Your bank is a reporting channel
Corporate Bank Account Support in India
In India the bank does more than hold your money. It is the channel through which foreign investment is reported.
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The bank sits inside the regulatory process
Foreign share subscription money must arrive through banking channels, and the authorised dealer bank is the conduit through which the resulting filings reach the Reserve Bank. That makes the choice of bank and the quality of its foreign exchange team a compliance matter, not just a service one. A bank that handles these filings slowly delays your regulatory reporting, and the deadlines are short.
- Bank chosen with its foreign exchange capability in mind
- Share subscription routed and documented correctly
- Reporting deadlines met through the bank channel
20+
Mainland, free zone and offshore jurisdictions we file in — so the recommendation is based on your activity, not on which authority we happen to be registered with.
7,000+
Companies successfully established.
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Why the bank matters
The bank’s role beyond banking
It is part of the compliance chain.
| Function | Why it matters |
|---|---|
| Receiving subscription funds | Foreign investment must come through banking channels. |
| Foreign inward remittance documentation | Evidences the source and purpose of funds. |
| Regulatory filings | Routed through the authorised dealer bank. |
| Filing deadlines | Short, and dependent on the bank’s turnaround. |
| Ongoing remittances | Outward payments require documentation. |
| Know your customer | On the company and all directors. |
Banking requirements, foreign exchange procedures and reporting deadlines are set by the Reserve Bank and the banks and change. Account opening decisions rest with the bank. Every Indian company must have at least one director resident in India, and foreign share subscription must be reported to the Reserve Bank of India within a short period after allotment.
How it works
Getting the company banked and compliant
Choose for capability, not convenience.
01
Choose the bank
Selected partly on the strength of its foreign exchange and regulatory reporting function, since your filings depend on it.
02
Open and fund
Account opened with the company’s tax number and documentation, then subscription funds received through banking channels with proper documentation.
03
Report on time
The resulting regulatory filings made through the bank within their deadlines, and outward remittance documentation set up.
- Certificate of incorporation
- Constitution of the company
- Company permanent account number
- Board resolution on account opening and signatories
- Identity and address proof for all directors
- Proof of registered office address
- Shareholding pattern and beneficial ownership
- Details of the foreign investor
- Expected transaction profile
- Source of the subscription funds
- Business plan or activity description
- Specimen signatures
Scope
What is included, and what is not
Stated plainly, so nothing is added once the engagement starts.
Included in the service fee
- Bank selection with reporting capability in mind
- Document preparation for account opening
- Board resolution and signatory documentation
- Guidance on routing subscription funds
- Foreign inward remittance documentation co-ordination
- Regulatory filings through the bank channel
- Deadline tracking for those filings
- Support through bank queries
Not included, quoted separately
- Any guarantee of account opening
- Bank fees and minimum balances
- Bank decisions and timing
- Subscription funds themselves
- Valuation reports for share pricing
- Outward remittance tax certification unless quoted
- Audit and accounts preparation
- Tax advice outside India
Verify independently
Official Indian authorities
We file directly with these bodies on your behalf.
Reserve Bank of IndiaMinistry of Corporate AffairsRegistrar of CompaniesIncome Tax DepartmentAuthorised dealer banksController General of Patents, Designs and Trade Marks
Questions
India banking — FAQs
Why does bank choice matter so much in India?
Because the authorised dealer bank is the channel for your foreign investment filings. A slow foreign exchange team puts your regulatory deadlines at risk.
Can subscription money come in before the account opens?
No. Foreign investment must arrive through banking channels into the company’s account, which is why account opening is on the critical path.
What documentation does the remittance need?
Documentation evidencing the inward remittance and its purpose, which supports the subsequent regulatory filing. The bank issues it.
How quickly must the filing follow allotment?
Within a short prescribed period. Because it routes through the bank, their turnaround is part of your deadline.
Do directors need to be in India to open the account?
Requirements vary by bank, and documentation for overseas directors needs apostilling. We confirm the specific bank’s requirements before you plan travel.
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