Subsidiary Company Registration Consultants

This phase lasts from when the corporation has the idea to start a business setup service in India to when the company is prepared to start operating there. This lengthy period necessitates promoters carrying out tasks, including study and analysis, due diligence, and other compliances as required by various laws. JJJ And Company LLP, a subsidiary company registration consultant, assists its clients in all operations and services effectively and efficiently throughout the pre-business setup phase to facilitate prompt business establishment.

We have gone above and beyond to give our clients one-stop shopping for business setup services in India by specializing in additional tasks that need to be completed for business establishment but are outside the core competencies of a Chartered Accountant firm.

COMPANIES ACT, 2013 COMPLIANCES SERVICES OVERVIEW

The Companies Act of 2013, which controls the establishment of a wholly owned subsidiary company setup in India and keeps an eye on its operations, was enacted by the Indian Parliament. The Companies Act 2013 only modernizes the legislation and increases its relevance to Indian companies, authorities, and investors. Administers the Companies Act of 2013 by the Ministry of Corporate Affairs in conjunction with the Offices of the Registrar of Companies, Official Liquidators, Public Trustee, Company Law Board, Director of Inspection, etc. The Registrar of Companies (ROC) handles current company maintenance and includes fresh company formation services.

There are two most popular ways to incorporate a company in India, and they are as follows:

Private Limited Corporation – A private limited company is one that has a minimum paid up capital of INR 1,00,000 or a greater paid up capital as may be required and limits the transfer of its shares, if any, according to its bylaws.

Public Limited Corporation – A company is considered a public limited company if it has a minimum paid up capital of INR 5,00,000 or a greater paid up capital as may be required.

What separates a private limited company from a public limited company is-

The following services relating to company incorporation in India are provided by J J J and Company LLP.

REPRESENTATION SERVICES BEFORE COMPANY REGISTRAR

Documents are examined by ROC before issuing a certificate of incorporation for a firm once they have been submitted to ROC and costs have been paid. In the event that a question is posed by the authorities, we represent our client before the authority and obtain the questions’ resolutions.

The Income Tax Act of 1961 governs income tax collection in India. It includes provisions for assessing, managing, collecting, and recovering income tax. India has a sophisticated tax system with distinct jurisdictional lines between the central, State, and municipal governments.

The Central Government of India has the authority and capacity to collect taxes in India. It exercises this authority through the Central Board of Direct Taxes (CBDT), a division of the Ministry of Finance’s Department of Revenue.

Although the Income Tax Act of 1961 only requires a small number of compliances, they must be honored. JJJ and Company LLP Subsidiary Company Registration Consultants offer the following services related to the Income Tax Act of 1961 through a specialized section.

Valuation of shares as per prescribed pricing guidelines.

As FEMA requires, the price of the shares subscribed for by a foreign investor in an Indian company must follow SEBI norms when publicly traded.

• In the case of unlisted enterprises, a SEBI-registered Merchant Banker or a Chartered Accountant using the Discounted Free Cash Flow Method (DCF) determines not less than the fair value of the shares.
• JJJ And Company LLP is qualified to perform such share valuations as a Chartered Accountancy firm, and we are also known as Subsidiary Company Registration Consultants

Share issue-related services.

Liaisoning with Authorized Dealer.

Every communication between an individual or a company and the Reserve Bank of India must go through authorized agents established by the Reserve Bank of India. We offer business setup consultancy services to our clients, representing them before authorized agents for any communication with the RBI. This eliminates the issue of our clients coordinating with these authorized agents.

External Commercial Borrowing Consultancy.

The Reserve Bank of India has also established different guidelines through the Foreign Exchange Management Act for foreign investors who wish to invest in wholly owned subsidiary company setup in India through debt rather than equity. When injecting loan finances into our client’s firm or organization, we ensure they follow all guidelines and regulations.

Special Services

The services not central to the work of a Chartered Accountant or Business Consultant are considered special services for JJJ And Company LLP, company formation experts in Delhi. But when we first launched the “business setup service in India,” our primary goal was to give foreign investors looking to start a one-stop shop in India. With this concentration in mind, we went above and beyond to acquire specialization in services that are related to our core offerings. These consist of

Selection of Place of Business

Every business owner must determine how location will affect the company’s success and choose a site accordingly. Occasionally, the most crucial factor in choosing office space is not where but what it is. The facilities in the facility must be suitable for your business or adaptable to it. Our highly skilled and knowledgeable personnel offer business setup consultancy services to our clients in the optimal location for their business setup services in India.

Additionally, the government has established several special economic zones for various companies and sectors. These Zones provide particular Industries with exceptional amenities and concessions. In this service, we help our clients find distinct areas or locations for their wholly owned subsidiary company setup that could provide them with unique benefits.

DUE DILIGENCE

Examining and analyzing a business setup opportunity in India is done carefully. This phrase emphasizes that everyone must monitor the business’s operations. It explores the enterprise’s past, present, and likely future. Before making any investments, JJJ and Company LLP company formation experts in Delhi provide comprehensive due diligence support to businesses. Professionalism, originality, and an all-encompassing vision are the hallmarks of our strategy. We strive for the highest level of transparency and give our customers quick but comprehensive service.

OBTAINING INDUSTRY-SPECIFIC LICENCES

Certain businesses, such as those dealing with alcohol, chemicals, or food, need licenses exclusive to those industries. Foreign investors often find it challenging to learn about and secure these licenses because they are unfamiliar with the Indian market. To prevent our clients from being exposed to connected hazards, we help them get industry-specific permits.

After a company is incorporated, it must comply with several national laws and regulations during the post-business setup phase. As a result, it is the business entity’s responsibility to abide by these laws. This lengthy phase necessitates corporate reviews of operations and ongoing attention to the accounts and legal compliance obligations.

JJJ and Company LLP, Subsidiary Company Registration Consultants, offers its clients effective and efficient assistance in all activities and services during the post-business setup phase to facilitate prompt business establishment. We significantly emphasize providing clients worldwide with comprehensive company setup services.

FOLLOWING IS THE COMPLETE LIST OF SERVICES THAT ARE OFFERED BY J J J AND COMPANY LLP IN THE BUSINESS SETUP PHASE

• OBEDIENCE TO CERTAIN LAWS
• Businesses Act Regulation Services
• Exchange Rate Management Act (FEMA) services for adherence
• Providing Direct Tax Services
• Services for Indirect Taxation IPR Act Employees Similar Laws determining the Act’s eligibility for application
• SERVICES SPÉCIAUX
• Cooperation with C&F Agents
• Review of Operations and Industry Comparisons
• System Implementation and SOPs
• Services for Special Audits

Every organization must track all transactions, including purchases, sales, receipts, and payments made by individuals or groups. Recording a company’s daily financial activities is known as bookkeeping.

We assist you in keeping frequent, precise financial records that enable you to track your company’s success or failure. Monitoring your business operations regularly will help you run more smoothly, keep your cash flow under control, and boost your profitability.

Shareholders and other interested parties can learn about the company’s operations and financial performance from annual reports.

Your finance department’s workload can be decreased by our Financial Statements Preparation (FSP) team. We prepare high-quality financial statements for public and private businesses, funds, and other organizations required to report to its members.

Every Indian firm created or registered under the 2013 Companies Act must have an annual audit of its financial records. Its goal is to determine whether the business follows all necessary compliance rules. All stakeholders and the general public can use the statutory audit report as a crucial instrument to gauge the company’s future viability regarding its business operations. Our team are company formation experts in Delhi and has a wealth of experience providing services for statutory audits. The finest people to give the business start-up India services are a group of specialists who specialize in the sector and perform quality audits.

We provide our clients with incredibly trustworthy FEMA Regulations consulting services. The full spectrum of foreign currency law is covered by the FEMA Regulations consultancy services, including Investments in India (Overseas Investments)

Investments made by foreign companies, foreign residents in India (FDI), non-resident Indians (NRI), and people of Indian ancestry (PIO), as well as external commercial borrowings (ECB) and other types of investments.

We provide our clients with incredibly trustworthy FEMA Regulations consulting services. The full spectrum of foreign currency law is covered by the FEMA Regulations consultancy services, including Investments in India (Overseas Investments)

Investments made by foreign companies, foreign residents in India (FDI), non-resident Indians (NRI), and people of Indian ancestry (PIO), as well as external commercial borrowings (ECB) and other types of investments.

Import quotas and orders from the customs authority limit the amount of merchandise that can be imported and exported in international trade. Additionally, trade agreements between the importing and exporting jurisdictions govern the importation and exportation of goods.

We offer legal advice on import and export rules and consulting, which enables you to apply best practices in your company.

JJJ and Company LLP Subsidiary Company Registration Consultants in India provides direct taxation services.

REGISTRATION, COMPUTATION, PREPARATION AND FILING OF RETURN OF INCOME

Hindu Undivided Families (HUFs), individuals, businesses, associations of people, bodies of people, municipal governments, and any other artificially created judicial entity are all subject to the income tax imposed by the government of India on their taxable income. According to the Income Tax Act of 1961 rules, each corporate entity must determine its tax liability and prepare and file a monthly income return.

OBTAINING LOWER /NIL TDS CERTIFICATES

Every tax-deducting individual is required to provide a TDS certificate. TDS is a one-way tax collection method that involves a person deducting a specified percentage of money when making or crediting a certain kind of payment to another person and then remitting the money to the government. The Indian government has made the option of a low or nil TDS certificate available to lessen the burdens placed on taxpayers.

FILING OF QUARTERLY RETURNS

According to the Income Tax Act of 1961 rules, the person responsible for deducting TDS amounts must deposit such amounts with the Income Tax Department every quarter. The Indian government has made the option of TDS e-filing (online filing) available to ease the burden of paperwork.

DOCUMENTATION AND COMPLIANCE WITH TRANSFER PRICING PROVISIONS

Indian Income Tax Act, 1961, contains the provisions governing the regulation of transfer pricing in India. The cost or expense allocated to, apportioned to, or, as the case may be, contributed by, any such enterprise about such service or facility shall be determined having regard to the Transfer Pricing Regulations contained in the Act where two or more associated enterprises enter into a mutual agreement or arrangement for any service or facility provided or to be provided to any one or more of such enterprises. Every individual engaged in an overseas transaction must keep the prescribed records and information, per T.P. rules.

EXPATRIATE TAX PLANNING

Instead of illegally dodging an existing tax obligation, expatriates’ planning activities typically aim to prevent legally incurring tax consequences. This proactive action includes strategically arranging business start-ups in India to reduce tax bills.

TAX STRUCTURING OF THE COMPANY AS A WHOLE

We offer tax structuring for business start-ups in India, which entails gathering the data and information needed for tax purposes. We also provide tax audit assistance services, facilitating the timely submission of tax audit returns.

REPRESENTATIONAL SERVICES

Everyone, including corporations, must communicate with the income tax and wealth tax authorities to conduct business operations successfully and efficiently. We represent our clients before the Income Tax authorities to bridge the communication gap between our clients and the Income Tax/Wealth Tax authorities.

JJJ and Company LLP, a business setup service in Delhi, provides indirect taxation services.

MAINTENANCE OF STATUTORY RECORDS REQUIRED UNDER ALL INDIRECT TAX LAWS

Every assessee conducting a business start-up in India must keep track of receipts for all purchases, manufactures, storage, sales, or deliveries of goods (including inputs), capital goods, receipts for the procurement or payment of input services, stock accounts, etc. All applicable indirect tax laws must keep these records and submit them regularly.

SELECTION OF DIFFERENT BONDS, UNDERTAKINGS, AND FORMS UNDER DIFFERENT LAWS

An Assessee must sign a bond, an undertaking, etc., to acquire goods free of duty, get confiscated items temporarily released, get goods temporarily assessed for duty-free export, etc.

We assist our clients in effectively and efficiently obtaining and carrying out various bonds, undertakings, etc. while minimizing inconveniences.

DETERMINATION AND DEPOSITION OF CUSTOMS DUTY BEFORE CLEARANCE OF GOODS BY CUSTOMS AUTHORITY

In India, an indirect tax known as customs duty is imposed on imported and exported products. Imports into or exports from India are taxable events.

Essential duties, additional customs charges, anti-dumping duties, education cess, and other import duties are typical.

AUDITING AS PER INDIRECT TAX RULES AND REGULATIONS

Certain norms and regulations have been established for conducting an indirect tax audit. While several state legislations oversee VAT audits, GST audits are conducted department by department. Several statutory papers, appropriate return filing, and proper Cen VAT credit matters must be considered during the indirect tax audit.

JJJ And Company LLP, a business setup services company in Delhi, has a committed group of professionals who offer auditing services according to IDT laws and regulations. Our team provides you with the insight and assistance you need to manage indirect taxes more skillfully and successfully.

RESPONSIBILITY SERVICES

Communication with the indirect tax authorities is required of all individuals and corporations.

We at JJJ and Company LLP, a subsidiary company registration consultant, offer representational services to our clients. We represent our clients before the IDT Authorities to avoid the issue of coordination with IDT Authorities.

TOTAL TAX STRUCTURING OF THE COMPANY

We offer tax structuring for business start-ups in India, which entails gathering the data and information needed for tax purposes. We also provide tax audit assistance services, facilitating the timely submission of tax audit returns.

DEVELOPING STANDARD OPERATING PROCEDURES (SOPS) ENSURING COMPLIANCE WITH ALL INDIRECT TAX LAWS

Evaluating the benefits allowed by the Foreign Trade Policy will also help acquire licenses of various types, such as EPCG, DFIA, and AAL. DFIAs permit the duty-free import of inputs utilized in producing export products (making regular allowances for waste), as well as fuel, energy, catalysts, etc., that are consumed or used in obtaining the export products. With EPCG, exporters can import machinery and other capital goods for reduced or no customs duties to produce items for export.

At JJJ And Company LLP, a subsidiary company registration consultants, we help our clients secure licenses of various types (EPCG, DFIA, etc.) and support them as they assess the advantages allowed by foreign trade policy.

REPRESENTATIONAL SERVICES

Every individual and corporation must communicate with the income and wealth tax authorities to conduct business operations efficiently and effectively. To fill the communication gap

between our client and Income Tax /Wealth Tax authorities, we represent our clients before the Income Tax /Wealth Tax authorities.

Intellectual property (IP) is a product of human creativity. It is similar to any movable or immovable property, where the proprietor or owner may exclusively use his property at will and has the right to prevent others from using it without his permission. It refers to ideas, knowledge, invention, innovation, creativity, research, etc., all of which are the products of the human mind. Intellectual property rights are the terms used to describe the rights of intellectual property.

JJJ and Company LLP, a subsidiary company registration consultant offers the following services about IPR are provided to clients after the business setup phase:

IPR registration under several laws, such as the Copyright and Patent Act. IPR includes trademarks, copyrights, patents, geographical indications, and designs. The following conditions must be met to register an IPR. JJJ assists clients with IPR registration needs.

Maintaining the required registers, records, and periodic filing of necessary documents. Sufficient documentation of your intellectual property rights is beneficial for enforcing the company’s rights in compliance with local legislation. Receipts, records, invoices, and other paperwork about the creation and first use of intellectual property and the annual sales volume of products containing IPR must be kept current.

We assist our clients in keeping the necessary registrations and records and filing documents.

1. What do subsidiary company registration consultants do?
By handling documentation, legal procedures, and legal conformance with Indian regulations, subsidiary company registration specialists help overseas companies set up subsidiaries in India.

2. What are business setup services?
Business setup services include company registration, tax filings, legal clearances, and all required tools for launching an Indian firm.

3. Why should I hire business setup consultancy services?
A company set-up consultant guarantees a seamless registration procedure, supports compliance, and saves time by effectively managing legal requirements.

4. How can I set up a wholly owned subsidiary company in India?
When an overseas corporation purchases an Indian parent company, a wholly owned subsidiary results from India, the company should follow compliance criteria and register with the Ministry of Corporate Affairs (MCA).

5. What are the benefits of setting up a subsidiary company in India?
It lets outside companies follow Indian regulations and operate in India under complete control, with reduced expenses and tax advantages.

6. How long does it take to register a company in India?
Depending on document approvals and compliance procedures, company registration takes 15 to 30 days.

7. Can you help with business setup services in Delhi?
Indeed! For startups and international companies, our Delhi business setup services address company registration, legal compliance, and all required permissions.

8. Who are company formation experts in Delhi?
Professionals in company formation in Delhi help to register firms, guarantee compliance, and lawfully set up enterprises in India.