Octagona India has always taken pride in being able to go the last mile to help our clients. Often a client wants a service that is based on trust. In recent times, there has been a significant swing towards the use of independent directors, shareholders and trustees. We understand the needs of our clients and are therefore able to offer customised fiduciary services to help them get over the line.
Under fiduciary services, we provide :
Trust-based services that meet Indian legal requirements and keep your operations running.
A qualified Indian resident director for your company, as the Companies Act requires, with clearly defined responsibilities and reporting.
Acting as the second shareholder on your behalf so your company meets the minimum two-shareholder requirement.
Day-to-day banking support: payments, foreign remittances, bank documents and liaison with your bank, on an hourly basis.
Arranging performance and financial bank guarantees for tenders and contracts, including documents and follow-up with banks.
Need help with any of these services? Talk to our team in India.
The Companies Act, 2013 requires every company to have at least one director who stayed in India for 182 days or more in the previous calendar year.
A private limited company needs at least two shareholders. When a foreign parent wants to hold almost all the shares, a nominee holds a nominal share on its behalf, while the beneficial interest stays with the parent.
Our resident director signs statutory documents, attends board meetings and oversees compliance within the authority given by your board. Operational decisions remain with your management.
Yes. Under our banking and fund management services we make payments and remittances according to the approval process you set, with full documentation.
Yes. We work with your bank to arrange performance or financial guarantees, preparing the documents and following up until the guarantee is issued.