The Companies Act, 2013 of India mandates that every company in India must have at least one director who has stayed in India for at least 182 days during the financial year. This requirement applies to all companies, regardless of their size or industry.
The purpose of this requirement is to ensure that there is always a local presence in India who can oversee the company’s operations and ensure compliance with Indian law. This is especially important for foreign companies, as they may not have the same level of knowledge of Indian law as a local director.
There are two ways to meet this requirement:
- Appoint a resident director who is a citizen of India and who has been residing in India for at least 182 days in the previous year.
- Appoint a nominee resident director, who is a local Indian resident who will act on behalf of the foreign company.
Nominee resident directors are typically experienced professionals who have a deep understanding of Indian law and business practices. They can provide valuable advice and assistance to foreign companies, helping them to navigate the complex Indian regulatory environment.
If you are a foreign company that is considering doing business in India, it is important to understand the resident director requirement. By appointing a nominee resident director, you can ensure that your company follows Indian law and that you have a local presence who can help you to succeed in the Indian market.
For more information, please contact us at 9444012534
Here are some of the benefits of working with PhygiTech:
- Experienced and knowledgeable team: PhygiTech‘s team of nominee resident directors are experienced professionals with a deep understanding of Indian law and business practices. They can provide valuable advice and assistance to foreign companies, helping them to navigate the complex Indian regulatory environment.
- High level of integrity and confidentiality: PhygiTech is committed to maintaining the highest levels of integrity and confidentiality. Your information will be safe and secure with us.
- Compliance with regulatory obligations: PhygiTech is committed to maintaining compliance with all applicable regulatory obligations. We will help you to ensure that your company is in compliance with Indian law.
- Professional services in a safe and protected environment: PhygiTech‘s nominee resident director services are provided in a safe and protected environment. Your information will be kept confidential and secure.
If you are a foreign company that is considering doing business in India, I encourage you to contact PhygiTech to learn more about their nominee resident director services.
Here are some of the specific services that PhygiTech offers:
- Appointment of nominee resident directors
- Compliance with resident director requirements
- Advice and assistance on Indian law and business practices
- Help with navigating the complex Indian regulatory environment
- Safe and secure storage of your information
GET IN TOUCH
Request a Call Back
Please fill in the form. Our team will get back to you soon.
WORD FROM FOUNDER