http://www.indialiaison.com/ECB.htm
Monday, March 18, 2013
setting up of 100% foreign subsidiaries
A foreign company can form a WOS in sectors where 100% foreign direct investment is permitted under the FDI policy. A WOS gives the most flexibility and protection to a foreign investor in India. A WOS can be defined as an entity whose entire share capital is held by foreign corporate bodies. A WOS can be formed either as a private or public company, limited by shares or guarantee, or an unlimited liability company. Considering the various exemptions available to a private company limited by shares (a “private company”) under India’s Companies Act, 1956 (the “Act”), it is recommended that a WOS be established as a private company.
Key Features of WOS :
Services required:
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export/import of foreign exchange
http://www.eximguru.com/exim/guides/export-finance/ch_14_foreign_exchange_management_act.aspx
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