Appointment of Directors & Mandatory Filings
Online Link to Act/Rule/Legislation
Initial Setup or Ongoing Maintenance
Ongoing compliance requirement
Filing and Maintenance Requirements
Presently, as per the provisions of Schedule XIII to the Companies Act, it is necessary to obtain the approval of the Central Government for appointing a person who is not resident in India, i.e. a person who has not been staying in India for a continuous period of not less than 12 months immediately preceding the date of his appointment as a managerial person.
For further details please visit: http://www.mca.gov.in/MCA21/dca/help/instructionkit/NCA/Form_DIR-12_help.pdf
The company and every officer of the company who is in default shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees.
Application Guidelines / Responsible Persons / Comments
Company to inform its members of the candidature of a person for the office of director or intention of a member to propose such person as a candidature at least 7 days before general meeting by (a) individual notices through electronic mode to members who have provided email address and in writing to others; and (b) placing notice of candidature on the website of the company.
For more detailed information please visit: http://www.mca.gov.in/MinistryV2/chapter4.html