Referring to the provisions of the Companies Act, 2013, examine the validity of the following appointments on the Board made by Star Ltd., incorporated on 3rd January 2015: Dilip, an Indian national normally stays in U.S
CS Professional · Advanced Company Law and Practice · PYQS · December 2015
Referring to the provisions of the Companies Act, 2013, examine the validity of the following appointments on the Board made by Star Ltd., incorporated on 3rd January 2015: Dilip, an Indian national normally stays in U.S. During the calendar year 2014, he stayed in India for 120 days, appointed as a resident director.
Answer & Explanation:
Since Section 149(3) requires the person who has stayed in India for a total period of not less than 182 days in the previous calendar year can be a Resident Director. Accordingly, Dilip who has stayed for 120 days in India during calendar year 2014 cannot be appointed as Resident Director.
Topics: Directors
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