Consequences of having foreign directors

Hello,

Are there any restrictions on working of a pvt ltd co(or for that matter a public company) if all the directors of the Co. are foreign directors? If yes, do things change if one Indian National Director is added?

By Foregin Directors I mean Foreign Nationals(i.e. not Indian citizens) but who do live in India for more than 182 days a year which means they're 'Resident' as per the Income Tax Act.