Power and Duties of Nominee/Resident Director:

Resident/ Nominee Director shall have all the power and duties which are define for other Director of the company but subject to the approval of Board. He shall abide by all the provision for directors defines under Companies Act, 2013.
Penal Provisions
If a company contravenes this provision of companies act, 2013 then the company and every officer of company who is in default shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees.

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    Documents Required for Resident Director in India

    It is important to note here that all companies – public or privately held – are required to appoint at least one Director to their Board who has stayed in India for not less than 182 days in the previous calendar year i.e. he should be a resident of India, at the time of company incorporation

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    • Director Identification Number
    • Photograph
    • Proof of identity
    • Proof of residence

    How LEGASERV CONSULTANT Can Help?

    • We will appoint one of our team members as the Resident Director for your company.
    • Nominee director appointee will neither be a corporate bank account signatory nor play a active role in our your business.
    • Nominee director merely the resident director of the company in order to fulfill the local statutory requirement (law of land requirement).
    • You will be solely responsible for daily business activities.
    • You will sign a legal contract outlining the terms and conditions and limitations of the resident director’s appointment.
    • You can ask our nominee director to resign at any point of time.
    • Nominee director will sign all the key corporate documents which are obligatory to be signed by the director to comply with the law of land.

    For example: Annual return, Financial Statements and other key docs as may be required by law.

    • You must have a vigorous system to comply with the law of land. You may ask for our annual compliance and maintenance of statutory records & registers services.
    • Our fees for resident director services will depend upon the level of risk in the business the same shall be provided upon request.
    • Our client may also avail the service of shareholder as well as Annual Compliance Services.

    Fee Details

    BASIC PLAN
    Rs 5,00,000 (Only for 1 Year)

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