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Hi Ruchi
The Companies Act, 2013 allows the NRIs, foreign residents and foreign nationals to act as directors in an Indian company. The NRIs and foreign nationals must obtain a Director Identification Number (DIN) and Digital Signature Certificate (DSC) to become a director of an Indian company.
Also, the NRIs and foreign nationals can have the shareholding in an Indian company, subject to the FDI guidelines in India.
Hope it helps you!
Thanks!