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which indian legislations are applicable to directors?


Hello Friends,

One of our client is from Germany, wants to set up a company in India. The nationality of both directors will be Germany. My question is that which Indian legislations, rules, regulations will be applicable to them apart from Companies Act, 1956.

Awaiting your views.

Sumit P.

 
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Advocate & Consultant

 


Forign Exchange Management Act and Rules and Regulation of Reseve Bank of India has been applied to Forign Directors in respect of their investments into India.

 
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Advocate

Sumit:


Both directors cannot be of foriegn nationality one Indian Director is necessary if your clients want to incorporate a company in India

 
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Lawyer

Yes one director has to be Indian

 
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yes

 
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