22 December 2009
A foreign company want to incorporate a private limited company in India.Out of directors,one will be non resident.Subscribers will be Foreign company (99% shareholding) and 1 % by non resident/resident.Can you please let me know what is the procedure and documents required to incorporate foreign subsidiary in India ??
23 December 2009
First you will have to check the negative list of industries in which investment may not be permitted. Next check that the industry in which NR is investing should not be having Sectoral Caps. You can see the FIPB website for this. If your industry qualifies for Automatic route you can go ahead with procuring Digital Certificate for the Signatories (also on behalf of non domestic company that will hold 99% shares) and apply to the registrar of Companies.
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