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of <h1>Section 122: Simplified resolutions and meeting rules for One Person Companies with a single member or director</h1> Section 122 modifies the management and administration provisions of company law for One Person Companies (OPCs). Sections 98 and 100-111 do not apply to OPCs. Ordinary business normally dealt with at an annual general meeting for other companies is handled differently for OPCs: resolutions required to be passed at general meetings (ordinary or special) are valid if the sole member communicates the resolution to the company, records it in the minutes book, and signs and dates it, which date is deemed the meeting date. Similarly, where there is only one director, board business is valid if the director records, signs, and dates the resolution in the minutes book, that date being deemed the board meeting date.
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