Are you looking for SUBSIDIARY COMPANY registration
MEANING OF SUBSIDIARY COMPANY-
A subsidiary company is a company owned and controlled by another company. The owning company is called a parent company or sometimes a holding company. Holding company may be –
The company shall be deemed to be subsidiary of another if any of the following conditions are satisfied-
Control the composition of its board of directors;
Other exercises and control more than one-half of total voting power either at its own or together with one or more of its subsidiary companies; or
The first- mentioned company is a subsidiary of any company which is that other` subsidiary.
An Indian company may receive Foreign Direct Investment under the two routes as given under:
Automatic Route- FDI is allowed under the automatic route without prior approval of-
Reserve Bank of India
In all activities/sectors as specified in the consolidated FDI Policy, issued by the Government of India from time to time .
Government Route -FDI in activities not covered under the automatic route requires prior approval of the Government. Proposals for foreign investment under Government route, are considered by respective Administrative Ministry/Department.
Foreign investment in sectors/activities under government approval route will be subject to governmentapproval where:
(i) An Indian company is being established with foreign investment and is not owned by a resident entity or
(ii) An Indian company is being established with foreign investment and is not controlled by a resident entity or
(iii) Investment by NRIs under Schedule 4 of FEMA (Transfer or Issue of Security by Persons Resident Outside India) Regulations will be deemed to be a domestic investment at par with the investment made by residents.
(iv) A company, trust, and partnership firm incorporated outside India and owned and controlled by non-resident Indians will be eligible for investments under Schedule 4 of FEMA (Transfer or issue of Security by Persons Resident Outside India) Regulations and such investment will also be deemed domestic investment at par with the investment made by residents.