Can an NRI be a MD?
This query is : Resolved
CS VENKATARAMANAN S
(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?
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?
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
For the appointment of MD in private company is governed by their own articles. The provisions of Companies Act, will not apply.
Regards
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
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
udit sharma
(Expert)
15 November 2010
Hi.....
Undoubtedly agree with Ajay Sir and Ankur Sir.....Go ahead:-)
Undoubtedly agree with Ajay Sir and Ankur Sir.....Go ahead:-)
CS VENKATARAMANAN S
(Querist)
16 November 2010
Thank you so much all
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