A sister company, also known as a subsidiary, is under the control of a parent company or holding company. The parent company possesses the authority to govern the subsidiary, whether partially or wholly. In India, the procedure for Indian Subsidiary Registration follows the guidelines of the Companies Act of 2013. As per this act, a subsidiary is characterized by a foreign corporate body or parent entity holding at least 50% of the total share capital. Essentially, the parent company wields substantial influence and control over the subsidiary.
Initial consultation to assess subsidiary registration requirements
Assistance with company name reservation and registration
Preparation and filing of incorporation documents with relevant authorities
Guidance on corporate governance and compliance obligations
Support in obtaining necessary licenses and permits
Regular updates on incorporation process and timeline
Provision of incorporation certificate and ongoing compliance support