NaturalShrimp Inc (SHMP)

[Calfire]

If this is true...

NaturalShrimp Corporation is a subsidiary of NaturalShrimp, Inc.

...why wouldn't SHMP be able to conduct business in Texas through its subsidiary company NaturalShrimp Corporation, which is registered with the Texas SOS?

A subsidiary company is a company owned and controlled by another company. The owning company is called a parent company or sometimes a holding company.

A subsidiary's parent company may be the sole owner or one of several owners. If a parent company or holding company owns 100% of another company, that company is called a "wholly owned subsidiary."

There is a difference between a parent company and a holding company in terms of operations. A holding company has no operations of its own; it owns a controlling share of stock and holds assets of other companies (the subsidiary companies).

A parent company is simply a company that runs a business and that owns another business — the subsidiary. The parent company has operations of its own, and the subsidiary may carry on a related business. For example, the subsidiary might own and manage property assets of the parent company, to keep the liability from those assets separate.