Board meetings for the period from 01/04/14 to 31/03/15

This query is : Resolved

ARTHI (Querist)
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21 November 2015 Dear Friends / Experts,

Please guide me on the following, IF POSSIBLE:

A Private Limited Company was having Two Directors and they were the Shareholders. They are Foreign Nationals.

Prior to the appointment of Resident Director on 01/06/15, the Directors were holding all the Board Meetings till 31/03/15 in their Home Country (Singapore) only.

Query

Please confirm, whether there is any non-compliance ‘in holding all the Board Meetings for the period from 01/04/14 to 31/03/15’?

Your reply, please..............

Thanks in advance for possible replies from all concerned.

Sachin

Sachin (Expert)
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22 November 2015 Its violation of companies act.
every company must have one resident director.

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Pratik Shah

Pratik Shah (Expert)
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23 November 2015 All the board meetings can be held outside India. Hence, no violation in this regard. However, as Sachin bhai pointed, the company needed to have Resident director in that period.

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