WOS

Shridhi Jain (Company Secretary) (1678 Points)

26 April 2011

Frns,

Pls tell me the procedure to make a existing foreign company a wholly owned subsidiary of HUF.

Kindly tell me relevant laws too.

Thanks

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5 Replies

Shridhi Jain (Company Secretary) (1678 Points)
Replied 26 April 2011

koi nhi hai jo meri query ka reply kar sake.....???

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
Replied 26 April 2011

Shriddhi,

For holding subsidiary relation, there must be 2 Companies. How can one company be the subsidiary of HUF.....

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Jaideep (Service) (1368 Points)
Replied 26 April 2011

Originally posted by : CS Ankur Srivastava
	Shriddhi, For holding subsidiary relation, there must be 2 Companies. How can one company be the subsidiary of HUF.....

Also posted in your previous same posts...that HUF can not make overseas investment.

Thanks

Shridhi Jain (Company Secretary) (1678 Points)
Replied 26 April 2011

But a partnership firm can own a WOS. Howz that possible then...???

Every thing is defined in FEMA n RBI except the defiinition of HUF... I dont knw whether to treat HUF as an individual or an indian party/entity...??

Pls tell me.

SANTOSH SHAH (Company Secretary) (754 Points)
Replied 26 April 2011

Originally posted by : Shridhi Jain
	But a partnership firm can own a WOS. Howz that possible then...??? Every thing is defined in FEMA n RBI except the defiinition of HUF... I dont knw whether to treat HUF as an individual or an indian party/entity...?? Pls tell me.