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Company related

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(Querist)
13 February 2009 Under Companies Act, Is it permissible to form a company(pvt. ltd) with all shareholders and directors being Non-Residents???
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Neha Singhi

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Neha Singhi (Expert)
14 February 2009 There is no direct no to NR being shareholders in a private company in COMPANIES ACT(ofcourse FEMA has its own role). But problem will arise when it comes to Board meeting and Annual General Meeting, which are to be held in a same city, town in which the registered office is situated (i.e in India)
Regards
Neha
neha@nehasinghi.com
(www.nehasinghi.com)
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