WHOLLY OWNED SUBSIDIARY
Due to booming economy, India is preferred destination for investment from NRI’s, Foreign National and foreign companies. India is growing tremendously and has plenty of business opportunities; India has a investor friendly climate.
If you want to Register your Wholly Owned Subsidiary (WOS) than HMJG LEGAL E-SERVICE INDIA PVT LTD will help you in Registration and in all the Compliance after Registration.
A Foreign Company planning to set up business operation in India may.
ADVANTAGES OF WHOLLY OWNED SUBSIDIARY COMPANY
India has open the gate for the Foreign Company to incorporate there subsidiary Company in India it can be in any form either Private or Public Limited Company.
LEGAL SEPARATE ENTITY
Wholly Owned Company (WOS) is an artificial distint Entity so it is separated by law from its owner. In case of Sole Proprietorship business comes to wound up in case of death of the owner unlike WOS.
The liability of the shareholder is limited upto unpaid subscription money in his name and the personal Asset does not get affected by it unlike Sole proprietor or Partnership Firm.
Death and insolvency of any of the member does not affect the continuity of the company. Thus the life of its members does not affect the company. Person can become member or even can leave the organization. Transfer of share can not affect the company.