Indian Subsidiary Company
The Indian subsidiary Company is the company whose interests are held and controlled or held by another company. The preference share capital and the paid-up equity share capital of the Subsidiary company can be used to determine the holding company, subsidiary company relationship between two companies. It can either be owned or owned in part by another company. It should be noted that the company that owns the subsidiary is known as a parent company or a holding company.
Minimum 2 directors are required out of which one person can be from parents company a one local person can be appointed in India who will be responsible for compliance
Minimum two shareholders are required out of that one will be parent company holding majority of shares or more then 51% and balance can be given to any of director of parent company.