When all directors are non-residents

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Kavitha (Querist)
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22 March 2012 Dear All,

Can you please tell me if there are any provisions under any corporate law which mandates that atleast one director of an Indian Company must be a resident in India? Is it possible to have a company with all directors being non-residents?

Ajay Mishra

Ajay Mishra (Expert)
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22 March 2012 Hi

DCA Circular dated 16-2-1995 clarifies that there can not be any restriction for incorporation of a company whether all the subscriber to the MOA/AOA/ proposed directors are residing abroad, being either foreign nationals, or NRI subject to the approval of RBI, where necessary.

Regards