Is there any prohibition for a Student becoming a Dir in Co

This query is : Resolved

Guest

Guest (Querist)

03 August 2009 Fact :

A Foreign National i.e. Sri Lankan, who is a student studing in XXX University in Chennai. He is not a student of ICAI or ICSI.

The said student is holding STUDENT VISA for his education in India.

Query :

As the student is holding the STUDENT VISA, whether he can promote a company in India and become a director in private company. (He is not in employment and not doing any business).

If so, I may be provided the relevant details to get myself satisfied and convinced.

I look forward to receive the response from the experts.

Thanks for the response.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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04 August 2009 The Companies Act,1956 does not prohibit a student to become a subscriber to the MOA and AOA of a company. A person 'sui juris' can become a subscriber to the said documents. Like wise, the said person can be a director of a company but he can not be an Executive Director since he is engaged in studies also.

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