Promoter company

Shridhi Jain (Company Secretary) (1678 Points)

27 November 2012  

An Indian company is forming a company abroad in collaboration with two more foreign ppl. 

Is it required for the promoting company to be the holding company of the company to be formed.?

Actually, the foreign company wants to act as the representative of the indian company. 

Shareholding pattern as decided is 1/3 shares each amongst three.