Status of director appointed by foreign holding company

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Rupali Prakash Sawant (Querist)
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31 July 2013 What is the status of Director(Indian Person) appointed by Japanese holding company on its Indian Subsidiary, where half of the salary bear by Indian and half by Holding Company? Whether the Payment of Gratuity Act is applicable to him?

Ajay Mishra

Ajay Mishra (Expert)
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31 July 2013 He will be an India Director of such company.

Rupali Prakash Sawant

Rupali Prakash Sawant (Querist)
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31 July 2013 Whether the payment of Gratuity Act is applicable to him? And Directors needs to be an employee strictly if he is getting salary?

Ajay Mishra

Ajay Mishra (Expert)
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31 July 2013 It depend on the terms of appointment that he is employee or professional. Check his terms of appointment.

Rupali Prakash Sawant

Rupali Prakash Sawant (Querist)
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31 July 2013 Actually he is been appointed by Japanese co so I confuse whether he is under employment of Japan and just on Board of Indian co. to complete assign task. Because his employment status will decide about applicability of Gratuity.

Anyway thanks alot sir for your valuable reply... :)

Rupali Prakash Sawant

Rupali Prakash Sawant (Querist)
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Ajay Mishra

Ajay Mishra (Expert)
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31 July 2013 He is appointed in Indian Company and he is resides in India and is an India director then he will be treated as Indian director nominated by Japanese company.

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