Wholly owned subsidiary

CS Bharathi G Karthikeyan (Company Secretary) (153 Points)

05 August 2013  

A Foreign entity wants to form an wholly owned subsidiary private  limited in India, we need minimum of 2 directors,

1.  is there necessary to have any one or all as indian citizen, 

2.  In MOA as subscriber, if any indian as a beneficial owner should mention as beneficial owner in the place of subscriber list

3. what will be the procedure to conduct meeting.

 

Kindly guide me in detail