{"id":99,"date":"2017-07-06T06:45:09","date_gmt":"2017-07-06T06:45:09","guid":{"rendered":"http:\/\/ventureasy.com\/blog\/?p=99"},"modified":"2022-01-10T07:43:47","modified_gmt":"2022-01-10T07:43:47","slug":"foreign-directors-indian-company","status":"publish","type":"post","link":"https:\/\/ventureasy.com\/blog\/foreign-directors-indian-company\/","title":{"rendered":"Foreign Directors in Indian Company"},"content":{"rendered":"

Any public limited or private company needs to have a board of directors constituted for the purpose of managing the day-to-day affairs of the Company. The reason for the existence of the board of directors is that there needs to be a body that is above the management and which can be accountable to the regulators and shareholders for the decisions taken by the management of the company.<\/p>\n

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Foreign Directors in Indian Company<\/figcaption><\/figure>\n

Foreign Directors in Indian CompanyDirectors in Indian company:<\/strong> The Companies Act 2013 states that there should be minimum 2 directors in a private company and 3 in a public company. All the directors should be Individual Persons. All the Companies registered under the Act should have at least one Resident Directors (a person who has stayed in India for at least 182 days in the previous year.)<\/p>\n

Foreign Directors in Indian Companies:<\/strong> The Companies Act 2013 doesn\u2019t bar a foreign individual from being a director in an Indian company. However there are additional requirements to be fulfilled by the foreigner before he\/she is appointed.<\/p>\n

Every person should have a DSC in his name and a DIN allotted by the MCA before being appointed as a director. The list of documents required for DSC and DIN is an important factor to be kept in mind. Following are the documents that are required from a Foreign National –<\/p>\n