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Setting up a subsidiary company in India allows foreign businesses to operate as a separate legal entity with limited liability and full control over operations. The incorporation process is completed through the MCA portal under the Companies Act, 2013. Key steps include: Digital Signature Certificate (DSC) for directors Director Identification Number (DIN) application Company name reservation via SPICe+ MOA and AOA filing Certificate of Incorporation issuance A subsidiary must also obtain PAN, TAN, GST registration and comply with FEMA and RBI regulations after incorporation.