Foreign Parent - Indian Subsidiary Registration
Subsidiary Company Registration also referred to as foreign company registration is governed by the Companies Act 2013 defines a subsidiary as a company in which a foreign corporate body owns no less than 50% of the entire share capital. A Subsidiary Company is also known as a sister company, and the company which exercises control over it is identified as the parent company or holding company. The parent company wholly or partially controls a subsidiary company. Subsidiaries must follow the laws of the country in which they are set up and running. Therefore, if the foreign subsidiary incorporated in India, then it must follow the law in force in India.