Secure Foreign Subsidiary Company Registration in Chennai through Shoplegal. A foreign subsidiary company is one where 50% of its shares are owned by a company registered in another foreign nation, often termed the parent or holding company. Regardless of the parent company's registration, a foreign subsidiary in India must be incorporated within the country.

Compliance requirements vary based on different aspects like company operations, turnover, and industry specifics. Adherence to various regulations such as the Companies Act 2013, Income Tax Act 1961, GST 2017, SEBI rules, FEMA 1999, and RBI compliances is crucial for foreign subsidiary company registration.

The subsidiary registration involves the holding company owning the majority of the subsidiary's shares. Governed by Section 2(87) of the Companies Act 2013, upon successful registration, the company gains control over the Board of Directors and more than half of the total share capital.

For businesses eyeing expansion across regions and industries, subsidiary company registration serves as an additional arm for diversification. This setup supports the holding company in exploring various regions, sectors, and countries. Subsidiaries function as Indian companies, bound to meet all applicable compliance standards similar to Indian firms..