Frnds,
Pls tell me the formalities/ procedure to be done in FEMA, RBI, Companies Act with regard to wholly owned foreign subsidiary and indian holding company.
Its urgent.
Regards,
Shridni Jain
Dear Friends / Experts,
Please see my basic query :
In Directors' Report under Statutory Information, we give the information, which is reproduced.
- - - - - - -
Statutory Information
The information pursuant to Companies (Disclosure of Particulars in the Report of Directors) Rules, 1988 in Conservation of energy and technology absorption : Not Applicable.
Foreign Exchange Earning : Rs. Nil.
Foreign Exchange Outgo : Rs. Nil.
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Query :
Whether mention of 'Conservation of Energy' shall be applicable to any type of private companies (i.e. Companies engaged in the business of Consultancy Services, Software Services, Advisory Services, etc.).
Ans : .................
Please clarify my basic query as given above.
Thanks to all concerned.
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Foreign Subsidiary Co.