Resident Director

	Private Limited Company	Public Limited Company
Minimum directors	2	3
Maximum direcotrs	15	15
Minimum resident Indian director	1	1

DUTIES OF RESIDENT DIRECTOR

Resident Director will be fully responsible as Normal Director of the Company,
Resident Director will be appointment to fulfill the statutory requirements.
Resident Director will participate Board Meetings of the Company, wherever required
Circular or other Resolutions will be approved or disapproved as par Individual Understanding.
Resident Director will be forming our team only.
They Shall act in good faith in order to promote the objects of the company for the benefit of its members
as a whole, and in the best interests of the company, and all its stakeholders.
Director of a company shall not achieve or attempt to achieve any undue gain or advantage either to himself
or to his relatives, partners, or associates and if such director is found guilty of making any undue gain,
he shall be liable to pay an amount equal to that gain to the company.
Director of a company shall not assign his office and any assignment so made shall be void.

RESIDENT DIRECTOR

Resident director are those director who stays in India for a total period of not less than
one hundred and eighty-two days during the financial year

NEED OF RESIDENT DIRECTOR

The residency requirement will ensure the following purpose as under :
That the Board shall continue to monitor directly the management of the company on a regular basis and shall
be responsible for acts and deeds of the company.
The continued presence of at least one director will not delay statutory action steps in company
Timely fulfill the corporate compliance requirements.

RIGHTS OF RESIDENT DIRECTOR

Right to receive remuneration which is determined, in
accordance with the provisions of Companies Act, 2013 either by the Article
of Association of the company or by passing special resolution
in general meeting of company
Section 134(1) of Companies Act, 2013 authorized to sign the financials of Company.
To inspect documents and financial records.
Pursuant to section 101(3) (c) of companies Act, Director have Right to
receive notices of general meeting and board meetings of the Company.
Right to participate in proceedings and cast vote in favour or against resolutions
Right to inspect minutes of board meetings.

RESTRICTION ON THE POWER OF DIRECTOR

To exercise their powers in accordance with the Act and
within the limits and subjects to the conditions and restrictions imposed
by the rules and regulation given
under Article of Association of Company.
Take all decision in regards of company operation in consultation with board of
directors in company.