One Person Company.

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....n Company. ^2[Explanation I. - For the purposes of this rule, the term "resident in India" means a person who has stayed in India for a period of not less than ^4[one hundred and twenty days] during the immediately preceding financial year. Explanation II.- For the purposes of this rule, while counting the number of days of stay of a director in India for the financial year 2018-2019, any pe....

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.... 8 of the Act. (6) Such Company cannot carry out Non-Banking Financial Investment activities including investment in securities of any body corporates. (7) ^5[****]     ************* NOTES:- 1. Substituted vide Notification No. G.S.R. 743(E) dated 27-07-2016 before it was read as, "(2) No person shall be eligible to incorporate more than a One P....