Bigger India

NRIs And Directorship in Indian Firms

There are no restrictions for appointing foreign/NRI director, subject to some conditions.

India continues to witness a steady flow of global companies setting up or expanding their operations in India. Generally, their preferred option from a legal structure perspective is a private limited company. Both the new as well as existing Indian subsidiaries of foreign companies tend to depute trusted foreign personnel/non-resident Indians (NRIs) employed with them as flag-bearers in India in the form of directors or other key managerial personnel.

Read it at Live Mint

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