Is it mandatory to have an Indian Resident Director? Can we appoint a Nominee Director?
Yes, it is mandatory to have an Indian Resident Director. As per the Companies Act of 2013, it is mandatory to have at least one Indian Resident Director who has stayed in India for at least 182 days in the past year. If your team is yet to establish itself in India, arrange for a Nominee Resident Director who can be appointed in the company and can fulfil the above requirement. This is a normal and legitimate practice.
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