied and obtained from the Ministry of Corporate Affairs. Upto 2 names can be provided. In case of rejection of both names, an opportunity is provided for re-submission of the form with 2 more names.

Digital Signature

Digital signatures must be obtained for the proposed directors of the company. Digital signature is required for signing of the incorporation application. However, digital signature is not required for obtaining the name approval.

SPICe+ form application

On obtaining the digital signature, the incorporation application can be submitted in the SPICe form with the MCA. There is no requirement for obtaining the RUN name approval for submission of SPICe Form.

Company Incorporation

Company is incorporated along with the incorporation certificate, PAN and TAN within 2-3 business days.

Company current account

SGA has exclusive relationships with top Banks in India wherein we will open a zero-balance current account digitally through our platform. Based on your choice of Bank, we can forward the request digitally to the Bank for opening the company’s current account from the comfort of your home in any city or town in India.

Documents Required for Private Company Registration

Registered Office Proof:

• Copy of address proof rent agreement or property papers
• Electricity or Water bill of company place
• Landlord NOC in case of rented office
• In the case of personal property, a copy of sale deed or property deed

Directors’ Proof:

• Copy of PAN Card or Passport of directors (Foreign Nationals &NRIs)
• 2 Passport size photographs of directors of the company
• ID proof such as Aadhaar Card or Voter identity card of directors
• For foreign nationals, a notarized copy of the passport must be submitted mandatorily

Compliance related to Private Company:

All companies registered in India are required to maintain compliance under various regulations. Failure to maintain compliance can lead to penalty or disqualification of the directors.

Some of the important compliances for companies registered in India are given to the right. Please note that additional forms will also be applicable as per government notification.

Other than these mandatory compliances, there are others that need to be done depending on the company’s timeline.

• Statutory Auditor appointment

30 days of Incorporation

The board of directors must appoint a practising Chartered Accountant within 30 days of incorporation.

• Commencement of Business

180 days of Incorporation

The capital mentioned in the MOA [Memorandum of Association] must be deposited in a bank and commencement certificate must be obtained from MCA.

• Income Tax Filing

30th September

Companies registered in India must file income tax return each year in Form ITR-6.

• Annual Return

31st October

Companies registered in India must file MCA annual return each year in forms AOC-4 and MGT-7.

• DIN KYC

30th April

The DIN KYC procedure must be completed each year for the directors of the company.

Providing Solutions 

In today’s world start-ups are doing wonder with innovative ideas and their implementation. SGA not looks after start-ups just as a source of income but we try to deliver our best services to them and try to contribute in their journey of success. Because we believe in serving our clients in best possible manner and contribute towards their growth.

Section 2 (71) defines a public company under Companies Act 2013, as a company which is not a private company and has the minimum paid-up capital of Rs 5 Lakhs. A PLC is owned by the members which must be minimum 7 in number. Moreover, all the acts of members of the public entity are guided by the Memorandum of Association (MOA) and Articles of Association (AOA).

Advantages

• Separate Legal Entity: A Public Limited Company is considered as a separate legal entity from its shareholders. It has a perpetual existence and can have its own PAN, bank accounts, approvals, contracts, licenses, assets and liabilities.
• Multiple avenues of funding: Public Limited Company can raise funds from individuals as well as from financial institutions. The funds may be raised via equity shareholding, preference shareholding or debentures.
• Easy transferability of shares: This is one of the biggest advantages of a Public Limited Company. The shares can be easily transferred by a shareholder to other legal entities – be it an individual or an organization, in India or abroad. The directorship of the company can also be changed for ensuring business perpetuity.
• Limited liability: The shareholders of a Public Limited Company are given Limited Liability Protection. In a situation of unexpected liability, the same would be limited only to the company and not affect the shareholders.

Public Limited Company Registration

The Public Limited Company registration, first of all, requires a minimum composition of 7 members and 3 directors. However, the maximum number of directors can be 50, and the maximum number of members is unlimited for the registration of public limited company. The PLC also has limited liabilities for its members and has rights to issue its shares to the general public for raising the capital of the company. For the purpose of public ltd. company registration, the company which is a subsidiary of a public entity shall also be deemed to be public even where such subsidiary company continues to be a private company in its articles.

Process for Public Limited Company Registration

Filing form

Complete online form and submission of documents

• Apply for DSC & DIN with us

After Submission of documents,you get DSC & DIN 

12 Days 

• Verification & Name Approval

Details given by you will be verified & we assist you in

name approval

2-3 Days

• Submission of Documents

We will prepare the necessary documents & file them

with ROC

21-23 Days

• All formalities are done

Incorporation of your company. We will post all the

documentsto you.

Documents Required for PLC Registration

• Passport sized photographs of all the Directors
• Copies of the Identity documents of all the Directors- Aadhar Card, Voter Card, PAN card
• DSC (Digital Signature Certificate) of all the Directors
• DIN (Director Identification Number) of all the Directors
• In case the office is in a rented property – the rent agreement
• In case the office is an owned place – the property ownership documents
• The water bill and the electricity bill of the business place
• No Objection Certificate by the Landlord
• Memorandum of Association (MoA)
• Articles of Association (AoA)

It is necessary that all the documents pertaining to registration of a Public Limited Company are in order to avoid any legal complications later on.

Annual Compliances of a Public Limited Company

Annual compliances of a Public Limited Company differ for an unlisted Public Limited Company and listed Public Limited Company:

Compliances for an Unlisted PLC

• Board meetings: 
  • An unlisted Public Limited Company is required to hold at least 4 Board meetings in compliance with Section 173 of the Companies Act, 2013.

• Appointment of a Cost Auditor: 
  • The auditor is required to be appointed as per Section 148(3) along with Rule 6(2) and Rule 6(3A) of the Companies (Cost Records and Audit) Rules, 2014. For this, Form CRA-2 has to be filed.
  • It is pertinent to mention that original appointment of the auditor has to be done within 30 days of Board meeting or 180 days of Financial Year, whichever is earlier. When a casual vacancy arises, the same has to be filled within 30 days.

• Return of Deposits: This has to be filed with the ROC under whose jurisdiction the company falls via Form DPT-3, in compliance with Rule 16 of Companies (Acceptance or Deposit) Rules, 2014.

• Appointment of CFO or CS or CEO: Section 203 read with Rule 8 & 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 requires appointment of CFO or CS or CEO within 30 days of AGM or within 6 months in case of casual vacancy. For this, Form MGT-14 and Form DIR-12 are filed.
• Annual General Meeting: 
  • AGM for declaration of dividend has to be conducted in compliance with Section 96 of the Companies Act, 2013.
• CSR Committee: 
  • CSR Committee has to hold four meeting with a gap of not less than 120 days between two meetings for discussion and approval of CSR activities. This is done in compliance with Section 135 of the Companies Act, 2013 read with Companies (Corporate Social Responsibility Policy) Rules, 2014 and Secretarial Standard-1.
• Director’s Disclosure: Directors’ are required to disclose any financial interest in the company via Form MBP-1in compliance with Section 184(1) of the Companies Act, 2013 read with Rule 9(1) of the Companies (Meetings of Board and its Powers) Rules, 2014.

Compliances for a Listed PLC

• Annual General Meeting: 
  • Annual General Meeting has to be held in accordance with Section 121(1) of the Companies Act, 2013. Form MGT-15 has to be filed once the AGM has been conducted.
• Financial Statements: 
  • The financial statements of the company have to be filed as per Section 137 of the Companies Act, 2013, read with Rule 12(2) of the Companies (Accounts) Rules, 2014. The financial statements consist of Balance sheet, Cash Flow Statement, Director’s Report, Auditor’s Report and the combined Financial Statement which is prepared in XBRL (Extensible Business Reporting System). This is filed via Form AOC-4.
• Annual Return: 
  • This has to be filed in accordance with Section 92 of the Companies Act, 2013, read with Rule 11(1) of the Companies (Management and Administration) Rules 2014. The annual return contains information pertaining to the directors and shareholders and is required to be filed in Form MGT-7 with the relevant ROC.
• Financial and Director’s Report: 
  • Adoption of Financial and Director’s Report has to be done in consonance with Section 173 of the Companies Act read with Secretarial Standard 1. Its filing is done via Form MGT-14.
• Income Tax Returns: 
  • This has to be filed with the Tax Department in Form ITR-6 on or prior to September 30th of the Financial Year.
• Secretarial Audit Report: 
  • Submission of Secretarial Report is a requirement under Section 204 of the Companies Act, 2013 read with Rule 9 of The Companies (Appointment and Remuneration Personnel) Rules, 2014. Secretarial Report has to be submitted only when the company’s total Paid-up capital is equal to or crosses INR 50 crores or its annual turnover is equal to or exceeds INR 250 crores. This has to be filed via Form MR-3.
• Other compliances: 
  • These include the rules and regulations laid down by SEBI. Listed companies have to comply with the Listing Regulation of 2015.

Providing Solutions 

In the prevailing dynamic situation, it is quite imperative for a public limited company especially the start-ups to hire a firm which will look after their compliance with various corporate laws so that the can focus their valuable time and resources toward their growth and expansion extracting the best out of them. While leaving these kinds of works to professionals.

Indian Subsidiary Company Registration is governed and administered by the Companies Act, 2013. It defines a subsidiary as a company in which a foreign corporate body or parent company owns minimum 50% of the entire share capital. The parent company is the one wholly or partially having a control over a subsidiary company. Subsidiary companies must follow the laws of the country in which they are set up and running. Therefore, if the foreign subsidiary is incorporated in India, then it must follow the law in force in India.

Characteristics of Indian Subsidiary Companies

• There is no requirement of prior approval for the repatriation dividend for these companies
• Indian transfer pricing system regulation is applicable to the Indian subsidiary companies.
• Equity, debt and other internal accruals are the available funding mechanisms.
• It has to pay comparatively lower tax rate of 30% which in case of the foreign company has to pay tax rate of 40%.
• The Indian Subsidiary Company is treated same as the other Indian Company, the applicability of all laws and guidelines are same and also the tax taws are same for the Indian Subsidiary
• The dividend distribution tax is nil now as per the Union budget 2020.

Advantages of Indian Subsidiary Registration in India

• Foreign Direct Investment in India

The FDI is allowed 100% for the increasing growth of several business industries in India without any prior approval. However, in the business of Proprietorship, Partnership and LLP require prior Government approval for FDI.

• Limited Liability

The liability of the members and the directors are strictly limited to their shares in the company. Therefore, no member or Director is responsible for any loss or financial distress if suffered by the company. The assets of personally held by Shareholders/Directors will not be at risk or not seized by any banks, creditors or government

• Perpetual Succession

The perpetual succession is continued existence of the company that means any changes in members such as death, bankruptcy, exit, transfer, etc. do not affect the existence of the company.

• Scope of Expansion

The expansion of the business is comparatively higher as it is easy to raise the capital from any financial institutions, venture capitalist, and the investor. It has all the advantages of the Private Ltd Company, which gives more transparency.

• Borrow funds

The wholly-owned subsidiary company in India can borrow funds in the form of loans from the financial institutions.

• Sue and sued

The Indian subsidiary company has the capacity to sue and can be sued. It has its own legal capacity being a legal person.

• Acquire property in India

The foreign subsidiary company has an independent structure and hence, it is permitted them to buy properties in India.

Procedure of Indian Subsidiary Registration in India

• Step 1 – Filling of the Form Complete the Online Registration Form

• Step 2 – Obtain DIN & DSC After Submitting forms, Obtain DIN and DSC in favour of the Directors

• Step 3 – Name Approval We assist you in getting the Name Approval Making of MOA & AOA – our experts will guide you to form MOA and AOA.

• Step 4 – Document Submission We help in preparing and filing of necessary documents with ROC

• Step 5 – Issue of Certificate Receiving of Incorporation Certificate and Post Compliances services are provided by us.

Documents for Indian Subsidiary Registration

• PAN card details of all directors and shareholders
• Address Proof of all directors and shareholders
• Identity Proof Such as Aadhaar Card, Driving License, Voter Id of all designated directors or partners and shareholders
• Passport and Photographs Of directors and shareholders
• DINor Directors Identification Number of designated directors or partners
• DSCor Digital Signature Certificate of designated directors or partners
• (MOA)Memorandum of Association and (AOA) Article of Association of the Company
• A No Objection Certificate (NOC)from the landlord who owns the property of the business place
• Incorporation certificate issued by the foreign government
• Resolution from foreign company required for opening the subsidiary company in India, mentioning the name of authorise representative
• For residential proof such utility bills such as telephone, water, gas, or electricity bill as of the registered office

Foreign national residing in India

The following documents should be certified by Individual’s Embassy

1. Resident Permit certificate issued by Assistant Foreigner Regional Registration Officer, an officer of Bureau of Immigration India.
2. Passport
3. Visa
4. Application form with Photo (attested)

Annual Compliances of Indian Subsidiary Company

• Compliance with Companies Act, 2013
• Compliances with Income Tax Act, 1961
• Guidelines with MCA, Ministry of Corporate Affairs
• FEMA guidelines
• Annual return with the Registrar of Company (ROC)
• Income tax return
• Filings with the RBI, Reserve Bank of India
• Filings with the SEBI, Securities and Exchange Board of India

Providing Solutions:

At SGA we believe in establishing and maintaining long term relationship with our clients. Hence, apart from providing one-time service for registration and etc. we will also be available for serving you with annual return filing and compliance services be it with company laws or allied laws so that you don’t need to hassle every year for the same task.