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Resident-independent director

Co Act 2013 515 views 1 replies
Hello
 
Kindly share your views: 
 
As per section 149(3) Every Company shall have one resident Director who stay in India for 182 days. 
 
In one of our foreign holding Company all Directors are Non-Resident, and they want to appoint an Indian as Independent Director who will stay in India for 182 days or more. Will this arrangement will be a compliance for section 149(3). 
 
Thanks 
Replies (1)
Yes....there does not appear any problem in it......CA 2013 never mentioned that such a person cannot be an independent director....so in my view you can go with it....


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