Wholly Owned Subsidiary

A wholly owned subsidiary is a company that is completely owned by another company. The company that owns the subsidiary is called the parent company or holding company. The parent company will hold all of the subsidiary’s common stock. Since the parent company owns all of the subsidiary’s stock, it has the right to appoint the subsidiary’s board of directors, which controls the subsidiary.
Wholly owned subsidiaries may be part of the same industry as the parent company or part of an entirely different industry. Sometimes, a company will spin off part of itself as a wholly owned subsidiary, such as a computer company spinning off its printer manufacturing division. Wholly owned subsidiaries enable holding companies (i.e. the parent company) to maintain operations in diverse geographic areas, market areas, and even entirely separate industries, creating an important hedge against changes in the market, geopolitical and trade practice changes, and declines in industry sectors.

Analysis

Obtain help of Professionals & Subject matter experts at CFO Affairs to understand the intricacies involved in the registration. We are more than happy to educate you and make your entity registration a hassle free process.

Wholly Owned Subsidiary

35,000/-

3 DINs, 3 DSCs,1 Lakh Authorised Capital, MOA, AOA, Name Approval, Government Fees, PAN, TAN

Registration Process

CFO Affairs helps you register in 5 to 6 working days, subject to MCA and client processing time.

1.

DSC Application

Digital Signature Certificate(DSC) and Director Identification Number(DIN) is required and can be obtained for the Directors within 1 working day.

2.

INC 29 Filing

MCA will usually approve the application for incorporation in 3 to 4 working days, subject to their processing time.

3.

PAN & TAN Application

Once the name is approved, PAN and TAN Application for the firm would be obtained in 3 to 4 working days.

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