What are the documents required for foreign director?
Details of the proposed directors along with the documents self-attested and Passport is required in case of foreign directors duly notarized and apostle in the home country. In case of non-availability of notary and apostle in the Home Country, it should be duly notarized in India.
How do I incorporate a foreign director?
In case a Foreign Company is a subscriber to the MOA & AOA of the proposed Indian Company:
- Board resolution of the Foreign Entity authorising investment in shares of the Indian Company.
- Copy of the certificate of incorporation of the foreign entity.
- Copy of address proof for the foreign company.
How do you add a foreign director to a private limited company?
Written Consent to Registrar:
The proposed Foreign National Director has to provide a written consent to act as director in Form DIR-2 and that to be filed with the Registrar within 30 days of his appointment. After this process only, he can act as a Director of the Company.
Can Indian company have foreign directors?
Foreign National as a Director under the Foreign Exchange Management Act (FEMA), 1999. As per the Companies Act and FEMA, there are no restrictions for a foreign national to become a director in an Indian Company. They are eligible for sitting fees, remuneration, commission, travel expenses just like any other director …
Is PAN mandatory for foreign directors?
This signifies that every person, whether resident or non-resident in India, who is a director in an Indian Company that has financial transaction of Rs. 250,000/- or more in a financial year will have to compulsory obtain Indian PAN card.
How can I get Dia 12 from MCA?
What is the procedure of Filing Form DIR-12?
- Download Form. …
- Enter CIN & click on Pre-fill. …
- Fill Number of Managing director & details for them. …
- Fill Number of Number of managers, secretary, Chief financial Officer or Chief Executive Officer & details for them. …
- Attach Documents. …
- Sign & Submit Form. …
- Upload Form.
How do I register a foreign company in India?
Any foreign company can establish its place of business in India by filing eForm FC-1 (Information to be filed by foreign company). Note: The eForm needs to be digitally signed by authorized representative of the foreign company. There is no need to apply and obtain DIN for Directors of a foreign company.
Can a foreigner be a CEO?
A foreigner may hold this position as long as he or she is a resident of the Philippines.
Can a foreign director give loan to Indian company?
Restriction on borrowing of Loans from Foreign companies. As per the FEMA regulations, any individual is not allowed to borrow foreign exchange from an individual outside India or borrow currency in the form of Indian Rupees from a person outside India.
Is section 196 applicable to private companies?
In case of private company – Sub-section (4) and (5) of Section 196 shall not apply – Notification dated 5th june, 2015. 2. In case of government company – Sub-section (2), (4) and (5) of Section 196 shall not apply . … In case of Specified IFSC Public Company – Sub-section (4) of section 196 shall not apply.
How can I get DIN for NRI?
DIN for Foreign Nationals and NRIs
DIN for foreign nationals can be obtained by providing a copy of the foreign nationals passport that is notarised and apostilled. The passport copy attached for the foreign national DIN applicant must contain the date of birth of the applicant.