Appointment of director

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POOJA (Querist)
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05 September 2014 Dear sir,

As per Companies Act 2013, one director has to be Resident in India.If we incorporate a new company now(if both directors are foreigners),We can appoint a resident director after 6 months.So please suggest me which form to use to appoint a resident director?

Thank You

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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06 September 2014 Regarding newly incorporated companies it is clarified that companies incorporated between 1.4.2014 to 30.9.2O14 should have a resident director either at the incorporation stage itself or within six months of their incorporation. Companies incorporated after 30.9.2014 need to have the resident director from the date of incorporation itself.

MCA has issued clarifications on residency requirements through its General Circular No. 25/2014, No. 1/22/13-CL-V, dated 26th June, 2014

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