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Foreign Subsidiary

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Foreign Subsidiary

Foreign Subsidiary

Foreign Subsidiary Compliance

Foreign subsidiary are required to maintain compliance under Income Tax, Companies Act and various other regulations. MAANOF offers an easy process for maintaining Foreign Subsidiary Company compliance from Rs.59899/-

Foreign Subsidiary Company Compliance

Foreign subsidiary companies are mandatorily required to maintain compliance as per Income Tax Act, Companies Act, transfer pricing guidelines and FEMA guidelines. Hence, maintaining compliance for a foreign subsidiary company would includes filing of income tax return with the Income Tax Department, annual return with the Ministry of Corporate Affairs and other filings with authorities like Reserve Bank of India or Securities & Exchange Board of India (SEBI). Finally, like all companies, foreign subsidiaries would also have to comply with other Indian tax regulations like TDS regulations, GST regulations, VAT / CST regulations, Service Tax regulations, ESI regulations and others. The compliance requirement for a foreign subsidiary company would vary based on the industry, state of incorporation, number of employees and sales turnover.

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MAANOF is the largest business services platform in India, offering a variety of services like foreign subsidiary company compliance, foreign subsidiary incorporation, trademark registration, GST registration, income tax filing and more. MAANOF can help you maintain compliance of your foreign subsidiary company. Get a free consultation for foreign subsidiary compliance maintenance through MAANOF by scheduling an appointment with an MAANOF Advisor.

Income Tax & Annual Return

Income tax filing and annual return filing must be completed by all One Person Company before 30th September of each financial year.

GST Filing

Under the GST regime proposed to be rolled out in 2017, one person companies having GST registration would be required to file monthly, quarterly and annual GST returns.

ESI Return

ESI return must be filed by all one person companies having ESI registration. ESI registration is required once the one person company employs over 10 employees.

TDS Filing

Quarterly TDS returns must be filed by one person companies that have TAN and are required to deduct tax at source as per TDS rules.

How we help with foreign subsidiary company compliance

MAANOF.com can help file the mandatory annual return for your company and maintain annual compliance with the Ministry of Corporate Affairs.

The LLP wants to be wound up.
There are less than two Partners in the LLP for a period of more than 6 months.
The LLP is not in a position to pay its debts.
The LLP has acted against the interests of the sovereignty and integrity of India, the security of State or public order.
The LLP has not filed with the Registrar Statement of Accounts and Solvency or LLP Annual Returns for any five consecutive financial years.
The Tribunal is of the opinion that it is just and equitable that the LLP should be wound up.

Avoid Compliance

A LLP is a legal entity and a juristic person requiring regular maintenance of compliance throughout its lifecycle. LLP winding up can be used close a LLP that is not active and avoid compliance responsibilities.

Avoid Fines

A LLP that doesn’t file its compliance on time incurs fines and penalty, including debarment of the Partners from starting another LLP or Company.

Low Cost

LLPs can be wound up easily through MAANOF for just Rs.15899. On the other hand, a dormant LLP or non-compliant LLP could potentially acquire more penalty, if compliance is not maintained every year.

To Close

The formalities for winding up of a dormant LLP are relatively simple and easy to complete. Hence, its best to close an inactive LLP at the earliest.

To Process

The Ministry of Corporate Affairs has simplified the process for liquidation or winding up of LLP through various initiatives. Hence, akin to incorporation, a LLP can be wound up easily with minimal procedural requirement.

How we help with Winding Up

MAANOF.com can help you wind up a LLP in about 3 to 6 months.