Foreign company registration no. (inc-1)
This query is : Resolved
27 April 2015
Dear Experts,
We are supposed to incorporate subsidiary of foreign company. Foreign Company is Hong Kong based and we have registration no. that company. But while filling INC-1 form is not taking foreign Companies Registration No. said CIN/FRN is invalid.
Kindly solve the query and do the needful as early as possible.
Thanking you
We are supposed to incorporate subsidiary of foreign company. Foreign Company is Hong Kong based and we have registration no. that company. But while filling INC-1 form is not taking foreign Companies Registration No. said CIN/FRN is invalid.
Kindly solve the query and do the needful as early as possible.
Thanking you
27 April 2015
Hi,
Is the Hong Kong based company registered with MCA as Foreign Company under Companies Act, 2013?
Is the Hong Kong based company registered with MCA as Foreign Company under Companies Act, 2013?
Message likes :
1 times
27 April 2015
Thank you so much sir for your prompt response.
No, then what are procedures to register with MCA and if Yes , then what are steps for further proceddings. I am requesting you to please guide us on this issue and do the needful.
Thanking you.
No, then what are procedures to register with MCA and if Yes , then what are steps for further proceddings. I am requesting you to please guide us on this issue and do the needful.
Thanking you.
27 April 2015
You do not need to do registration of foreign entity as Foreign Company. It is not mandatory. The Hong Kong based parent company is not a Foreign Company as defined in Companies Act.
Here, Foreign Company means a "Foreign Company registered under the Companies Act 2013 and have been issued FCRN. All entities incorporated outside India are not Foreign Company as defined in Companies Act 203.
In form INC-1, in category column, You need to select 'Company incorporated outside India' because if you select 'Foreign Company' it will ask you FCRN and your foreign entity is not registered as Foreign Company under the Act. Once you select 'Company incorporated outside India', you need to provide registration number but you do not need to click on pre-fill button. Just write as it is and write the name of entity manually.
Here, Foreign Company means a "Foreign Company registered under the Companies Act 2013 and have been issued FCRN. All entities incorporated outside India are not Foreign Company as defined in Companies Act 203.
In form INC-1, in category column, You need to select 'Company incorporated outside India' because if you select 'Foreign Company' it will ask you FCRN and your foreign entity is not registered as Foreign Company under the Act. Once you select 'Company incorporated outside India', you need to provide registration number but you do not need to click on pre-fill button. Just write as it is and write the name of entity manually.
Message likes :
2 times
28 April 2015
Thank you so much Sir. for your bird eye view on this regard. Thanks a lot once again.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Rent claimed on building given on permissive possession basis
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Grand in aid
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
