NRI Directorship??

Yes, NRI can be a Director in Pvt Ltd. Co.

To the best of my knowledge there is no restriction on shareholding.

CA Rajesh Poddar

Hello: 9820989383 (Mumbai)

Yes, A NRI can be a Director of Pvt Ltd Company. The extent and manner of shareholding will depend upon the Industrial policy because in certain there is restriction on the foreign investment, and A NRI director can own only upto the level of maximum permissible investment.

CS Mukesh Arora

Nowhere in the Companies acts qualifications (eg. Mini./Max Age, min.education, citizenship)  for directorship are given only disqualification are given under section 274.

So you can interpret that a NRI can be a director of the company.

And as far as share holding of NRI in pvt company is concerned it will be governed by FEMA Act and i didnt learnt fema yet but i can say there are some provisions reagrding such shareholding.