Relationship between NRI Co In India and his ownership co in USA
Situation : An NRI (US citizen) owns a co. in USA and formed a pvt ltd co in Bangalore with a local resident who is Indian citizen and the NRi owns 70% share. The AOA and MOA and other documents all indicate that the NRI is 70% share holding director and has controlling rights over the Indian co. Question: Can this be considered as a Parent-Subsidiary or Parent-Sister co or what relation can be established between the two companies? I understand the investment of 70% stakes must be made by a copany and not by an individual to establish a relationship with the two cos. Is this correct?
Lawyers answer this question
For More Details Contact On
Documents may be perused before any legal opinion is given. Please contact me in person if you interested.
186 user found this answer helpful
Disclaimer : This answer is based on information given by you hence, It is just opinion of Lawyer. For specific answer you have to give details and facts and choose the Lawyer of your choice.
Lawyers: To answer this question, please Sign In
to your account or wait for admin approval.