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    Change in Status of Wholly Owned Subsidiary

    Posted By : Sachin / Published on : 10-Feb-2022 03:02 PM / View : 454 / Comment : 0

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    Dear Members,

    There is a company whose status is - wholly owned foreign subsidiary Pvt Ltd company, It wants to issue further share capital to residents of India. post issue the share holding for Indians 90% and foreign company will be 10%.

    1. Are there any restrictions to issue share capital being in the status of wholly owned foreign subsidiaries.
    2. What will be the status of the company after the issue?? Any forms to be filed for the same??
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