100% ownership by a foreign national
This query is : Resolved
10 November 2010
Sir,
Is there any prohibition as to incorporation of Company in India by a foreign national,for IT related business of exports? Is there any requirement as to the subscribers to the memorandum needs to be Indians? Will it be mandatory to have an Indian director(may be as additional director) in this case?
Is there any prohibition as to incorporation of Company in India by a foreign national,for IT related business of exports? Is there any requirement as to the subscribers to the memorandum needs to be Indians? Will it be mandatory to have an Indian director(may be as additional director) in this case?
10 March 2011
No,
No.
No, but it shall be better to have the same so as to avoid problems in day to day functioning of Company in India.
No.
No, but it shall be better to have the same so as to avoid problems in day to day functioning of Company in India.
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