Can a foreigner become director in indian company??
This query is : Resolved
22 March 2012
Can a foreigner become director in Indian company & how??
What are the forms to be filed, RBI procedures, Foreign investment promotion board procedures, for a company with basic object as est. Italian food chain restaurants serving food & beverages in India..
What are the forms to be filed, RBI procedures, Foreign investment promotion board procedures, for a company with basic object as est. Italian food chain restaurants serving food & beverages in India..
22 March 2012
Hi
Yes a foreigner becomes a director.
DCA Circular dated 16-2-1995 clarifies that there can not be any restriction for incorporation of a company whether all the subscriber to the MOA/AOA/ proposed directors are residing abroad, being either foreign nationals, or NRI subject to the approval of RBI, where necessary.
Please take a DIN of foreign director and appoint the same.
Regards
Yes a foreigner becomes a director.
DCA Circular dated 16-2-1995 clarifies that there can not be any restriction for incorporation of a company whether all the subscriber to the MOA/AOA/ proposed directors are residing abroad, being either foreign nationals, or NRI subject to the approval of RBI, where necessary.
Please take a DIN of foreign director and appoint the same.
Regards
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