Menu
100% ownership by a foreigner
Is there any prohibition as to incorporation of Company in India by a foreign national,for IT related business of exports? Will it be mandatory to have an Indian director(may be as additional director) in this case?
Replies (1)
There is no prohibition for the incorporation of the company with 100% ownership by a foreigner. But for operational conveniance it is suggested to have an indian director.
The only problem is the foriegn shareholders have to come to india every year for attending the AGM, as you can not have the AGM outside india.
Regards
Tagore
Recent Topic
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
Related Topics
CAclubindia
