Hello Everyone
Sorry for my query is not exclusively specific
A company ( reg in India )which is a wholly owned sub of a foreign company , can it go purely as other companies ( not sub of foreign cos ) except the requirement in respect of RBI . I think its all that the Company is registered in India and the extra application comes is in respect of RBI requirements apllies.
Please tell me where does the major difference lies , if any ,between a wholly owned sub of a foreign co and a co with no foreign connections??
Regards
CAclubindia
