Conversion of private ltd company to wholly owned subsidiary
This query is : Resolved
04 July 2017
Can anyone please guide me how a private limited company can be converted into a wholly owned subsidiary of a foreign company. I need to know the entire procedure to carry out this conversion. Please reply. Thanks in advance.
Ankur Garg
(Expert)
14 July 2017
This is not a formal conversion like Private to Public or Public to private.
By acquiring entire share capital of a private limited company, a foreign company can become holding company and such private limited company can become wholly owned subsidiary of such foreign company.
By acquiring entire share capital of a private limited company, a foreign company can become holding company and such private limited company can become wholly owned subsidiary of such foreign company.
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