What are the essential steps and considerations for foreigners looking to establish a subsidiary company in India?in India?

For starting a subsidiary company, foreigners must meet the basic requirements

• Minimum of 2 directors – Maximum of 15
• At least 1 director should be a resident of India
• There must be a minimum of 2 shareholders and a maximum of 20
• The shareholders can either be individuals or the entity or a combination of both.
• The parent company is required to hold 50% of the total equity share capital.