Subsidiary Company

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Under Section 4(7) of the Companies Act 2013, In India a Subsidiary company is the one where parent company directly or indirectly holds 51% voting rights in that company.
In case of company incur losses, the assets of the parent company will be untouched. However, this rule does not always apply in all countries, depending on local laws
Parent company will always have significant influence over the principles, vision, and tactics that govern the subsidiary.
The investment needed to acquire a foreign subsidiary is less than that to set up a unit of the company in another country without the hassle of setting up a branch or a new firm abroad.
Establishing a foreign subsidiary also enables a parent company to expand its target consumer and to introduce its products and services to a new group of prospects.