Any public limited or Private Limited Company needs to have a board of directors constituted for the purpose of managing the day-to-day affairs of the Company. The reason for the existence of the board of directors is that there needs to be a body that is above the management and which can be accountable to the regulators and shareholders for the decisions taken by the management of the company.
Foreign Directors in Indian Company Directors in Indian company: The Companies Act 2013 states that there should be minimum 2 directors in a Private Limited Company and 3 in a public company. All the directors should be Individual Persons. All the Companies registered under the Act should have at least one Resident Directors (a person who has stayed in India for at least 182 days in the previous year.)
Foreign Directors in Indian Companies: The Companies Act 2013 doesn’t bar a foreign individual from being a director in an Indian company. However there are additional requirements to be fulfilled by the foreigner before he/she is appointed.
Every person should have a DSC in his name and a DIN allotted by the MCA before being appointed as a director. The list of documents required for DSC and DIN is an important factor to be kept in mind. Following are the documents that are required from a Foreign National –
Foreign Directors in Indian Company
Foreign Directors in Indian Company Directors in Indian company: The Companies Act 2013 states that there should be minimum 2 directors in a Private Limited Company and 3 in a public company. All the directors should be Individual Persons. All the Companies registered under the Act should have at least one Resident Directors (a person who has stayed in India for at least 182 days in the previous year.)
Foreign Directors in Indian Companies: The Companies Act 2013 doesn’t bar a foreign individual from being a director in an Indian company. However there are additional requirements to be fulfilled by the foreigner before he/she is appointed.
Every person should have a DSC in his name and a DIN allotted by the MCA before being appointed as a director. The list of documents required for DSC and DIN is an important factor to be kept in mind. Following are the documents that are required from a Foreign National –
- Copy of Passport as ID Proof
- Address proof- Bank statement, DL, Utility bill (not older than two months)
- Employment/Business Visa (For foreign nationals residing in India)
- Residence Permit (For foreign nationals residing in India)
- Passport Size Photograph
keywords
- Forming a Subsidiary in India
- incorporation of subsidiary company in india
- Establishing a Subsidiary in India
- incorporation of wholly-owned subsidiary in india companies act 2013
- foreign subsidiary under companies act 2013
- how to incorporate a subsidiary company
- foreign company registration
- setting up a subsidiary in india
- subsidiary in india
- wholly owned subsidiary in india
- wholly owned subsidiary india
- how to open a subsidiary company in india
- foreign company registration in india
- foreign company registration number india
- compliance for foreign subsidiary in india
- register a subsidiary company in india
- how to open subsidiary company
- procedure for establishing foreign company in india
- subsidiary registration in india
- formation of subsidiary company
- subsidiary company in india
- list of subsidiary companies in india
- us subsidiary of indian company
- indian subsidiary registration
- setting up a foreign company in india
- indian subsidiary
- definition of wholly owned subsidiary under companies act 2013
- starting a subsidiary company
- wholly owned subsidiary companies act
- Wholly Owned Subsidiary Company
Thank you for sharing such useful and informative blog. I really liked the post its very helpful I am still looking forward to read more information.
ReplyDeleteClick here for foreign company registration in india