Menu
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.
Recent Topic
- Is Form 10E applicable for Notice Pay received in
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
- Presumptive taxation
- Claiming Pre Possession Home Loan Interest
- Tax on Pension from EPFO
- Indexation of Sale of Property under New Regime
- TDS ON RENT BY TENANT
Related Topics
CAclubindia
