how could it be WoS(100%) ?

Dear Sonia

In case as specified by you, one share is allotted to the director / or other nominated person of other member company and payment of such one share is also made by such member company so that entire capital of subsidiary is shown as investment of holding company.

Regards

Sudhir

In order to fulfil the requirement of at least two members in respect of a private limited company and atleast Seven members in respect of a Public Company incorporated in India and in compliance of the provisions of Section 49(3) of the Companies Act, 1956 the procedure is adopted as under:(assumed that a Private Company to be incorporated with a subscribed capital of Rs. 100,000)

a) 9,999 equity shares of Rs. 10 may be subscribed by the Holding Company directorly (ofcourse some authorised representative will sign the MOA and AOA table on behalf of the Holding Company as per executed Board Resolution of such Holding Company)

b) at least 1 equity share of Rs. 10 should be subscribed by one nominee (by Six different nominees in case of Public Limited Company) of the Holding Company. (Also, after incorporation, comply with the provisions of Section 187C of the Companies Act, 1956 by filing necessary e.Form 22B alongwith Form I and II)

Fully agree with Ashwini Kumar.