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In essence, the parent company exerts a major influence and Management about the subsidiary company.

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Company Secretary: It's necessary to file 3 secretarial returns each and every year, which are managed by a company secretary. IndiaFilings can support using this requirement. A statutory auditor ought to even be appointed.

What are the advantages of registering a subsidiary company in India? Some advantages involve entry into your Indian sector is:

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Inspection from the register of companies, in respect of any one company or for every inspection of a company's file

The Ministry of Corporate Affairs (MCA is accountable for setting and enforcing The foundations and rules governing company registration and compliance. Registrar of Organizations (ROC) places of work manage the procedures associated with company incorporation, making sure firms follows legal requirements.

The cost of registering a company is dependent upon the type of company you register. See The present list of company fees on the ASIC Internet site.

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When your LLC, corporation, partnership, or nonprofit corporation conducts organization actions in more than one state, you may perhaps ought to variety your online business in a single point out and after that file for international qualification in other states wherever your company is active.