New Registration by Foreign Company

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....ew Registration by Foreign Company<br> Query (Issue) Started By: - CA. Varun Arora Dated:- 9-7-2016 Last Reply Date:- 11-7-2016 Central Excise<br>Got 5 Replies<br>Central Excise<br>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 d....

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....irector or some surety or something else. Thanks in advance. Reply By KASTURI SETHI: The Reply: Sh.Varun Arora Ji, In my view there is no such restriction or conditions mentioned by you. Reply By Ganeshan Kalyani: The Reply: Sir, I agree with the views of Sri Kasturi Sir. Thanks. Reply By KASTURI SETHI: The Reply: Sh. Varun Arora Ji, Sh.Sanjay Malhotra, CS an expert in this forum is exp....

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....erts in All Acts. You may seek guidance from him also. Reply By Rajagopalan Ranganathan: The Reply: Sir, Rule 9 of Central Excise Rules, 2002 which governs the procedure for registration does not contain any condition regarding composition of Board of Directors of a company which seeks registration. Therefore there is no requirement of presence of Indian director in the Board to obtain registra....

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....tion under Central Excise Act, 1944 and the rules made thereunder. Reply By KASTURI SETHI: The Reply: It is not a question of Central Excise Act only. What is the requirement of the Company Act , Income Tax Act, VAT, Factory Act , Estate Office etc. ?These are also relevant in this regard.<br> Discussion Forum - Knowledge Sharing ....