Director

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 August 2013 In a private company PQR Pvt. Ltd., there is a director 'A', who is shareholder of the company also. Now 'A' is falling under category of non resident.

1. Will it effect directorship of 'A' in Board of Directors of the Company?

Ajay Mishra

Ajay Mishra (Expert)
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12 August 2013 Hi

If such director is NRI, then i think you have complied with the provisions of FDI guidelines as issued by RBI.

Generally the Board of Director does not affect by NRI if the company have proper directors in India who constitute the quorum.

Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2013 thanks sir

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