India time is 9.5 hours ahead of Eastern time. Therefore, if it is  11:30 p.m. Eastern, the time in India would be 9:00 a.m. 1 person found this useful.
Definition. A wholly owned subsidiary is a company that is completely owned by another company called the parent company or holding company. The parent company will hold all of the subsidiary's common stock.ummary. A wholly owned subsidiary is a company completely owned by another company. The company that owns the subsidiary is called the parent company or holding company.
If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. However in a large organization, various parts of the business may be run by different subsidiaries, and a business division may include one or many subsidiaries.Each subsidiary is a separate legal entity owned by the primary business or by another subsidiary in the hierarchy.nother less obvious example is that Google Video is a division of Google, and is part of the same corporate entity. But the YouTube video service is a subsidiary of Google because it remains operated as YouTube, LLC, a separate business entity even though it is owned by Google.