Foreign company as a shareholder

Chandana,

It is possible, you can go ahead with incorporation but my query is, how can it be wholly owned subsidiary of Malaysian Company, when that company is holding only 80% of stake, in order to call it as wholly owned subsidiary, Malaysian company should hold entire share capital of subsidiary company, in that case, malaysian company will nominated one person to hold one or two shares to comply with law to have minimum two shareholders.

One person who is resident of India should be director in the Company.

You have to comply with procedural aspects of Incorporation, getting extrat of Board resolution from malaysian authorized to invest and sign the incorporation documents, go for apostle or notary in Malaysia on Subscripttion sheets, INC-9, INC-10 and other relavent incorporation documents.

Sorry for the confusion, we meant a subsidiary, not wholly owned subsidiary. 

Thanks a lot for the advice.