New Registration by Foreign Company

[Varun Arora]

Dear Experts,

Please resolve my query !!

A foreign co. wants to set up a new factory and all directors are foreigners and i want to know that whether they can set up a premises or there will be requirement of Indian director or some surety or something else.

Thanks in advance.

AI Summary

Foreign company can register without Indian director under Rule 9, Central Excise Rules, 2002; consult for other laws. A foreign company inquired about setting up a factory in India with all foreign directors, questioning whether an Indian director or surety is required. Experts in the forum clarified that under Rule 9 of the Central Excise Rules, 2002, there is no requirement for an Indian director for registration under the Central Excise Act, 1944. However, considerations under other laws such as the Companies Act, Income Tax Act, VAT, and Factory Act may be relevant. It was suggested to consult a company law expert for comprehensive guidance.