Directorship in Singapore Company
This query is : Resolved
14 December 2009
Dear all,
I have a query from one of my relatives:
Background:
Mr. X is doing business in India as proprietor and also in the name of his HUF. Now he wants to establish a company in singapore. He is not a director in a single company in India.
Suppose he establishes a company in Singapore with 99% shareholding. He will also get salary as a Director from Singapore Company.
Queries:
1)Whether Mr. X requires to apply for DIN in India?
2)What are the other provisions applicable in India with regard to Companies Act, Income Tax Act, FEMA, etc.?
3) Any other important aspects which needs to be borne in mind?
Please reply ASAP.
Thanks.
I have a query from one of my relatives:
Background:
Mr. X is doing business in India as proprietor and also in the name of his HUF. Now he wants to establish a company in singapore. He is not a director in a single company in India.
Suppose he establishes a company in Singapore with 99% shareholding. He will also get salary as a Director from Singapore Company.
Queries:
1)Whether Mr. X requires to apply for DIN in India?
2)What are the other provisions applicable in India with regard to Companies Act, Income Tax Act, FEMA, etc.?
3) Any other important aspects which needs to be borne in mind?
Please reply ASAP.
Thanks.
24 December 2009
DIN is required only if Company is an Indian Company for Foreign one has to comply with Foreign Laws.
And other provision will depend on his status whether Resident, non resident....
And other provision will depend on his status whether Resident, non resident....
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