Hi Rahul,

Answer to your question is no.

Please note that as per Sec. 149(3) of the Companies Act, 2013 every company shall have at least one director who has stayed in India for a total period of not less than 182 days in the previous calendar year.

Regards,

Arjun Rajagopal

No..There is no such requirement. All the shareholders can be non-resident. However, Section 149(3) ask every company to have atleast Director who is resident in India.

In case of shareholders there is no such requirement, however, in case the subscribers to the memorandum are forein nationals they have to comply with Rule 13(5) of Companies (Incorporation) Rules, 2014