TWO INDIANS WERE RESIDING IN USA FOR THE PAST 10 YEARS AND HAVE OBTAINED CITIZENSHIP STATUS(DUAL CITIZENSHIP); THEY HAVE RETURNED TO INDIA 1 YEAR AGO AND HAVE BECOME RESIDENTS. CAN THEY SUBSCRIBE FOR MEMORANDUM & ARTICLES OF ASSOCIATION & ALSO BECOME DIRECTORS OF A PRIVATE LIMITED COMPANY? IF YES, ARE THERE ANY PERMISSIONS TO BE ACQUIRED OR PROVISIONS TO BE COMPLIED WITH AS PER SEBI, RBI, FEMA ETC.? PLEASE CLARIFY.
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Dual Citizens subscribing for MOA and AOA of A Pvt Ltd Company
Replies (1)
Deviya,There is no need to take any permission to subscribe as well as to be a director in the company.Take the visa copy if they are signing here in India otherwise if the incorporation documnts are signed at US then you have to get the incorporation documents duly notorized and counsalrized.
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