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Every Indian company must have at least one local resident director who stays in India for a total of at least 102 days during the financial year, under the requirements of the Companies Act, 2013, according to the Companies Act, 2013. It's crucial to choose a reliable individual to serve as the resident Director of your India firm. Our nominee director services are guaranteed to be of the highest caliber and are among the best in India.
Every Indian company must have at least one local resident director who stays in India for a total of at least 102 days during the financial year, under the requirements of the Companies Act, 2013, according to the Companies Act, 2013. It's crucial to choose a reliable individual to serve as the resident Director of your India firm. Our nominee director services are guaranteed to be of the highest caliber and are among the best in India. Further, there are following reasons:
All of the powers and responsibilities established by the other directors of the India Company shall be available to the resident/nominee director, subject to board approval. He or she is required to follow by all guidelines for directors set forth in the Companies Act of 2013.
If a company violates this clause of the Companies Act of 2013, the company and any defaulting officers of the company will be fined a minimum of 50,000 Indian rupees and a maximum of 5 lakh rupees.
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