Foreign Indivudual as Member in Company

Yes..

Same Procedure...

For obtaining DIN the Procedure is same I Agree

But could he form a Company in India, is there any other thing to be done for incorporation

Dear Saliq...

Ofcourse he is eligible... no other formalities...

but ROC/MCA can ask him for a represatives address etc in India...

Adarsh

No matter , he is fully eligible to form a Company under Companies Act, 1956 and the formalities would be same.

Is there any provisions  of Companies Act that a Foreigner should get approval from RBI before becoming Member in an Indian Company

No approval is required as per my knowledge...

Also consider the views of other learned member....

Reason behind this is ROC gets all the proof (copy of passport) of that Foreign Nation..

Yes I am convinsed with Adarsh no such approval is required main things are DIN No. of the person and he can make a company.In case he is not haveing DIN no. then co. can be started on indian promoters name and later on all the shares can be transfered to the foreign national.

There is a difference between a member & a director. For becoming a member a person has to subscribe for shares of the comapany & if any foreign national invests in any India company, the company issuing the shares has to comply with the guidelines relating to FDI issued by RBI.