Non Resident Directors

Discussion in 'Co bill 2008' started by Surendra, Mar 25, 2014.

  1. Surendra

    Surendra Member

    I am Working in a Company whose all the Directors are nonresident (foriegners), and whole capital has been funded from outside India. so could you tell me that is it ok with the CLB and MCA as all the directors are foriegners and they are holding 100% ownership in Indian Company but they all are residing in india since more than 10years and doing the business here. And they have the employement Visa to work here nothing else so can you tell me that is it ok as per the CLB and MCA. if not then let me know the repurcussions of the same

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