banner_ad

Can an NRI be a MD?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 November 2010 Sir,
I applied for DIN for a Singapore Citizen who has Indian Origin Card and multi entry visa and got it. He wishes to form a Private company here. Can he be a Managing director of a Private Company? Is there any provision to get permission from any other authorities like RBI?
Profile Image

Ajay Mishra

Profile Image

Ajay Mishra (Expert)
15 November 2010 Hi


For the appointment of MD in private company is governed by their own articles. The provisions of Companies Act, will not apply.



Regards
Profile Image

Ankur Garg

Profile Image

Ankur Garg (Expert)
15 November 2010 Hi,

According to me permission from RBI is not required for the appt of NRI as MD of a Pvt. Company.

Simply by passing a board resolution you may appt him as MD of ur pvt. company. Also file form 32 with 30 days of passing BR.

Wait for other suitable opinions.

Thanks
Profile Image

udit sharma

Profile Image

udit sharma (Expert)
15 November 2010 Hi.....

Undoubtedly agree with Ajay Sir and Ankur Sir.....Go ahead:-)
Profile Image

CS VENKATARAMANAN S

Profile Image

CS VENKATARAMANAN S (Querist)
16 November 2010 Thank you so much all
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details