One of our company's director was outside India for business purpose(expansion of business) for more than 182 days..
does he became non resident director as per Companies Act .???
please guide us....
Thank you in advance...
Section 149(3) of the Companies Act 2013 is as follows:
“Every company shall have at least one director who has stayed in India for a total period of not less than one hundred and eighty-two days in the previous calendar year.”
So, at least one director is required to be there as resident.
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