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What director duty issues are raised for nominee directors and directors who are on the board of more than one company in a corporate group?
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Who is nominee directors?
A nominee director of a company is appointed to ensure that the affairs of the company are conducted as dictated by the law governing company and to ensure good corporate governance. A nominee director represents a law governing company and he ensures the interests of the company he represents.Nominee directors don't have much active role in a company. The nominee director would normally charge for the services of putting his name to an organization. Nominee directors share the same level of responsibilities as do normal directors.
What has the author Lakshmi Chandra Gupta written?
Lakshmi Chandra Gupta has written: 'Corporate boards and nominee directors' -- subject(s): Directors of corporations, Industrial management
Who is the managing director of the iob bank?
Mr. M Narendra is the current Chairman and Managing Director of Indian Overseas Bank, India. Mrs. Nupur Mitra and Mr. A K Bansal are the current serving Executive Directors of the bank. Dr. Vinita Kumar is the government nominee director and Mr. S V Raghavan is the RBI nominee director for the bank.
How many people are required to incorporate a One Person Company?
To incorporate a One Person Company, a Director and a nominee is required. A nominee member is one, who shall, in the event of promoter member's death or incapacitation become a member of the Company.
What are the requirements to be a Director or Nominee in a OPC?
Only a natural person who is an Indian citizen and a resident in India is eligible to incorporate a One Person Company or be a nominee member. The Director or Nominee must also be over 18 years of age. A person can incorporate up to five One Person Companies.
Who is CMD of PNB bank?
Mr. K R Kamath is the chairman and managing director of Punjab national bank. The other important members in the Board of Directors are:Mr. M V Tanksale - Executive DirectorMr. Rakesh Sethi - Executive DirectorMrs. Ravneet Kaur - Government of India Nominee Director
What is full name of Punjab national bank chairman and managing director?
Punjab National Bank's Board of Directors are:Mr. K R Kamath - Chairman and Managing DirectorMr. M V Tanksale - Executive DirectorMr. Rakesh Sethi - Executive DirectorMrs. Ravneet Kaur - Government of India Nominee Director
Who is the chairman of pnb bank now?
Mr. K R Kamath is the chairman and managing director of Punjab national bank. The other important members in the Board of Directors are:Mr. M V Tanksale - Executive DirectorMr. Rakesh Sethi - Executive DirectorMrs. Ravneet Kaur - Government of India Nominee Director
What actors and actresses appeared in 1st Annual Primetime Beyaz Inci Awards - 2005?
The cast of 1st Annual Primetime Beyaz Inci Awards - 2005 includes: Serdar Akar as Winner: Best Director - Adventure Demet Akbag as Nominee: Best Actress - Comedy Metin Akpinar as Nominee: Best Actor - Comedy Ilker Aksum as Nominee: Best Actor in a Leading Role - Comedy Ayla Algan as Nominee: Best Actress in a Leading Role - Drama Mehmet Ali Erbil as Himself - Host Irem Altug as Nominee: Best Actress - Adventure Mehmet Aslantug as Winner: Best Actor - Drama Kenan Bal as Nominee: Best Actor - Adventure Ata Demirer as Himself - Winner: Best Actor - Comedy Ozan Guven as Winner: Best Actor in a Leading Role - Drama Kadir Inanir as Nominee: Best Actor - Drama Safak Karaman as Himself - Host (Outside) Binnur Kaya as Nominee: Best Actress in a Leading Role - Comedy Melih Kibar as Nominee: Best Music - Adventure Cevdet Mercan as Nominee: Best Director - Adventure Erol Mutlu as Nominee: Best Music - Adventure Erkan Petekkaya as Nominee: Best Actor - Adventure Kudret Sabanci as Nominee: Best Director - Drama Cemal San as Nominee: Best Director - Adventure Yagmur Taylan as Winner: Best Director - Comedy Durul Taylan as Winner: Best Director - Comedy Ipek Tenolcay as Winner: Best Actress in a Leading Role - Adventure Ipek Tuzcuoglu as Winner: Best Actress - Adventure Sumru Yavrucuk as Winner: Best Actress - Comedy
do i need to partner with local Singapore resident to incorporate a company in Singapore?
Company formation in Singapore is a hot topic. And aspiring entrepreneurs who are thinking of company registration in Singapore have many questions to ask. Especially, they want to know whether they need to partner with a local Singapore resident for company registration. A few of them know that it is mandatory for foreigners to take on a local resident as their business partner in certain countries before registering a company. In Singapore, you do not need a local partner to start your company. On the other hand, Singapore allows foreigners to own 100% share capital in their company. Let us clear the confusion. First of all, you need to understand the basic requirements for a Singapore company registration. They are as follows: At least one local or resident director At least one shareholder Minimum initial-paid capital of S$1 At least one company secretary Registered physical office address As per the above list, you need at least one local or resident director for company formation in Singapore. However, this has nothing to do with having to select a local resident as your business partner. Many foreign business owners, new to Singapore jurisdiction, stumble on this requirement. They confuse having to appoint a local/ resident director with having to select a local as a business partner. After the appointment, a local/ resident director in Singapore works as an employee of the company. If you are Singaporean, you can act in this capacity. However, the foreigners cannot act in this capacity as this appointee needs to be an ordinarily resident of Singapore. The way out of the foreigners is to hire a Singaporean, Permanent Resident, an Employment pass holder to act in this capacity. Or, they can hire a nominee local director from one of the corporate services providers in Singapore. A nominee director is hired under an elaborate contract. You can mention their duties, responsibilities and scope in the contract. They do not play any part in the management of the company. To reiterate, you do not need to take a Singapore resident as your business partner for a company registration Singapore. The nominee or local/resident director you must appoint is the company's employee. And as per company Law, you can own 100% shares of your Singapore company. @sbsgroupsingapore
Can an institution be a nominee for bank deposits?
Yes, they can. There are no restrictions as to who can be a nominee for a bank account. Any valid customer for a bank or their relatives/family members can be a nominee. In case of company's or institutions, they themselves are the nominees for their deposits.
Who is the MD of Punjab national bank?
Bank of Punjab does not have a branch in India. Bank of Punjab is a bank in Pakistan which was established in 1989 and commenced its retail banking operations in 1994. The President of the bank is Naeemuddin Khan. The bank is owned by the government of Pakistan.
