Dear Members,
As per Section 149(3) Every company shall have at least one director who stays in India for a total period of not less than one hundred and eighty-two days during the financial year:
Provided that in case of a newly incorporated company the requirement under this sub-section shall apply proportionately at the end of the financial year in which it is incorporated.]
and further as per Circular No 25/2014 dated 26th June, 2014 Companies incorporated after 30/09/2014 needs to have the resident director from the date of incorporation itself.
Suppose, Company was incorporated on 01.12.2019.
how to check the resident status of the first director in case of newly incorporated company?
Dear Members
Please Suggest me
Procedure for Transfer of Equity Shares and Non Convertible Debentures from Non-Resident to Non Resident and Also please tell whether we have to report to RBI or not?
resident
debentures
convertible
shares
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equity
procedure
Can a Resident Indian give Loan / Gift to his related Resident Indian in Foreign Currency? Will it be under LRS?
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