The Local Resident Director Requirement — Counted. Filed. Monitored.
Compliance support around the resident director requirement itself — computing the stay condition, making the appointment and resignation filings, and monitoring the position through the year.
Book Free ConsultationThe resident director condition is easy to state and easy to fail. It turns on the number of days an individual has actually stayed in India during the financial year, and that number changes with every travel decision the group makes.
N D Savla & Associates provides the compliance layer around this requirement: computing and documenting the stay position, handling the appointment and cessation filings, and flagging when a company is drifting towards non-compliance.
Companies most often discover a breach during the annual audit, when the year is closed and nothing can be corrected. Monitoring during the year is what prevents that, and it is a small amount of work compared with regularising afterwards.
Our Local Resident Director Services
Stay Computation
Computation and documentation of the stay position for each director.
Compliance Monitoring
Periodic monitoring during the year with early warning of a shortfall.
DIN & KYC Filings
Director identification numbers and the annual director KYC filings.
Appointment Filings
Consents, disclosures and the filings required to appoint a director.
Cessation & Resignation
Resignation documentation and the corresponding filings with the Registrar.
Disclosure Management
Annual disclosures of interest and related party declarations.
Register Maintenance
Maintenance of the register of directors and their shareholdings.
Remediation Support
Support where a shortfall has arisen and needs to be addressed.
Our Process
Position Assessment
The current board is assessed and each director's stay position established.
Documentation
Travel and stay records are collected and the computation documented.
Filing
Appointment, cessation and KYC filings are prepared and made within time.
Monitoring
The position is reviewed periodically against the remainder of the year.
Year-End Certification
The position is confirmed at year end for the audit and annual filings.
Why It Matters
Frequently Asked Questions
Not sure your board still meets the requirement?
Send us the travel records — we'll compute the position and tell you where you stand before year end.
