One Person Company.

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..... pany. 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, .....

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..... er section 8 of the Act . (6) Such Company 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 nomine .....

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..... voluntarily into any kind of company unless two years is expired from the date of incorporation of One Person Company, except threshold limit (paid up share capital) is increased beyond fifty lakh rupees or its average annual turnover during the relevant period exceeds two crore rupees. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Mana .....

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