Successful Case Study of India Company Setup

A Scandinavian renewable energy firm planned to enter the Indian market to contribute to the country’s ambitious renewable energy targets. They approached Tetra Consultants seeking assistance, and we provided a range of business services, including aiding them to register company in India. This involved navigating the complexities of Indian regulatory procedures and ensuring compliance with local laws.  

Additionally, we offered strategic advice on market entry strategies tailored to the renewable energy sector, enabling them to contribute effectively to India’s ambitious renewable energy targets. Our support extended beyond registration, encompassing assistance with establishing operational frameworks, identifying potential partnerships, and navigating the unique challenges of the Indian market.  

Through our comprehensive assistance, we empowered the Scandinavian renewable energy firm to establish a solid foundation for their operations in India, paving the way for meaningful contributions to the country’s renewable energy goals. 

Tetra Consultants then began by identifying a suitable business structure for the Scandinavian company, determining that a Private Limited Company in India would be the most appropriate choice. This decision was based on considerations such as liability protection, scalability, and regulatory compliance, ensuring a solid foundation for their operations in the Indian market. 

Following the selection of the business structure, our experts initiated the process of obtaining essential credentials such as Digital Signature Certificate (DSC) and Director Identification Number (DIN) by filing Form DIR-3 with the Ministry of Corporate Affairs (MCA). Concurrently, we facilitated name reservation and international trademark registration to safeguard the brand name on a global scale. After name reservation we proceeded to comply with the requirements for establishing private limited company in India. The requirements included: 

• A minimum of two shareholders, with a maximum cap of 200, who may be individuals or corporate entities. 

• The company appointed at least two directors, among whom one must be a resident of India and have resided in the country for at least 182 days (about 6 months) in the previous calendar year. 

• All directors obtained a Director Identification Number (DIN) by submitting form DIR-3 to the Ministry of Corporate Affairs (MCA). 

• The authorized director possesses a Class 3 Digital Signature Certificate (DSC) to authenticate the company registration application. 

• The company maintain a registered office address in India. 

For adhering to the director residency requirements our experts provided our clients with nominee director and shareholder services for seamlessly incorporating company for Scandinavian client. 

Subsequently, we meticulously drafted and submitted all necessary legal documents and applications, including the Memorandum and Articles of Association, along with the filing of the SPICe+ Form (INC-32). This comprehensive approach ensured compliance with regulatory requirements and laid the groundwork for the Scandinavian company’s establishment as a Private Limited Company in India. 

Upon filing the SPICe+ Form (INC-32), the clients received the Certificate of Incorporation, signifying the legal formation of the private limited company in 2 weeks. Following this milestone, we facilitated the corporate bank account opening, ensuring the company’s financial operations commenced smoothly. Leveraging our expertise and banking relationships, our experts expedited the bank account opening in HDFC bank, providing the clients with a fully operational account within 4 weeks of incorporation. This timely establishment of banking services further solidified the company’s presence in the Indian market, enabling them to conduct business transactions efficiently and effectively. 

Thus, in just 6 weeks, Tetra Consultants successfully facilitated the registration of a private limited company in India, providing our client with a fully operational business entity. From assisting with the selection of the appropriate business structure to obtaining essential credentials and navigating regulatory procedures, our comprehensive support ensured a seamless incorporation process.  

Upon receiving the Certificate of Incorporation, marking the company’s legal formation, we expedited the opening of a corporate bank account within 4 weeks, further enabling our client to commence business operations swiftly. This timely and efficient approach underscores our commitment to delivering tailored solutions and streamlining the establishment of businesses in India. Through our expertise and dedication, we empowered our client to establish a strong foothold in the Indian market, paving the way for sustainable growth and success. 

Contact us to know more about how you can register company in India and our team will revert back in 24 hours.