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
Gopalakrishnan
(Expert)
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
- Gst credit note by supplier
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Missed uploading GST Invoice
- Equity Share Sale and Purchase
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
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
