Yes, Non-Resident Indians (NRIs) and foreign nationals can become directors in a private limited company in India. The Companies Act, 2013 allows for the appointment of NRIs and foreign nationals as directors, subject to certain requirements and conditions. Here are some key points to consider:
- Director Identification Number (DIN)
Every individual who wishes to become a director in a company in India, including NRIs and foreign nationals, must obtain a Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA).
- At least one Resident Director
As per the Companies Act, 2013, every private limited company in India must have at least one director who is a resident of India. A resident director is an individual who has stayed in India for a minimum period of 182 days in the previous calendar year.
- Documentation and Legal Compliance:
NRIs and foreign nationals must provide the necessary documentation, such as a valid passport, address proof, and other identity proofs, as required by the MCA. These documents may need to be notarized or apostilled, depending on the country of origin.