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Resident director sec 149 (3)

CA Paras Ahuja (Associate Chartered Accountant) (54 Points)

09 June 2017

what is considered to be the "Previous Calendar Year" for the financial year 17-18 ?

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9 Replies

Sudhir Todkar (CS Professional) (1021 Points)
Replied 09 June 2017

1st January 2016 to 31st December 2016 will be the previous calander year.

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CS Nisha Nishit (Practicing Company Secretary) (326 Points)
Replied 09 June 2017

Calendar Year 2017 i.e. 1st Jan , 2017 to 31st Dec, 2017

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CA Paras Ahuja (Associate Chartered Accountant) (54 Points)
Replied 10 June 2017

thanks mam
one more think i want to ask that
what "Pervious" means her ??

CA Paras Ahuja (Associate Chartered Accountant) (54 Points)
Replied 10 June 2017

thnks sudhir
but if I ask the same for f.y. 14-15 and 15-16
then what will be ur ans??

Ravi Kiran Vustela (Knowledge Seeker) (1353 Points)
Replied 10 June 2017

Every company shall have at least one director who has stayed in India for a total period of
Not less than 182 days in the previous calendar year such director is named as Resident director....
for f.y 14-15 look calendar year of Jan 1 to Dec 31 of 2013

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CA Paras Ahuja (Associate Chartered Accountant) (54 Points)
Replied 10 June 2017

thnks ravi for rplying
but in the notification of MCA it us cleared that for 14-15 we will take calendar year 1.4.14 to 31.12.14 and only 136 days provision is there for that year only

Sudhir Todkar (CS Professional) (1021 Points)
Replied 10 June 2017

Paras Ahuja is correct act came from 1 April 2014 so on proportainate basis 136 days should be considered the company which incorporated between 1-4-2014 to 30-9-2014. The company incorporated after 30 September 2014 shall have resident director from the date of incorporation itself.