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Second shareholder can be nominee shareholder or we can show one share held by some director on behalf of Y Int Inc.

Regards

Hi,

Please refer Section 49(3) of the Companies Act, 1956 in this regard and accordingly to comply with the provisions of such section, one share may be held in the name of nominee. Further, in such a case compliance of provisions of section 187(c) is also required i.e. filing of e-form 22B.

Thanks

CS Ashwini Kumar

Thanks a lot Jaideep and Mr.Ashwini Kumar. Your answers have definitely clarified my doubt.