Non resident as a whole time director
This query is : Resolved
Aman Baranwal
(Querist)
28 August 2012
can a Private ltd. company appoint a Non-resident as whole time Director,
if
- he attends board meetings of the company through Video conferencing.
- delegation manual of the company provides him/ her appropriate authority.
- he frequently travels in india, for company works(still he is a Non-Resident).
if
- he attends board meetings of the company through Video conferencing.
- delegation manual of the company provides him/ her appropriate authority.
- he frequently travels in india, for company works(still he is a Non-Resident).
Ajay Mishra
(Expert)
28 August 2012
Hi
The provisions of Companies Act, 1956 relating to appointment and remunerations of MD/WTD/ or other directors of will not apply to private companies, unless it is subsidiary of public company.
The Private company directors' remunerations are governed by its articles.
The provisions of Companies Act, 1956 relating to appointment and remunerations of MD/WTD/ or other directors of will not apply to private companies, unless it is subsidiary of public company.
The Private company directors' remunerations are governed by its articles.
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