Wholly owned subsidiary of Foreign Company

Dear Neeta,

except RBI compliances for inward remittances information and annual return(FC-GPR) there is no difference in indian and  WOS of foreign company since your company not come under sec. 4(7) of co. act, 1956.

Dear Neeta,

Your opinion is correct to the extent of additional compliances with RBI for Indian WOS of F'Co. But indirectly many areas are restricted compared to Indian WOS of I'Co few are

1.Restrictions on Downturn Investments by Indian WOS of F'Co.

2.Restrictions on Area of Business/Objects of Business.

3.FIPB permission

regards,,,,

Thank you for the replies .