Resident director
This query is : Resolved
05 June 2015
Dear Friends / Experts,
Please guide me on the following, IF POSSIBLE:
A Private Limited Company having two Foreign Directors. Both are shareholders too. Their stay in India is less than the stipulated period.
Query
Is there any penalty for the company, if it's not appointing a Resident Director?
Your reply, please..............
Thanks in advance for possible replies from all concerned.
Please guide me on the following, IF POSSIBLE:
A Private Limited Company having two Foreign Directors. Both are shareholders too. Their stay in India is less than the stipulated period.
Query
Is there any penalty for the company, if it's not appointing a Resident Director?
Your reply, please..............
Thanks in advance for possible replies from all concerned.
Swati Sethi
(Expert)
06 June 2015
In every company there should be one minimum resident director.
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