company formation

This query is : Resolved

SHEEJITH (Querist)
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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

Gopalakrishnan

Gopalakrishnan (Expert)
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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

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