Single format · FV08-J2-2

Board note, compliance with s.149(3), LLP s.7 and Schedule V

A single format from the The Resident Director, Designated Partner and Managerial Person Tests pack. Agenda note · first Board meeting of the FY.

Length
2 pages
Blanks to fill
42
Files
Word and PDF
Law stated to
16 September 2026

What it covers

  1. 1Board note, compliance with s.149(3), LLP s.7 and Schedule VAgenda note · first Board meeting of the FY42 blanks

Read the opening

The first part of the format, as it downloads. Blanks are highlighted.

Agenda note for the meeting of the Board of Directors of [Name of the company] to be held on [Date of the board meeting] · Item No. [Agenda item number]

COMPLIANCE WITH THE REQUIREMENT FOR A RESIDENT DIRECTOR — FINANCIAL YEAR [2026-27] AND PLAN FOR [2027-28]

1. Requirement. Section 149(3) of the Companies Act, 2013 requires every company to have at least one director who stays in India for a total period of not less than 182 days during the financial year. [For a newly incorporated company: the requirement applies proportionately; for the period from ____ to 31.03.____ (___ days) the minimum is ___ days.] The test is one of physical stay. It is independent of nationality and of residential status under the Foreign Exchange Management Act, 1999 or the Income-tax Act, 2025.

9 more paragraphs and tables follow in the full format.

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