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Foreigner as a director and shareholder
Dear experts,
Can a foreign citizen (person of indian origin) can be a director in a private limited company in india? If yes can he hold 99% of shares in the same company as per companies act, 2013?
Any other restrictions by any other law for specific business activities like FFMC (Authorised money changer), Banking etc ?
Any restrictions by RBI /FEMA??
Replies (1)
Yes, a person resideing outside India can be a director and be a shareholder of 99% of shares of such Company. However, there has to be atleast one directror who should resident in India.
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