The New Generation Of Banging Hardtechno

newco · Posted: Wed 10:10, 13 Mar 2013 Post subject: Wholly Owned Subsidiary in India

A foreign company can also set up its operations in India by forming a wholly owned subsidiary in India in sectors where 100% FDI is permitted under the automatic route or where approval from the FIPB has been obtained for such investment.

A wholly owned subsidiary can be set up as a:

Private Limited Company
Public Limited Company
Other than the approval that may be required to be obtained from the FIPB in case of regulated sectors, the procedure for setting up of a subsidiary is same as that of any other private or public limited company. For details of the procedure