Procedure for the Establishment
The first step of incorporation is to obtain Digital Signature for the Subscriber by filing DSC form
The Promoters of the Subsidiary Company will apply for the name approval with the Ministry of Corporate Affairs through RUN mechanism. The name of Subsidiary Company can be similar to that of holding Company and a NOC is required in the form of Resolution to get the same name.
Once name is approved the promoters are required to prepare documents like Memorandum & Article of Association of Company, INC-9 Declaration & DIR-2 Declaration etc. to be submitted with Incorporation Form
Form SPICe-32 is prepared and filed with the above mentioned documents as a mandatory attachment to Form. The Form gets approved once it satisfies all the requirement by the ROC within few days.
Once the Form is approved by ROC, Certificate of Incorporation is issued to the Promoters with PAN and TAN
Once the COI is received by the Subsidiary Company, it needs to open a Bank Account and receive the subscription money. Once the subscription money is received, the company is required to obtain FIRC from Bank and file FC-GPR with RBI.