When all directors are non-residents
This query is : Resolved
22 March 2012
Dear All,
Can you please tell me if there are any provisions under any corporate law which mandates that atleast one director of an Indian Company must be a resident in India? Is it possible to have a company with all directors being non-residents?
Can you please tell me if there are any provisions under any corporate law which mandates that atleast one director of an Indian Company must be a resident in India? Is it possible to have a company with all directors being non-residents?
Ajay Mishra
(Expert)
22 March 2012
Hi
DCA Circular dated 16-2-1995 clarifies that there can not be any restriction for incorporation of a company whether all the subscriber to the MOA/AOA/ proposed directors are residing abroad, being either foreign nationals, or NRI subject to the approval of RBI, where necessary.
Regards
DCA Circular dated 16-2-1995 clarifies that there can not be any restriction for incorporation of a company whether all the subscriber to the MOA/AOA/ proposed directors are residing abroad, being either foreign nationals, or NRI subject to the approval of RBI, where necessary.
Regards
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