Formation of wholly owned subsidiary company
Siddhi Jhunjhunwala
(Querist) 11 July 2013
This query is : Resolved
What is the procedure of registration of wholly owned subsidiary company(which will be a pvt. company)?
What are the minimum requirements of directors and share capital for subsidiary company?
Who all can subscribe to the share capital of that pvt subsidiary company?
Taher
(Expert) 12 July 2013
Registration of wholly owned subsidiary is as simple as registering a new company however the diff is that the Holding company will hold shares more than 99% and the other shareholders shall hold negligible shares. Further the company has to adher to the provision of sec187C of companies act with the filing of respective forms as per provision of sec 187C detailing the beneficial interest of the negligible shareholders.
