Wholly Owned Subsidiaries

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Ambuja Cements incorporates three wholly-owned subsidiaries to boost aircraft, cement biz

All the three wholly-owned subsidiaries of Ambuja Cements Limited are yet to commence business operations. The Adani group company owns 100 percent equity in the three wholly-owned subsidiaries.
Foreign banks' WoS to be exempt from capital gains tax: RBI

The RBI said it was receiving queries from foreign banks regarding capital gains tax and incidence of stamp duty on conversion of existing foreign bank branches into wholly owned subsidiaries.
Don't want to merge with foreign bank: Karur Vysya Bank

If subsidiaries are set up and the foreign banks want to give competition to Indian banks there are challenges because it is not going to be that easy, says K Venkataraman, MD & CEO, Karur Vysya Bank.
RBI releases guidelines for foreign bank subsidiarisation

The new framework requires foreign banks to create separate legal entities, having their own capital base and local board of directors.

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Wholly Owned Subsidiaries

Ambuja Cements incorporates three wholly-owned subsidiaries to boost aircraft, cement biz

Foreign banks' WoS to be exempt from capital gains tax: RBI

Don't want to merge with foreign bank: Karur Vysya Bank

RBI releases guidelines for foreign bank subsidiarisation