WHAT IS THE PROCEDURE TO APPOINT AS A DIRECTOR,OF FOREIGN CITIZEN IN A INDIAN COMPANY IS THERE ANY REQUIREMENT TO GET THE CENTRAL GOVT APPROWAL
5 Replies
CA Rachit K Patel
(Chartered Accountant)
(1503 Points)
Replied 12 September 2008
Please refer to Companies Act.
kishor kumar g.c
(C A Final Student)
(142 Points)
Replied 12 September 2008
MY DEAR IN COMPANIES ACT THERE IS NO DIFFRENCIATE
CA Chirag
(vvvvvvv)
(34 Points)
Replied 15 September 2008
In case of Inadequate profits or no profits with negative effective capital ,can a public limited company still pay director's remuneration to the minimum of Rs.75,000/-
Thanks in Advance,
Chirag
Lineesh James
(Company Secretary)
(30 Points)
Replied 16 September 2008
If he is to be appointed as MD or Whole time Director then he should be a resident with in the meaning of Schedule XIII. Otherwise Central Governmnet permission is required. No restrictions in case of ordinary Directors.
If he is to be appointed as MD, i)ask him to come and take up employment in India so that he becomes a resident as per Schedule XIII other wise get CG permission . ii)MD agreement not to exceed 3 years to enable full repatriability of salary as per FEMA
Pawan
(CA)
(26 Points)
Replied 22 July 2009
| Originally posted by :Lineesh James | ||
| " | i want to know one thing ican a Ca who is having cop and want to become director of pvt company and draw director remmuneration. | " |
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