One of our company's director was outside India for business purpose(expansion of business) for more than 182 days..
does he became non resident director as per Companies Act .???
please guide us....
Thank you in advance...
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Residential status of director
Replies (5)
Section 149(3) of the Companies Act 2013 is as follows:
“Every company shall have at least one director who has stayed in India for a total period of not less than one hundred and eighty-two days in the previous calendar year.”
So, at least one director is required to be there as resident.
“Every company shall have at least one director who has stayed in India for a total period of not less than one hundred and eighty-two days in the previous calendar year.”
So, at least one director is required to be there as resident.
Thank you for your valuable inputs.
But our confusing is regarding residential status in DIR-3 KYC form.
there also they have mentioned residential status of director...
what will be situation there??
But our confusing is regarding residential status in DIR-3 KYC form.
there also they have mentioned residential status of director...
what will be situation there??
You may contact with MCA help desk for the same.
if he has stayed moe than 180 days outside india in the last year then he is a non resident in the current year.....i think the rule of minimum one director to stay india is for the purpose of asessment of residential stauts of the company since if all the directors are outside india then the place of effective management will be outside india and the residential staus of the company will be considred as non resident......
hi rahul joshi sir,
as we come to company which is incorporated in india it will be resident of india at any time and any cause.
only POEM is for foreign company
and for indian company no need the matter of residential status of director.
but atleast one director must be resident of india
for auditing purpose but it's no need of residential status of directors
as we come to company which is incorporated in india it will be resident of india at any time and any cause.
only POEM is for foreign company
and for indian company no need the matter of residential status of director.
but atleast one director must be resident of india
for auditing purpose but it's no need of residential status of directors
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