WOS
This query is : Resolved
25 March 2010
Dear Ankur & Dear Experts,
I am in process of incorporating company called Wholly Owned Subsidiary for Foreign Company.Foreign Company A and Foreign Company B are intial subscribers.I wanted your veiws can Foreign Company namely A and B can sign the subscribers sheet through person who is here in India or not.
Thanks & BR,
RK
I am in process of incorporating company called Wholly Owned Subsidiary for Foreign Company.Foreign Company A and Foreign Company B are intial subscribers.I wanted your veiws can Foreign Company namely A and B can sign the subscribers sheet through person who is here in India or not.
Thanks & BR,
RK
25 March 2010
Both the foreign companies can through their duly appointed authorised persons become the subscribers to a company.
However, I also understand that the company will not be a WOS since foreign company A and B are both subscribing to the shares of the company. If the company to be formed has to be a WOS, then authorised persons from only one of the foreign companies should be subscribing to the shares of the company.
However, I also understand that the company will not be a WOS since foreign company A and B are both subscribing to the shares of the company. If the company to be formed has to be a WOS, then authorised persons from only one of the foreign companies should be subscribing to the shares of the company.
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