A Private limited company registration in India other than a one person company has to have a minimum of two directors. A director is an individual occupying the position of a director called by whatever name. It is quite possible that the director may be a foreigner. The question here arises whether or not a foreigner can be appointed as a director in an Indian company/ Foreign Nationals Director in Indian Company.
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Yes foreigners can be directors in an Indian company provided that at least one of the directors is a national of India
The Director should be above 18 years of age and must be a natural person. There are no restrictions in terms of citizenship or residency. Therefore, NRI or foreign nationals can be directors in an Indian Private Limited Company. But at least one of the directors in the board of directors must be a resident of India. There is no restriction on the appointment of an NRI or foreign national as a Director of a private limited company Registration in India & the procedural requirement are almost the same as they would be for the appointment of an Indian citizen. An NRI or foreign director may be an executive or non-executive director.
However, there are some points that need to be watched out for: Can NRI foreign nationals director Private Limited Company
2. If you are appointing a foreign national as a managing director of a private limited company, the appointment would be governed by Section 269 of the Companies Act subject to the rules given in Schedule XIII to the Act that defines qualification for appointment and ceiling limits of remuneration.
If the foreign national to be appointed does not meet the time required in order to be called as a resident, permission will have to be taken from the Government. Permission will also be necessary if the remuneration is beyond limits set by Schedule XIII. Can NRI foreign nationals director Private Limited Company.
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