Is this compulsory to have one resident promoter in private limited company. At the time of formation of the company one of the promoter was resident but now status of both the promoter is non resident though we have three resident directors also. Are we good with the company law provisions ?
3 Replies
Sanjay
(hhgh)
(0 Points)
Replied 22 March 2023
According to the Companies Act, 2013, at least one director of a private limited company must be a resident of India.
rahul rana
(CA)
(110 Points)
Replied 22 March 2023
That i know but is it necessary to have one resident promoter of a private company. on our case we have three resident directors but none of them have any shareholding
Chirag
(Professional)
(1979 Points)
Replied 24 March 2023
It should be the director ,act nowhere says the promoter should be resident .
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