WOS Compliance
WOS Compliance – Overview
A Wholly Owned Subsidiary (WOS) is an Indian company whose entire shareholding is owned by a foreign parent company. Setting up and running a WOS in India involves multiple compliance requirements under the Companies Act, 2013, FEMA, RBI, Income Tax Act, GST laws, and labour regulations. From incorporation and foreign investment reporting to annual filings and taxation, WOS entities must maintain strict compliance to avoid penalties and regulatory scrutiny.
At Cardiff Services, we provide end-to-end WOS Compliance Services in India, helping foreign companies establish, manage, and operate their wholly owned subsidiaries seamlessly. Our services cover incorporation, FEMA reporting, statutory filings, taxation, accounting, and secretarial compliance, making us a one-stop partner for foreign companies in India.
Why Choose Cardiff Services for WOS Compliance
At Cardiff Services, we understand that foreign companies setting up in India need reliable, end-to-end compliance support. Our team ensures that your WOS meets all regulatory obligations under FEMA, RBI, MCA, tax, and labour laws – avoiding penalties and ensuring smooth business operations.
We don’t just provide compliance; we act as a strategic partner for foreign companies, offering advisory on structuring, cross-border transactions, and profit repatriation. With Cardiff Services, your Wholly Owned Subsidiary in India is compliant, transparent, and ready for growth.
Key Features of WOS Compliance Support
Incorporation Assistance: Setting up a WOS in India with ROC filings, PAN, TAN, GST registration.
FEMA & RBI Compliance: FC-GPR filing, FC-TRS reporting, EMF & SMF submissions, and FLA returns.
Annual ROC/MCA Filings: Compliance with Companies Act, including AOC-4, MGT-7, and board meeting records.
Taxation & GST: Direct and indirect tax compliance, transfer pricing advisory, and TDS filings.
Accounting & Audit: Monthly bookkeeping, statutory audit, and internal audit support.
Employment & Labour Compliance: PF, ESI, Shops & Establishments, and payroll compliance.
Ongoing Advisory: Guidance on cross-border transactions, funding, and profit repatriation.
Documents Required for WOS Compliance
Certificate of Incorporation of WOS and parent company.
PAN, TAN, GST, and other statutory registrations.
MOA & AOA of WOS and parent charter documents.
FDI-related documents: FIRCs, KYC reports, valuation certificates.
Shareholding pattern and cap table.
Financial statements and ROC/MCA filings.
Tax returns and GST filings.
Employment and payroll records (if applicable).
Board resolutions and agreements for cross-border transactions.
Step-by-Step Procedure for WOS Compliance
Initial Setup & Registration – Complete incorporation and obtain PAN, TAN, GST, and other licenses.
FEMA/RBI Filings – File FC-GPR, EMF, SMF, FLA returns for foreign investment reporting.
Annual ROC Filings – Prepare and file AOC-4, MGT-7, and maintain statutory registers.
Tax & GST Compliance – File monthly GST returns, TDS, and annual income tax returns.
Audit & Accounting – Maintain books of accounts, conduct statutory and internal audits.
Labour Law Compliance – Register for PF, ESI, and ensure payroll compliance.
Cross-Border Transactions – Advisory on profit repatriation, transfer pricing, and FEMA rules.
Ongoing Monitoring – Maintain compliance calendar and periodic reviews for regulators.
Frequently Asked Questions
A company name search ensures that your chosen business name is unique, legally compliant, and not already registered with Companies House UK. It helps you avoid legal disputes, trademark issues, and confusion in the Cardiff business market.
If your desired name is already registered, you’ll need to choose a different name or modify it. Using a taken name could result in rejection by Companies House or potential legal issues. Our experts can help you brainstorm alternative names that are compliant and market-ready.
It’s not advisable to use a name that’s too similar to another company, especially within the same industry. Similar names can confuse customers and risk trademark disputes. A company name search helps you identify these risks early.
For a company name search in Cardiff, you may need:
Proposed company name
Business entity type (Ltd, LLP, Partnership, etc.)
Jurisdiction (Cardiff / UK)
Owner or shareholder details (if applicable)
Business description
A “high probability” result means your proposed company name is likely to be available, but further checks are recommended. This is why our detailed Cardiff Company Name Search Report includes both identical and similar names for clarity.
Certain words are restricted under UK law (e.g., “bank,” “insurance,” “government”). If you want to use them, you’ll need special approval from regulatory bodies. We guide you through this process if your Cardiff business requires such terms