What is Limited Liability Partnership (LLP)

• • Limited Liability Partnership (LLP) is a company in which a foreign legal entity own at least 50% of the total share capital. a company whose control lies with another company. The company that holds the control is as a Parent Company or Holding Company.
  • The subsidiary company can be either established or acquired by the holding company.
  • The Holding company owns a majority of the shares of the subsidiary company, and hence it can exercise control as the major shareholder.
  • The Holding company holds an interest in the subsidiary company. The company in which the holding company holds 100% share capital is termed as a wholly-owned subsidiary.

Requirements for Limited Liability Partnership (LLP)

• • Minimum two directors are required for incorporation of the Company
  • At least one should be a resident of India
  • No minimum capital required to form an Indian Subsidiary Company in India
  • Indian Subsidiary Company must have minimum of two shareholders. The Parent Company must hold 50% of total equity share capital