To Start a new company

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Naresh (Querist)
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06 January 2011 A French Company wants to start a new company in India and the main aim is to train & educate students in finance & management sector

she wants to form 100% Subsidiary company of the Parent company, can she?

Else what other option does it have

CS Taher

CS Taher (Expert)
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06 January 2011 yes the french company can establish a 100% wholly owned subsidary in India provided that more than two persons shall be the director of the company, should be Indian citizen and the company shall be registered as a company in the state where the company wants to carry on the business.

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Naresh

Naresh (Querist)
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07 January 2011 As i have understood, under FEMA foreign company cannot do the business in education sector.

Under the following circumstances is it allowed?