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.
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what are the requirements
1) if shares of Pvt Ltd. transferred from resident to Non Resident us Citizen pain in INR
2) Transfer from Pvt ltd. co.’s share by one foreign co. to another co.
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Dear Members
Opinion required:
What are the necessary compliance for transfer of shares of a private limited company where both transferor and transferee are holding US Citizenship. Whereas the transferee, apart being US Citizen, is also resident of India Under Income Tax Act due to the number of days he stays in India.
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Dear Members
Opinion required:
What are the necessary compliance for transfer of shares of a private limited company between a US Citizen and an Overseas Citizen of India. Whether FC-TRS required to be filed - if yes, which party shall file the same.
Two british citizens OCI applied for incorporation of a new private limited company and they are the directors of the company to be incorporated. But their DIR-3 KYC filed already shows as Indian National and accordingly when we give the DIN number and click prefill button, the nationality comes as Indian.- When Spice forms filed, passport attache which shows British citizen and accordingly in DIR-2 we have shown as British Citizen but MCA asked to resubmit rectifying the nationality. When we prepared form DIR-6 showing change in nationality, permanent and present address has to be given. In DIR-6, there is no column for OCI. Can we show the permanet and present address as indian address.
Though they are british citizen they have been staying in India for the last five years.
Can we file form DIR-6 changing the nationality from Indian to british Nationality.? is it in order.
Members handled the similar case may guide in this respect.
when i am entering the passport no of a italy citizen who is SBO, it is saying wrong no. I AM entering it from seeing the passport.
any solution?
Dear Members, I have questions pertaining to the issue of the fully convertible debenture to Foreign Citizen. 1.Is valuation required for issue of mandatory convertible debentures to Foreign Citizen? 2.In Debenture subscription agreement, can we mentioned that shares will be allotted at a price valued after a fixed say 3 years tenure. or we have to specify the price in the agreement itself?? 3.After receipt of subscription money, ADR needs to file electronically, do we need to file FIRC and KYC of Debenture holder also??
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