CAIRR Update October 22, 2020

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CAIRR Update October 22, 2020

October 22, 2020

Summary of the circular issued by MCA on 20/10/2020


MCA dispenses with the requirements towards minimum residency of Directors of a Company for FY 2020-21


Further to its earlier circular dated March 24, 2020 pertaining to financial year 2019-20, MCA has now dispensed with the requirement of at least one Director of every Company requiring minimum residency of at least 182 days in India during a financial year pursuant to section 149 for 2020-21 as well.

Consequently, now failure to maintain residency for both financial years 2019-20 & 2020-21 shall not be treated as a non-compliance.


This circular is integrated in our free to use website for your easy reference.

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By | 2020-10-22T13:08:26+00:00 October 22nd, 2020||0 Comments

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