Post Incorporation process for Company Registration in India
Post Incorporation process for Company Registration in India A foreign subsidiary company is a partially or wholly-owned company that is a part of a larger corporation. The larger corporation must be headquartered in another country. The foreign subsidiary company works according to the laws of the country in which they are located. The Parent company may be the majority shareholder of the subsidiary company or have a greater representation on its board of directors. Steps to be followed after incorporation of the company Opening a bank account to receive subscription money The receipt of subscription should be obtained from the foreign subscriber Declaration of commencement of business – filing of e-form 20A As per FDI guidelines, collect the FIRC certificate from the bank Issue of share certificate Allotment of shares needs to be done within 2 months from the date of incorporation of the subsidiary company to the subscribers. As per FDI guidelines, filing of FC GPR ...