Subsidiary of a Foreign Company
About setting up of subsidiary company
- A foreign can invest in a company in India through Automatic Route and through Govt Approved Route
- No prior approval required in the case of Automatic Route
- Filing of prescribed documents and intimation to RBI needs to be done within 30 days of receipt of investment in the case of Automatic route
- FDI up to 100% is allowed under Automatic Route
- Investment in activities / industries where automatic route is not available can be made with the approval of the Government under the Government Approved FDI method