Can an NRI be a MD?
This query is : Resolved
15 November 2010
Sir,
I applied for DIN for a Singapore Citizen who has Indian Origin Card and multi entry visa and got it. He wishes to form a Private company here. Can he be a Managing director of a Private Company? Is there any provision to get permission from any other authorities like RBI?
I applied for DIN for a Singapore Citizen who has Indian Origin Card and multi entry visa and got it. He wishes to form a Private company here. Can he be a Managing director of a Private Company? Is there any provision to get permission from any other authorities like RBI?
15 November 2010
Hi
For the appointment of MD in private company is governed by their own articles. The provisions of Companies Act, will not apply.
Regards
For the appointment of MD in private company is governed by their own articles. The provisions of Companies Act, will not apply.
Regards
15 November 2010
Hi,
According to me permission from RBI is not required for the appt of NRI as MD of a Pvt. Company.
Simply by passing a board resolution you may appt him as MD of ur pvt. company. Also file form 32 with 30 days of passing BR.
Wait for other suitable opinions.
Thanks
According to me permission from RBI is not required for the appt of NRI as MD of a Pvt. Company.
Simply by passing a board resolution you may appt him as MD of ur pvt. company. Also file form 32 with 30 days of passing BR.
Wait for other suitable opinions.
Thanks
15 November 2010
Hi.....
Undoubtedly agree with Ajay Sir and Ankur Sir.....Go ahead:-)
Undoubtedly agree with Ajay Sir and Ankur Sir.....Go ahead:-)
16 November 2010
Thank you so much all
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
Trending Online Classes
CAclubindia
