Introduction 

The Indian market opens its doors to Foreign Direct Investment through the online company registration in India as a wholly owned subsidiary companies in India, providing an accessible and profitable business environment for foreign corporations. A business that is formed in India under the provisions of the Indian Companies Act, 2013, by one or more foreign corporations is referred to as a wholly owned subsidiary. 

When a comparison is made to a liaison or branch office, a wholly owned or Indian subsidiary company offers the more liberty to conduct business in India. It must operate on an equal footing and adhere to the same set of regulations as any other Private Limited company registration in India. 

What Is Wholly Owner Subsidiary (WOS)? 

A company that is created according to the Companies Act, 2013 which owns 100% of the company's shares is referred to as a wholly owned subsidiary. A Private Limited Company in India is said to be a wholly-owned subsidiary if some other foreign company owns all of its shareholdings. 

Requirements For Establishing A WOS In India 

1. Wholly-Owned Subsidairy's registered office in India should be located in India Borders.

2. The Wholly Owned Subsidiary can be incorporated with just two individuals. However, among those two people one should be an Indian citizen.

3. There should be at least 2 shareholders. 

Registration Process Of Wholly-Owned Subsidiary 

1. The initial step is to collect all the documents (DSC, address proof etc.) that are required for the MCA application. 

2. Choosing a unique name for the wholly-owned subsidiary company is the following step. 

3. Drafting the AOA and MOA for the Subsidiary Company is the following step. 

4. The following step is to fill out the wholly owned subsidiary registration registration application in the required format, which is The SPICe+ Form: 

Spice+ Form is split into two sections: 

• In Part A of the Spice+ form, demand for the company name reservation. It maybe used to get permission for the proposed company's name and register a company simultaneously.
• Part B: In Part B of the Form Spice+, apply for the following services:

1. Incorporation
2. DIN allotment
3. Mandatory issue of PAN
4. Mandatory issue of TAN
5. Mandatory issue of EPFO registration
6. Mandatory issue of ESIC registration
7. Mandatory issue of Profession Tax registration(Maharashtra)
8. Mandatory Opening of Bank Account for the Company and
9. Allotment of GSTIN (if so applied for) 

5. The last step is to open a Bank Account in India for business transactions. 

Require Documents For The WOS 

• Photograph of all the Directors and shareholders.
• PAN Card of all the Indian Directors and shareholders.
• Original ID Proof of all the Directors (Driving License/Passport/Voter ID)
• Electricity Bill or any other utility bill ( not older than 2 months) for the address proof of the Registered Office. 

Conclusion 

Foreign corporations investing their capital always want to maintain partial or full control over their global operations. The best option is to establish a wholly-owned subsidiary in India along with the documents required for company registration in India. Because the Foreign Direct Investment is allowed through the Automatic Route without the Reserve Bank of India's or the government's earlier approval.