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.
Subsidiaries Are Separate. A subsidiary is a separate company, legally distinct from the parent company but nevertheless controlled by it. Instead of setting up your sit-down restaurant as a DBA, you could create an entirely new company called Elizabeth's Elegant Eats, of which Betty's Burgers is the sole owner.owever, a subsidiary offers multiple advantages. You can share ownership of a subsidiary with other companies or individuals, something that's not possible with a DBA, and it is easier to sell or to spin off into a totally independent company. A subsidiary also provides legal protection for the parent company.