Wholly owned susidiart
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 October 2010
An Indian Company has a WOS in Singapore.The WOS wants to change its constitution to an independent entity.In other words,it doesnot want to be a WOS anymore.
What are the formalities required for this purpose ?
What are the formalities required for this purpose ?
03 November 2010
Than you need to transfer the holding from the Indian Co to one required. The subsidiary means one who holds more than 50% shares or control the board.
Thus as applicable, change the control or transfer the shares
Thus as applicable, change the control or transfer the shares
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