Is this compulsory to have one resident promoter in private limited company. At the time of formation of the company one of the promoter was resident but now status of both the promoter is non resident though we have three resident directors also. Are we good with the company law provisions ?
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Non resident promoters of private limited company
Replies (3)
According to the Companies Act, 2013, at least one director of a private limited company must be a resident of India.
That i know but is it necessary to have one resident promoter of a private company. on our case we have three resident directors but none of them have any shareholding
It should be the director ,act nowhere says the promoter should be resident .
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