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V.S. Datey on Companies Act, 2013
  • Signing of Financial Statements

    by Kamal on Tuesday, June 25, 2019 at 08:16 AM

    Sir Ours company has all the foreign directors and they are at present residing outside India. How: 1. the board meeting should be conducted to approve the F.S. Do they need to visit India specially for this purpose 2. the signatures can be made on such F.S. Do we need to appoint additional director in India or do they need to authorise some representatives here in India

    Replied byV.S. Datey Tuesday, June 25, 2019 at 11:55 AM

    1. at least One director must be staying in India for 182 days in previous financial year - Every Company shall have at least one director who has stayed in India for a total period of not less than 182 days in the previous financial year - section 149(3) of Companies Act, 2013 w.e.f. 7-5-2018. 2. appoint some directors in casual vacancey or additional direcotrs - get accounts signed - find some practical way V S Datey

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