Foreign Subsidiary Company is the Private Limited Company registered with Registrar of Companies (ROC) with its primary purpose to issue the shares to the Foreign Company. Foreign Subsidiary Company also required the approval from Reserve Bank of India (RBI) as it brings the Foreign Direct Investment (FDI) in terms of initial capital subscription by the parent company.
Foreign Subsidiary Company also requires the approval from the Parent Company through the Board Resolution passed by the board of the Parent Company authorizing the representative to act as nominee on its behalf and issue no objection on usage of similar company name in India.
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