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HSCC (INDIA) LIMITED (A Wholly owned subsidiary of NBCC (India) Limited) (A GOVERNMENT OF INDIA ENTERPRISE) E6A, Sector01, Noida201301 as Executing Agency on behalf of MINISTRY OF HEALTH & FAMILY WELFARE, Government of India, New DelhiDated: 24.01.2019AMENDMENT No. V Project Name:Tender for External Electrical Works for All India Institute of Medical Sciences (AIIMS) at Nagpur (Maharashtra).Tender No.HSCC/PMSSY/AIIMS/Nagpur/ExtElect/2018, dated: 06.12.2018The bidders may
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Determine the jurisdiction where the wholly owned subsidiary will be established.
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Choose a name for the subsidiary that complies with local naming regulations.
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Prepare the required documentation, including articles of incorporation and bylaws.
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File the incorporation documents with the appropriate government agency.
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Obtain any necessary licenses and permits required to operate in the jurisdiction.
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Set up a bank account for the subsidiary.
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Establish a physical presence, including an office and employees, if necessary.
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Register for taxes and obtain an Employer Identification Number (EIN) if required.

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Multinational corporations looking to expand their operations into new markets.
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Organizations aiming for strategic investments in key areas without partnership risks.
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A wholly owned subsidiary is a company that is completely owned by another company, known as the parent company, which holds all its shares and has full control over its operations.
Typically, the parent company is required to file for a wholly owned subsidiary, especially if it is a corporation that is required to register and comply with local and federal business regulations.
To fill out a wholly owned subsidiary, the parent company must provide relevant information such as the subsidiary's name, business address, purpose, ownership structure, and details about its governance.
The purpose of a wholly owned subsidiary can vary but often includes separating risks, expanding into new markets, taking advantage of tax benefits, and enhancing brand presence while maintaining control.
Required information typically includes the subsidiary's legal name, address, ownership percentage, financial statements, operational activities, and any compliance information required by regulatory bodies.
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