From the desk of MRC » Comapny formation in India http://blog.mukeshraj.com Advisor to global SME's Thu, 12 Jan 2012 13:41:32 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 What are the additional requirements to incorporate a 100% subsidiary of a foreign Company? http://blog.mukeshraj.com/2008/12/06/what-are-the-additional-requirements-to-incorporate-a-100-subsidiary-of-a-foreign-company/ http://blog.mukeshraj.com/2008/12/06/what-are-the-additional-requirements-to-incorporate-a-100-subsidiary-of-a-foreign-company/#comments Sat, 06 Dec 2008 11:13:39 +0000 Mukesh Goel http://blog.mukeshraj.com/?p=147 Continue reading →]]> Apart from the requirement of a private limited company followings are the additional requirement to incorporate a 100% subsidiary of a foreign company in India:

 

a)      A resolution of foreign holding company to the effect that the Indian company shall be a wholly owned subsidiary company of the foreign company.

b)      Since there have to be two subscribers in the company, any other person shall hold some shares as nominee of the foreign company.

c)      The person who will write the particulars of the foreign company in MOA and second subscriber must be two different people.

d)      The resolution must be notarized and also attested by the Indian Embassy consulate.

e)      The power o attorney to authorize any person to make the necessary correction in MOA and AOA should be attested by the notary and consulate by the Indian Embassy and adjudicated in India.

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