Resident Director in India
Foreign companies planning to commence their business in India are entitled to have at least one Director who has stayed in India for not less than 182 days in the previous calendar year, as per provisions of Section 149(3) of Companies Act 2013.
Engaging a resident director in India is beneficial for foreign or first-time entrepreneurs who want to ensure effective corporate compliance from the very beginning of their business journey.
OBOX Senior Manager as your “Resident Director”
Maintain & Manage Legal Compliance
Non-executive director – no managerial, financial or operational involvement in the company
Adequate cover by way of Directors and Officers Liability insurance policy is a pre- requisite.
Registered Office Address Facility and Service
Foreign companies planning to establish their businesses in India need to have a registered Indian address as per Companies Act, 2013 (Section 12), at the time of incorporation of company. It is the primary address of the company where the Government and Regulatory Authorities shall send all official letters/communications.
Holding Board Meetings in the city (Full time office is not mandatory).
People who often travel and do not need a physical office
Those who require an office identity but do not have the budget for a physical office
Start-ups who wish to test a new market and cannot yet justify the cost of setting up a permanent office.