CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
21 May 2010An Listed Indian Company wants to set a Wholly Owned Subsidary in UK.
Can any one provide me the procedure.
I have already gone through Master Circular of RBI.
Please provide any other implications under corporate laws.
daya shankar singh
(CA ,CS)
(629 Points)
Replied 21 May 2010
You have to go through the norms, rules and regulation of UK, where you want to set up there wholly own subsidiary .You have to take the permission of UK government before set up their wholly own subsidiary
raspreet kaur
(job)
(55 Points)
Replied 22 May 2010
You simply form a company in UK as per its local laws with sole shareholder being the Indian Company.
Just see to it that limit of 400% of net worth of Indian Party is complied with & file form ODI with RBI along with the required documents within 30 days.
CAclubindia
