NRI directorship??
This query is : Resolved
29 December 2008
Can a Non residential Indian (NRI)become a director of a Private Limited Company??
And is there any restrictions set by the RBI on his share holding in the Pvt. Ltd.Company??
And is there any restrictions set by the RBI on his share holding in the Pvt. Ltd.Company??
CS Arpita Rajpurohit
(Expert)
29 December 2008
yes, as NRI can become a director of a Private Limited Company.......
30 December 2008
Yes, NRI can become Director of the Private Company and you can go through FDI (Foreign Direct Investment) Policy of the RBI given on the RBI website. There has to be filed one form for issue of shares to the NRI Director - i.e FCGPR form. You can see the updates from the FDI policy available at the website.
Dhirajlal Rambhia
(Expert)
23 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Ito add credit side of bank
- GSTR9 Annual Return
- Employee secondment
- Gift to nri relatives resides in usa
- Form 144 TDS Return Validation error
- Applicability of tax on invoice
- Form 144 TDS Return Validation Error – Mandatory Fields
- Rent agreement of House of deceased person
- GST ITC as per notification 12/2023- central tax
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
