The Comprehensive Guide About Registration of Foreign Companies in India

 

 Foreign company registration in India is a very easy and quick process because India is a land of several kinds of opportunities with untapped potentials of various areas. Hence, this is one of the most important reasons that why foreign companies are very much interested to expand their operations in nations like India. The foreign company registration takes approximately 3-10 days to get completed and if the individuals are interested to expand their business in India then the following are some of the very basic points out of the whole process which they need to pay attention to:

 

1. The foreign companies in India can come with two kinds of strategies for example wholly-owned subsidiaries and joint ventures with other Indian companies in India.

2. If the companies are interested to form a private limited company then they need to follow different kinds of steps like acquiring DIN, certificate of incorporation, application in MCA and name approval. Several keys of documents required include passport, new PAN declaration, INC, address proof, copy of utility bills and several other kinds of additional documents as required by the authorities.

3. The financial statements of the foreign company have also to be presented as per the rules and regulations of the Companies Act 2013 and the other authorities as well. Returns of the foreign companies registered in India has also to be furnished by paying the described fees to the registrar of companies and several other kinds of things associated with the whole process. The audit requirements for foreign companies registered in India are also based upon clause “a” of subsection 1 of section 381 and rule four of the rules and regulations. The provisions of chapter 10 will also apply to foreign companies.

4. The authentication of the translated documents has also to be carried out by the concerned authorities to ensure that everything is very much genuine and the right kind of translation services have been availed by the companies.

5. The certification purpose includes having a complete idea about different kinds of documents like memorandum, articles and other instruments of the companies through the required authorities and the certificate of the officer of the company referring to sub-clause three of section “a” has to be signed by the concerned people. If the incorporated company is part of the Commonwealth then the copy of the document has to be certified to the officials of a government or the notary that was in part of the Commonwealth.

 

 If any of the person trades or carries on business in any manner that is under the name of title or description as a foreign company registered under the Act or rules made there under then the person has to be duly registered and shall be liable for the investigation under section 210 of the act if the improper usage or description has been carried out by those people.

 

 Hence, to register foreign company is a very comprehensive process which is the main reason that availing the services of professionals in this particular area is highly advisable so that overall goals are very easily achieved.