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The company owns a majority of the shares of the subsidiary company, and hence it can exercise control as the major shareholder. The company holds an interest in the subsidiary. But the main thing is that the subsidiary of a distant parent company is a separate legal entity from the parent company, and therefore the Indian subsidiary company is obligated to function under the principles and compliances of the country where it's situated or registered.  

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Member since : 27 November 2020
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Country : india India
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