PRIVILEGES AVAILABLE TO OPC

Section	PRIVILEGES
Section 149	The Company can have a minimum one and maximum 15 directors
Section 3	The Company can be formed with a single member
Section 2(40)	Cash flow statement is not mandatory part of financial statements
Section 48	The resolution required to be passed at the general meetings of the company shall be deemed to have been passed if the resolution is agreed upon by the sole member and communicated to the company and entered in the minutes book
Section 96	Holding of Annual General Meeting is not applicable on OPC
Section 98 and 100 to 111 not applicable on OPC
Section 98	Power of Tribunal to call meetings of members, etc
Section 100	Calling of extraordinary general meeting
Section 101	Notice of the Meeting
Section 102	Explanatory Statement
Section 103	Quorum for Meeting
Section 104	Chairman of the Meeting
Section 105	Proxies
Section 106	Restriction of Voting Rights
Section 107	Voting by Show of Hands
Section 108	Voting through electronic means
Section 109	Demand for Poll
Section 110	Postal Ballot
Section 111	Circulation of Member's Resolution
Section 173	Only 2 Board Meeting in a calender year, one in each half year and at least 90 days  gap between 2 Board Meetings
Section 134(4)	Board Report may contain only the  explanations or comments by directors on reservation/ qualifications by the auditors
Section 137	The OPC is required file a copy of its financial statement along with other documents within 180 days of end of the financial year duly adopted by its member By Nikita Singh