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.
wazzeer Changed status to publish March 12, 2024