Complete Guide to WOS Registration and Compliance
WOS Compliance refers to the legal, regulatory, and statutory requirements that a Wholly Owned Subsidiary (WOS) must follow while operating in India. A Wholly Owned Subsidiary is a company whose entire shareholding is held by another company, generally a foreign parent company. It is commonly established by foreign businesses looking to expand their operations in the Indian market. What is a Wholly Owned Subsidiary (WOS)? A Wholly Owned Subsidiary is an Indian company in which 100% of the shareholding is owned by its parent company, subject to applicable Indian laws and sectoral restrictions. It is generally incorporated as a private limited company and must comply with the Companies Act, 2013, FEMA regulations, and other applicable laws. Important WOS Compliance Requirements Every Wholly Owned Subsidiary in India must fulfil various statutory and regulatory obligations, including: Annual ROC Compliance: Filing of financial statements in Form AOC-4 and annual return in Form MGT-7 or ...