A subsidiary of a Foreign Company in India | Filing By Expert

A subsidiary of a foreign company is an entity that is entirely or partially owned by the parent firm and operates in one nation while its parent company is located in another. For example, a parent company based in the United States (Parent company) is conducting business in India through a subsidiary company.
A multinational subsidiary or holding company must own more than 50% of a business entity to be classified as a foreign subsidiary company. A "wholly-owned subsidiary" is one in which the parent business owns 100 percent of the shares. To maintain control over the administration and operations of the overseas subsidiary, the parent company, along with any other shareholders, should elect a board of directors.
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