Directorship in Singapore Company
This query is : Resolved
14 December 2009
Dear all,
I have a query from one of my relatives:
Background:
Mr. X is doing business in India as proprietor and also in the name of his HUF. Now he wants to establish a company in singapore. He is not a director in a single company in India.
Suppose he establishes a company in Singapore with 99% shareholding. He will also get salary as a Director from Singapore Company.
Queries:
1)Whether Mr. X requires to apply for DIN in India?
2)What are the other provisions applicable in India with regard to Companies Act, Income Tax Act, FEMA, etc.?
3) Any other important aspects which needs to be borne in mind?
Please reply ASAP.
Thanks.
I have a query from one of my relatives:
Background:
Mr. X is doing business in India as proprietor and also in the name of his HUF. Now he wants to establish a company in singapore. He is not a director in a single company in India.
Suppose he establishes a company in Singapore with 99% shareholding. He will also get salary as a Director from Singapore Company.
Queries:
1)Whether Mr. X requires to apply for DIN in India?
2)What are the other provisions applicable in India with regard to Companies Act, Income Tax Act, FEMA, etc.?
3) Any other important aspects which needs to be borne in mind?
Please reply ASAP.
Thanks.
24 December 2009
DIN is required only if Company is an Indian Company for Foreign one has to comply with Foreign Laws.
And other provision will depend on his status whether Resident, non resident....
And other provision will depend on his status whether Resident, non resident....
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
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- TDS related Query_Liquidated Damages
- Soyabean hsn code and gst rate
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Long Term Service award taxability in hands of company
- Last year TDS Claim
- LTCG for Assmt year 26-27
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
