Board meetings for the period from 01/04/14 to 31/03/15
This query is : Resolved
21 November 2015
Dear Friends / Experts,
Please guide me on the following, IF POSSIBLE:
A Private Limited Company was having Two Directors and they were the Shareholders. They are Foreign Nationals.
Prior to the appointment of Resident Director on 01/06/15, the Directors were holding all the Board Meetings till 31/03/15 in their Home Country (Singapore) only.
Query
Please confirm, whether there is any non-compliance ‘in holding all the Board Meetings for the period from 01/04/14 to 31/03/15’?
Your reply, please..............
Thanks in advance for possible replies from all concerned.
Please guide me on the following, IF POSSIBLE:
A Private Limited Company was having Two Directors and they were the Shareholders. They are Foreign Nationals.
Prior to the appointment of Resident Director on 01/06/15, the Directors were holding all the Board Meetings till 31/03/15 in their Home Country (Singapore) only.
Query
Please confirm, whether there is any non-compliance ‘in holding all the Board Meetings for the period from 01/04/14 to 31/03/15’?
Your reply, please..............
Thanks in advance for possible replies from all concerned.
22 November 2015
Its violation of companies act.
every company must have one resident director.
every company must have one resident director.
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23 November 2015
All the board meetings can be held outside India. Hence, no violation in this regard. However, as Sachin bhai pointed, the company needed to have Resident director in that period.
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