company formation
This query is : Resolved
11 March 2008
) Whether a Non Indian Citizen (Eg. UAE National) can become a shareholder or director of an Indian company (Pvt and public), having object of Echo Tourism ?
2) What are the limitations for Non Indian Citizen (Eg. UAE National) to part of an Indian Company.
3) Whether they can form the company with all NRI Directors.
4) Whether there is any requirement for Resident shareholder/director.
5) Whether NRI can also act as MD of the company
6) Whether any legal limitations for the above activities
2) What are the limitations for Non Indian Citizen (Eg. UAE National) to part of an Indian Company.
3) Whether they can form the company with all NRI Directors.
4) Whether there is any requirement for Resident shareholder/director.
5) Whether NRI can also act as MD of the company
6) Whether any legal limitations for the above activities
11 March 2008
1. Yes UAE national can become share holder or director of indian company subject to FEMA Regulations
2. There is no limitation for Non Indian Citizen
3. Yes company can be formed with all NRI Directors
4. Not Necessary. Except for holding of AGM, where the AGM has to be held only in the place where the Registered Office of the Company is Situated.
5. Yes. NRI can act as MD of the Company
6. Limitation under FEMA
2. There is no limitation for Non Indian Citizen
3. Yes company can be formed with all NRI Directors
4. Not Necessary. Except for holding of AGM, where the AGM has to be held only in the place where the Registered Office of the Company is Situated.
5. Yes. NRI can act as MD of the Company
6. Limitation under FEMA
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Rental income gst and it purpose
- Management System (IMS)
- Condonation . E-Verification of last year return .
- Eway bill generation from place other than registeted
- FTS Taxable under 115A
- EPF FULL & FINAL RULES IN 2026
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
