A Body Corporate which is incorporated outside India can set up its wholly owned subsidiary in India of which 100% holding to be held by Foreign Body Corporate. The Company in India can be a Public limited Company or a Private Limited Company.
What is Wholly Owned Subsidiary?
Means a body Corporate in which the holding corporation exercises or controls 100% of the total share capital.
This form of business registration gives a foreign body corporate more advantages as compared to branch/project/liaison office in India.
Investment can be done by foreign body corporate by following the procedure of foreign direct investment route.
The Wholly Owned subsidiary will be governed through the land of law i.e Indian Laws
Registration of Wholly Owned Subsidiary in India can done by following the procedure to register a plain Private Limited except the shareholding pattern.
How Wholly Owned Subsidiary is different from a Plain Company?
All the Shares to be held by foreign body corporate only one share to be held by any other person as a nominee of the holding body corporate to comply with the basic character of a private limited company i. e minimum two members are required to form a private company and the same shall be seven in case of public company in that case six shares to be held by six different person as a nominee shareholder and remaining to be held by holding body corporate.
Services Offered at K2Y India
We being a team of highly skilled professionals offer a complete business solution to the business who want to set up a wholly owned subsidiaries in India. Our Scope of Services encompasses the following-:
- Incorporation and matters incidental thereto likewise guidance on documentation & Shareholding;
- Foreign direct Investment Reporting;
- Tax Planning;
- Accounting & Bookkeeping services;
- Maintenance of Statutory records and registers;
- Supplying a local city center business address with mail and phone forwarding;
- Service of Resident Director;
- Other Business Supporting Services.