Hi
Wanted to confirm is there any special reference in the Companies Act or any act like Provident Fund etc which specifically mentions that having Local Directors (residents of India) in company is obligatory.
Neha (service) (73 Points)
01 August 2010Hi
Wanted to confirm is there any special reference in the Companies Act or any act like Provident Fund etc which specifically mentions that having Local Directors (residents of India) in company is obligatory.
Neha Gupta
(PCS)
(377 Points)
Replied 01 August 2010
Hi...
Dear can u explain ur Quary........
Regards
PCS Neha Gupta
Neha
(service)
(73 Points)
Replied 01 August 2010
Hi
More Clearly can be quoted:
Is there any legal requirement or boundation on any pvt ltd company under any law which clearly states that one require to have resident directors for the Company, in case all the directors are non -resident, can it be challenged?
Thanks
vivek
(CS)
(751 Points)
Replied 02 August 2010
No, there is no legal obligation as on date in India of having atleast one Resident Director. You can have all the non resident Directors on Board in India. This kind of provision is available in Australian Law.
Regards,
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