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Gift to indian wholly owned subsidiary


Shridhi Jain (Company Secretary)     17 January 2014

Shridhi Jain
Company Secretary 
 155 likes  1678 points

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A foreign company has indian wholly owned subsidiary (WOS). The indian company is not doing well so foreign parent company wishes to help indian company by way of providing financial aid (neither capital nor liability) and also wants to give machinery as gift without creating any further liability on indian company.

Indian company is already in huge losses since its incorporation.

Can it be done? 

avater

kumar (Working)     17 January 2014

kumar
Working 
 17 likes  170 points

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