sriram (CA Final) (203 Points)
26 June 2014Dear Friends,
I understand that in new companies act, resident directors are mandatory for the companies incorporated in India.
But my doubt is whether provision of mandatory resident directors are applicable to liason office or project office establised by a foreign company approved by RBI.??
Which section i have to refer in companies act 2013?
Pls give your view at the earliest
Charusheela Taldeokar
(Management Trainee in CS firm_ CS Final)
(396 Points)
Replied 26 June 2014
As per my opinion appointment of resident director is mandatory for the Company and not for the office.
CAclubindia
