The first and foremost need to start up these companies is the sole director. Some years ago, there will be a need for Company secretary also. As soon as you register as a sole director, you will enter both you’re a residential address and a service address. But only the service address will appear in the public records. The various documents that you have submitted regarding shareholders, you will have both an individual director and another company as a shareholder. There is a prohibition in having an entire company owned by another company. Once, you are done with the documentation, you will have a decision within 24 hours from Companies House.

Of course, the Indian Companies Act requires that there should be at least two shareholders and foreign companies hence must hold 99.99% of shares of an Indian subsidiary. Besides, minority balance holding is nominated and held under the Indian Companies Act in the name of an individual.

The reserve bank of India has some guidelines that define activities for foreign Companies under the following broad categories:

• A foreign company is freely allowed for the activities to engage in without obtaining any permission.
• A foreign company is allowed for the activities to participate subject to conditions.

A foreign company is prohibited for the activities to engage in. Such activities are further elaborated under various circulars of RBI under FEMA

Only a natural person who is an Indian and resident in India is eligible to incorporate OPC as per the rule 3 of the Companies rules, 2014. Hence, the question of any “body corporate” or other organization form being the single member doesn’t arise.

n.

• Minimum 2 Shareholders
• Minimum Capital of Rs. 1lac
• DIN for all Directors

A parent company shall have 50% of total equity capital