Affluence Advisory
Quick Summary
Wholly Owned Subsidiaries (WOS) provide an effective means for foreign entities to establish their operations in India. A WOS is a company where the entire share capital is held by a foreign parent company, allowing for complete control over the Indian operations. While this structure offers strateg
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FAQ :
A WOS in India must have at least two directors, with at least one director being a resident of India.
WOS must file annual returns (Form MGT-7) and financial statements (Form AOC-4) with the Registrar of Companies (RoC). They also need to maintain proper books of accounts and statutory registers.
Every private company, excluding small companies, must issue its securities solely in dematerialised form and facilitate this dematerialisation process.
WOS must comply with Foreign Direct Investment (FDI) policies, report foreign investment via Form FC-GPR within 30 days of share issuance, and file the FLA return annually. They must also adhere to External Commercial Borrowings (ECB) guidelines and FEMA regulations for all foreign exchange transactions.
WOS must comply with Goods and Services Tax (GST) regulations if applicable, various labour laws to ensure employee rights, and any sector-specific regulations relevant to their business operations.
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