Meaning - Subsidiary company:
A subsidiary is a company with voting stock (that is more than 50%) controlled by another company, usually referred to as the parent company or the holding company. In cases where a parent company owns a foreign subsidiary, the subsidiary must follow the laws of the country where it is incorporated and operates. Hence, if a foreign company is incorporated in India, then it has to follow the applicable laws in India.
How to Register a Subsidiary Company in India?
According to FEMA guidelines, Foreign Direct Investment (FDI) is not allowed in case of Proprietorship, Partnership Firm and One Person Company. Though investment in LLP&asop;s is allowed, but it requires prior approval of the RBI.
Document Information
Documents for Subsidiary Company Registration
1.) For Indian Resident Director
2.) For Foreign Directors/Shareholders and Authorized Representative of Foreign Company
3.) For Indian Company