Appointment of directors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 October 2014
I have to incorporate a company but both directors are NRI so whether it is ok or I need to have one resident director please answer
CS Mitesh Mehta
(Expert)
08 October 2014
Regarding newly incorporated companies it is clarified that companies incorporated between 1.4.2014 to 3O.9.2O14 should have a resident director either at the incorporation stage itself or within six months of their incorporation. Companies incorporated aJter 30.9.2014 need to have the resident director from the date of incorporation itself.-MCA General Circular No. 25/2014.
Section 149(3) of the Companies Act, 2013 requires every company to 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.
Section 149(3) of the Companies Act, 2013 requires every company to 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.
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