File No.2/01/ 2020-CL-V
Government of India
Ministry of Corporate Affairs
5th Floor, ‘A’ Wing, Shastri Bhawan,
Dr. R. P. Road, New Delhi-110001.
Dated: 20th October, 2020
All Regional Directors,
All Registrar of Companies, All Stakeholders.
In continuation to General Circular No. 11/2020 dated 24th March 2020, keeping in view the requests received from various stakeholders seeking relaxation from the residency requirement of 182 days in a year and after due examination, it is hereby clarified that non-compliance of minimum residency in India for a period of at least 182 days in a year, by at least one director in every company, under section 149 of the Companies Act, 2013 shall not be treated as non-compliance for the financial year 2020-2021 also.
2. This issues with the approval of the competent authority.
Assistant Director (Policy)
Copy forwarded for information to:-
1. e-governance section and web contents officer to place the circular on MCA
2. File No.7/26/2020-CL-I and 3. Guard file.