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| India Company Registration | |||||||
Although India is a high tax jurisdiction, and is therefore inefficient for global trade, India company registration is excellent for conducting business in India, for example when local contracts require an India-incorporated company to bid for contracts. Important points to note include:
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| 1. | To fulfill India company registration regulations, every Indian company must appoint at least two directors. Thereafter, an unlimited number of directors may be appointed. However, only individual directors are allowed - corporate directors are not allowed. To enhance corporate transparency, there is an online public register of directors and shareholders available after.
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| 2. | The preferred corporate entity for foreign investors is the limited liability company. By 2007, almost 750,000 limited liability companies were registered in India. Through a limited liability company, an entrepreneur is able to i) open a corporate bank account ii) obtain local residence and employment visas and iii) lease office or factory premises. Other company structures available in India include the Branch Office, Special Economic Zone (SEZ) Enterprise, and the Representative Office.
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| 3. | It is usually completed by a corporate services firm based in India. The India-based firm will liaise with the Registrar of Companies at the Ministry of Corporate Affairs to complete India company registration.
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| 4. | An Indian company is also required to appoint at least two shareholders. Both local and international, corporate and individual shareholders are allowed. Furthermore, it is necessary to appoint a local, resident company secretary and registered office. Only individual company secretaries are allowed.
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| 5. | To meet India company registration requirements, investors are required to inject a minimum paid up capital of US$2,250 into the corporate bank account prior to incorporation. | ||||||
| 6. | After, it is necessary to submit audited financial statements and annual corporate tax return to the Income Tax Department.
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| 7. | For more detailed information on India company registration, purchase our Asia Business Setup book. | ||||||
| Contact Us | |||||||
For more information on India company registration, contact email@healyconsultants.com or call us in Singapore at (+65) 6735 0120.
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