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of <h1>Clause 122: One Person Companies Exempt from Sections 98, 100-111; Simplified Resolution Process Outlined in Section 114.</h1> Clause 122 of the Companies Bill, 2011, specifies that sections 98 and 100 to 111 do not apply to a One Person Company (OPC). Ordinary business typically conducted at an annual general meeting by other companies can be transacted by an OPC as outlined in sub-section (3). For section 114, business resolutions can be communicated by the member to the company and recorded in the minutes-book, with the date of entry considered the meeting date. If an OPC has only one director, board resolutions can be similarly recorded and dated in the minutes-book, which will serve as the meeting date.
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