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..
Ajay Mishra
(Expert)
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
Message likes :
3 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Rectification under processing even after 6 months cpc portal
- TDS Return Statement Status
- Closer of business and itc of capital goods
- Capital gain on commercial property and investment in residential property
- Appointment of Auditor By Form ADT-1
- 18% Rent a cab
- ARCA LOGIN
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
