MCA relaxes the minimum residency requirement for partners and directors

The MCA vide circular dated 20.10.2020 has issued special relief measures regarding the minimum residency requirements for companies and LLPs in view of the pandemic outbreak. The Circular provides that the requirement for at least one director or partner to stay in India for at least 182 days a year has been relaxed for the year 2020 keeping in view the international travel restrictions imposed by the international community.

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