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.
china
citizen
resident
director
appointment
Hello Everyone
If the company was incorporated in March 2023 in Canada by an Individual resident of India, due to non-approval of ODI, no remittance is yet made.
Please advise whether that resident individual needs to file his FLA due in July.
Hello All
Want to know that if all the Resident shareholders transfer holdings to one foreign entity and in attachment of form FCTRS in pre-post shareholding if we shows two nominee shareholder of foreign body corporate also show the nominee shareholder in share purchase agreement and we have filed form FCTRS,
Hi Everyone!
What is the method of payment and remittance/ credit of sale proceeds in case of transfer of shares between resident and non-resident?
Hi Everyone!
If a person resides in India for more than 182 days in the previous Financial Year for tourist purpose, whether he will be considered as PRI (Person resident in India) under Foreign Exchange Management Act, 1999?
Hi Friends!
What are the instructions for the transfer of shares between a resident buyer and a non-resident seller or vice-versa of shares against deferred payment?
Hello all,
Whether donation given by Non-Resident Indians (NRIs) is treated
as ‘foreign contribution’?
Hi Everyone!
Resident individuals (but not permanently resident in India) can remit up to net salary after deduction of taxes. However, if he has exhausted the limit of USD 2,50,000 as net salary remittance and desires to remit any other income under LRS is it permissible as the limit will be over and above USD 2,50,000?
residents
regarding
scheme
remittance
liberalised
Dear Concerns,
Can persons resident in India subscribe to bonds (foreign currency/INR) issued by eligible ECB borrowers in overseas centers or IFSCs as permitted in the ECB framework?
What are the compliance for issue of dividend to non resident ? Please confirm
Click here to view / answer Share it onresident
dividend
issue
compliance
Required First Board resolutions Agendas specifically including the authorisation to the Indian Resident Director for executing various responsibilites on behalf of the Board in WOS in India.
Please do share.
resident
director
indian
authorisation
resolution
required
Issue of shares under Employees Stock Options Scheme and/or sweat equity shares to person resident outside India
