One Person Company.

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.... - 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 period of stay between 01.....

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....cannot carry out Non-Banking Financial Investment activities including investment in securities of any body corporates. 5[****] ********* Notes:- 1. Substituted vide F.No.1/13/2013-CL-V - Dated 27-7-2016, before it was read as, " (2) No person shall be eligible to incorporate more than a One Person Company or become nominee in more than one such company. " 2. Substituted vide Notifi....