The company in which the holding company holds 100% share capital is termed as a wholly-owned subsidiary. As per Law, an Indian subsidiary company is an Indian company and treated as one and is required to meet all the compliances applicable to Indian companies.
source https://www.caclubindia.com/articles/incorporation-of-indian-subsidiary-46760.asp
source https://www.caclubindia.com/articles/incorporation-of-indian-subsidiary-46760.asp
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