Everything You Need To Know About Directorship In Indian Companies By “Persons Resident Outside India”

The Indian government has recently relaxed its rules for foreign investors. It allows them to go to India and make investments across a range of industries. Currently, the government permits foreign direct investment to be made in all sectors. It is except a few numbers such as railway, defense, agriculture, and real estate.

Directorship In Indian Companies By “Persons Resident Outside India is responsible for the company's day-to-day operations. Therefore, the investor would want to join the board of directors of the firm when investing.

Documents Needed For A Foreign National To Apply For a DIN

• Proof Of Identity: Foreign national's passport copy is required as identification. Additionally, the Indian embassy in the nation where the foreign national resides should properly notarize and apostille the relevant passport.

• Address Evidence: A photocopy of your driver's license, passport, or utility bills (such as your phone or power bill). A bank statement from the previous six months may also be used as evidence. The foreign applicant's address for purposes of getting a DIN.

• Additionally, each of these address papers needs to be properly notarized and apostilled by the Indian embassy. It is in the nation where the foreign national resides.

• Pictures of the applicant in passport size

• If the identity and address documents are not in Hindi or English. They must be legally translated into English by a certified translator. A notary public in the foreign country where the foreign national resides. They must also have a valid email address and an active mobile phone number.

• Valid email identification and the foreign country's active mobile number where the foreign national resides

• A Declaration confirming that the candidate is not ineligible to serve as a director must be provided.

• a certified digital signature from a certifying body. Additionally, the same papers indicated above for acquiring a DIN may also be used to obtain digital signatures.

Cases When Apostilling Papers Is Not Necessary Include

If the applicant is a foreign citizen, all of the aforementioned papers must receive an apostille. The Indian Embassy of the nation in which the applicant is a foreign national. It is the Indian Embassy of the applicant's country of origin.

Cases When Apostilling Papers Is Not Necessary to Include:

If the applicant is an individual of Indian descent who has an OCI card. It is visiting India for whatever purpose.

No paperwork has to be apostilled by the Indian Embassy of the nation where the POI resides. All of his documents can be utilized to get the DIN if they are confirmed by any professionals in India.

Cases When Apostilling Papers Is Not Necessary to Include:

If the applicant is a non-resident Indian who spent more than 182 days outside of India. It is in the previous fiscal year for whatever reason. In this case, the Embassy in the foreign country where the NRI resides will not need to apostille any papers.

If an NRI is visiting India at the time of a company's establishment when appointed to a director position. It is in an Indian company, and all of his paperwork can be authenticated by Indian professionals.

Company Bio:

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