Status of director appointed by foreign holding company
This query is : Resolved
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?
31 July 2013
He will be an India Director of such company.
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?
31 July 2013
It depend on the terms of appointment that he is employee or professional. Check his terms of appointment.
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... :)
Anyway thanks alot sir for your valuable reply... :)
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... :)
Anyway thanks alot sir for your valuable reply... :)
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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