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Directors

K.Govindarajan (Manager - Finance ) (180 Points)

21 March 2017

What are the practical difficulties a Private Limited company will face if both the directors are foreigners . One of them is resident in India . to comply with the Sec 149 (3) of Companies Act 2013 . Please advice

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2 Replies

Jatin Bajaj (CS) (2928 Points)
Replied 21 March 2017

as per section 149(3), it is mandatory for the company to appoint the resident director who has stayed in india for not less than the period of 182 days in the previous calender year.

Smruti (CS&CA) (79 Points)
Replied 21 March 2017

As per my understanding Sec 149(3) states that every Company shall have atleast one director who has stayed in india for not less than 182 in Previous year. So as per K.Govindarajan's query one of the director is a resident in india, hence there will not be any violation of sec 149(3) since one of the Directors is a resident director.