dear all
normally when we read FDI or ODI relevant provisions we do come across the provisions relating to 100% owned WoS.
it impliedly means all the share capital is held by one person. but currently under CA1956 does not allow the capital to be held by only one single person.
does it mean that capital is held by various group companies or associates who all falls within the same group or under the same management. if that is so, then the group holding company is required to maintain the register indicating the investments held on its own name?
or are there any other specific provisions applicable to that scenario?
please share your views
thank you
sonia
CAclubindia
