Company being an artificial person has to be run, managed\nand controlled by a real person. These officials who manage a company are\ncalled directors and are the head of the company. They are the ones responsible\nfor all the managerial and other official affairs in the company.<\/p>\n\n\n\n
In this post, our special focus will be one can an NRI be a Managing Director of an Indian company<\/strong> or can a foreigner be a director of an Indian company.<\/p>\n\n\n\n In India, as per law, a foreign national can become a director in an Indian company whether it is a public or private company provided at least one of the directors in the company is on Indian nationality. Share below are the laws in relationship with Foreign Nationals Director in Indian Company<\/strong>.<\/p>\n\n\n\n We have come up with essential steps for becoming a foreign\nnational to become a director in Indian company:<\/p>\n\n\n\n Director\nIdentification Number<\/strong><\/p>\n\n\n\n Foreign National as Managing Director<\/strong><\/p>\n\n\n\n Company being an artificial person has to be run, managed and controlled by a real person. These officials who manage a company are called directors and are the head of the company. They are the ones responsible for all the managerial and other official affairs in the company. In this post, our special focus will be one can an NRI be a Managing Director of an Indian company or can a foreigner be a director of an Indian company. NRIs and directorship in Indian firms In India, as per law, a foreign national can become a director in an Indian<\/p>\n","protected":false},"author":2,"featured_media":4635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-4634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"yoast_head":"\nNRIs and directorship\nin Indian firms<\/strong><\/h3>\n\n\n\n
Criteria to Become a Director Under Companies Act, 2013<\/h3>\n\n\n\n
\n
and has to be a natural person.<\/li>\n\n\n\n
of an Indian company because of nationality.<\/li>\n\n\n\n
an executive or non-executive director.<\/li>\n<\/ul>\n\n\n\nSteps to Follow for Foreign National to Become a Director<\/h3>\n\n\n\n
\n
mandatory for the foreign national to have a Director Identification Number
(DIN).<\/li>\n\n\n\n
the application of allotment of DIN filled by person who intends to become a
director under Sec 153.<\/li>\n\n\n\n
along with fees of Rs.500. <\/li>\n\n\n\n
be submitted electronically along with a photograph, proof of identity and
residence, Form DIR-4, duly verified digital signature.<\/li>\n\n\n\n
submitted in Form DIR-3. The certified copy of the same is also to be attached
with DIN application.<\/li>\n\n\n\n
by a practicing CA or CS or Cost Accountant. It can also be verified by CS of
the company or MD or director of the company for which applicant is applying
for directorship.<\/li>\n\n\n\n
provisional DIN gets generated automatically.<\/li>\n\n\n\n
until approved and confirmed by Central Government.<\/li>\n\n\n\n
month from issuing the receipt of application.<\/li>\n\n\n\n
the same is communicated using email or putting it on website asking to rectify
the errors within 15 days.<\/li>\n\n\n\n
within 15 days, the application becomes invalid along with provisional DIN.<\/li>\n<\/ul>\n\n\n\nForeign National as Independent Director<\/h3>\n\n\n\n
\n
knowledge in more than one fields of management, sales, finance, marketing
administration, technical operations etc. which are related to the governance
of the company.<\/li>\n<\/ul>\n\n\n\n\n
staying in India at a stretch for at least 12 months immediately after date of
appointment.<\/li>\n\n\n\n
duration of over 6 months.<\/li>\n\n\n\n
fulfilled then approval from Central Government is needed.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"