There is a lot of interest among foreign companies to start their operations in India and tap into one of the largest and fast-growing market, and have access to some of the best human resources in the world. A Foreign National (other than a citizen of Pakistan or Bangladesh) or an entity incorporated outside India (other than entity incorporated in Pakistan or Bangladesh) can invest and own a Company in India by acquiring shares of the company, subject to the FDI Policy of India. Also, a minimum of one Indian Director who is an Indian Director and Indian Resident is required for incorporation of an Indian Company along with an address in India. OnlineFilings can help you register an Indian Subsidiary with-in 15-20 days.
Private Limited: Private Limited Company has following characteristics:
► Minimum paid up capital is Rs. 1,00,000.
► Minimum 2 Director and 2 shareholders, One will be Indian Resident Director.
► Shareholder’s right to transfer shares is restricted
► The number of shareholders is limited to 200; and an invitation to the public to subscribe to any shares or debentures is prohibited.
Public Limited: Public Limited Company has following characteristics:
► It must have at least seven shareholders.
► Minimum paid up capital must be INR 5,00,000
► It must publish a prospectus or file a statement in lieu of a prospectus before it can start transacting business.
► A public company is required to have at least three directors.
► 3 Passport Size photograph.
► Address proof (Driving License, Voter ID, Passport, Aadhar Card).
► Proof of Registered office in India- Electricity Bill, Gas Bill, Leased deed or Rent Agreement.
► PAN CARD (Not mandatory in case of Foreign Director).
► Passport (Mandatory for Foreign Director, must be in English Language and duly apostille).
► If the proposed director is in foreign country then all the documents must be duly apostille by the home country & if director is presently in India then such apostille is not required.
► Any one of following (Bank Passbook, Telephone Bill, Electricity Bill).
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