Wholly Owned Subsidiary
Wholly Owned Subsidiary is that company which is completely owned by another company which is commonly known as the parent company or holding company. In India, a Foreign company can set up its wholly owned subsidiary as a private limited company or as a public limited company. To establish a wholly owned subsidiary in india requires legal services which are provided by Go Company at very basic price.
- When a foreign company makes 100% F.D.I. in an Indian Company whose main purpose was this F.D.I. is Wholly Owned Subsidiary.
- Regulations of Wholly Owned Subsidiary is done under the Companies Act, 2013.
- Wholly Owned Subsidiary have permission for all type of business activities such as manufacturing, marketing etc.
- The wholly owned subsidiary is treated as domestic company and is allowed to have all the exemptions and deductions enjoyed by the Indian companies.