Biz Setup Global

Know Your Compliance for

Foreign Subsidiary Company in India

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At BizSetupGlobal, we provide comprehensive accounting and compliance services designed to empower Limited Liability Partnership firms like yours to thrive and succeed. 

Basic Facts on Foreign Subsidiary Company Compliance in India

Mandatory Annual Compliances



Form FC-1 under Section 380

This form is to be filed within thirty days of the incorporation. The form should be submitted with the required files and certifications etc that are given by RBI.

Form FC-3 under Section 380

Form FC-3 under Section 380 to the respective Registrar of the Companies depending on where the company is incorporated in India. The form must contain the details of the place of the business as well as the financial records of the company. The form FC-3 has to be filed on or before 31st December of the same Financial year.

Form FC-4 under Section 381

This form concerned with the annual returns of the company has to be filed within 60 days from the end of the preceding financial year.

Financial statements

The Foreign subsidiary company has to submit the financial statements of the Indian business and operations. The statement must be submitted within six months of the end of the financial year.

The financial statements must include:

Statements on the transfer of the funds

Statements of the earnings repatriated

Statements on related party transactions such as a statement on sales.

Transfer of property purchases.

Accounts audit

The accounts of the foreign subsidiary company must be audited by a practising chartered accountant. It should be properly arranged and made available by the company for the audit.

Online Registration Process

Step 1

Select the package that suits you.

a. list of services purchased
b. documents to be submitted or next action.

Step 2

Once documentation is complete, you will be informed about the next steps through email and sms, and you can also check the current status of your request in your personalised dashboard.

Step 3

Make a payment, and you will receive your personalised dashboard login and password.

Step 4

If you have any questions during the process, you can contact us via the Helpdesk system in your dashboard, and we would be pleased to assist. We can even call you if necessary.

Step 5

At each step, our team will share all the required information needed by you and ensure that you have a smooth experience with us.

Step 6

Once you submit the required documents, our Compliance Manager will review the documents and contact you in case of any discrepancies.

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Condition: Fees will be subject to change based on turnover and Income tax requirements

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