Setting up a Wholly Owned Subsidiary (WOS)
A foreign company can also set up its operations in India by forming a wholly owned subsidiary in India in sectors where 100% FDI is permitted under the automatic route or where approval from the FIPB has been obtained for such investment.
What is a WOS?
A Wholly Owned Subsidiary or WOS is a company whose stock is entirely owned by another company. The owner of a wholly-owned subsidiary is known as the parent company or holding company. Because the parent company owns all of the stock of the wholly-owned subsidiary, the parent company can control all of its activities. Thus, all of the activities of the wholly-owned subsidiary are part and parcel of the parent company for both operating and reporting purposes.
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