The appointment of a director who is a resident or citizen of China to a company's board of directors typically involves several steps and considerations, depending on the jurisdiction and the specific company's requirements including DIN Clearance from MHA.
As per the Companies (Appointment and Qualification of Directors) Rules, 2014, individuals who are citizens of the aforementioned neighboring countries require approval from the Ministry of Home Affairs (MHA) before they can obtain a DIN and become directors in Indian companies.
Hi Folks!
In case of appointment of Alternate Director, whether the Master Data of the Company reflects the Original Director too ?
If shareholders cannot appoint the Statutory auditors in General Meeting, then who will will appoint the auditors?
When it is required to file form ADT-2 ?
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A private company is not required to appoint an independent director,
whereas Section 135(1) states that the CSR Committee should have at least
one independent director. Do private companies need to appoint an
independent director to comply with this section?
Hi Everyone!
Do the Company required to appoint internal auditor if the outstanding loans or borrowings of the Company from banks or public financial institutions is one hundred crore rupees ?
Dear All,
Can a auditor be appointed for the tenure of less than 5 years in the Annual General Meeting of the Private Company? If yes, is there any exemption notification of MCA for private Company?
Hello Professionals!!
As per section 164(2)(a), no person who is or has been a director of a
company which has not filed financial statements or annual returns for any continuous period of three financial years shall be eligible to be re-appointed as a director of that company or appointed in other company for a period of five years from the date on which the said company fails to do so. Under the 1956 Act, such disqualification was with respect to non-filing of annual accounts or annual returns of a public company. In case, all the directors disqualify, how the company would function. Some time period needs to be given to regularize the default.
Hi Professionals!
Can a same person take two KMP Positions in the Company if he is competent enough for both the positions simultaneously?
Hello everyone,
What is the tenure of Interim Resolution Professional so appointed under Insolvency and Bankruptcy Code 2016?