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(Querist)
21 April 2011 can a person of indian origin and foreign national be a director in an indian company ?
can a person holding foreign citizenship invest in indian company,what are the formalities.any permission from RBI is required or need to inform RBI
Thanks.
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Jayashree S Iyer

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Jayashree S Iyer (Expert)
21 April 2011
Reply to your queries are :

1) can a person of indian origin and foreign national be a director in an indian company ?

Yes. They can be directors in an Indian Company.

2) can a person holding foreign citizenship invest in indian company,what are the formalities.any permission from RBI is required or need to inform RBI

Yes. A foreign national can invest in Indian Company. The remittances should be routed through an authorised dealer. Please refer to RBI's Master Circular on FDI. In some sectors 100% FDI is allowed while in others, there are sectoral caps.
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