Anurag Kashyap-directed "Gangs of Wasseypur" is also nominated in the Best Supporting Actress category (Huma Qureshi) and Best Art Direction (Suikal Bose).
Vidya Balan has been shortlisted in the Best Actress category for her act in "Kahaani" while "Barfi" has been nominated for its music (by Pritam Chakraborty).
The nomination list includes several blockbuster films.
Nominated for best actor are Lee Byung-hun ("Masquerade"), Lau Ching Wan ("Life Without Principle"), Eddie Garcia ("Bwakaw"), Joseph Chang ("GF*BF"), Masato Sakai ("Key of Life") and Tony Leung Kar Fai ("Cold War") while the nominees for best actress besides Vidya are Song Jia ("Falling Flowers"), Gwei Lun Mei ("GF*BF"), Im Soo-jung ("All about My Wife"), Prisia Nasution ("The Dancer") and Nora Aunor ("Thy Womb").
Thirty films will contend for the final awards in this year's festival with the theme "The New Starting Line".
Winners will be announced on December 15 at The Venetian Macao-Resort-Hotel, the festival's main sponsor.
The list will be assessed by the juries through two rounds of voting.
The films in contention for the best movie with "Gangs of Wasseypur 1 & 2" are "I Wish", "Life Without Principle", "Lore", "Masquerade" and "Bunohan Apparat".