https://www.taxtmi.com/article/detailed?id=13182 OPCs are exempt from holding an AGM, but must still file annual financial statements with the Registrar, record all resolutions in minutes, and, if there is more than one director, hold at least one board meeting every six months with prescribed intervals. The AGM exemption simplifies administration and decision-making, yet OPCs must ensure timely filings, accurate recordkeeping and correct application of exemptions to avoid penalties. en-us Fri, 06 Dec 2024 10:36:27 +0530 Fri, 06 Dec 2024 10:36:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13182 OPCs are exempt from holding an AGM, but must still file annual financial statements with the Registrar, record all resolutions in minutes, and, if there is more than one director, hold at least one board meeting every six months with prescribed intervals. The AGM exemption simplifies administration and decision-making, yet OPCs must ensure timely filings, accurate recordkeeping and correct application of exemptions to avoid penalties. Articles Other Topics Fri, 06 Dec 2024 10:36:27 +0530 https://www.taxtmi.com/article/detailed?id=13182