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One Person Company, small company, and the dormant company shall be deemed to have complied with the provisions of this section if at least one meeting of the Board of Directors has been conducted in each half of a calendar year and the gap between the two meetings is not less than ninety days.
The best possible way would be, just hold an annu...
Wazzeer Professional Network
ProfessionalNon Compliance OPC
I incorporated an OPC on 22nd August 2016 as sole director, but due to some financial issues and health issues I couldn't carry on business neither I did any compliances after recieving certificate of incorporation. I haven't appointed auditor and did not issued share certificate. I was a 22 year old with lack of business education and now I want to know how to deal with it. Can I save the incorporation if penalty is low or should I file for closure?
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Wazzeer Professional Network
ProfessionalOne Person Company, small company, and the dormant company shall be deemed to have complied with the provisions of this section if at least one meeting of the Board of Directors has been conducted in each half of a calendar year and the gap between the two meetings is not less than ninety days.
The best possible way would be, just hold an annual meeting and submit the financial to ROC and remaining compliance can be compiled later.
Provisions of the below sections shall not apply to a One Person Company (OPC) -
Section 98: Power of Tribunal to call meetings of members, etc.
Section 100: Calling of extraordinary general meeting
Section 101: Notice of meeting
Section 102: Statement to be annexed to notice
Section 103: Quorum for meetings
Section 104: Chairman of meetings
Section 105: Proxies
Section 106: Restriction on 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 members' resolution
We would be happy to help you in filing the annual returns, to start the process -> "Get your Wazzeer"
over 4 years ago
View answer
Non Compliance OPC
I incorporated an OPC on 22nd August 2016 as sole director, but due to some financial issues and health issues I couldn't carry on business neither I did any compliances after recieving certificate of incorporation. I haven't appointed auditor and did not issued share certificate. I was a 22 year old with lack of business education and now I want to know how to deal with it. Can I save the incorporation if penalty is low or should I file for closure?
-
Wazzeer Professional Network
ProfessionalOne Person Company, small company, and the dormant company shall be deemed to have complied with the provisions of this section if at least one meeting of the Board of Directors has been conducted in each half of a calendar year and the gap between the two meetings is not less than ninety days.
The best possible way would be, just hold an annual meeting and submit the financial to ROC and remaining compliance can be compiled later.
Provisions of the below sections shall not apply to a One Person Company (OPC) -
Section 98: Power of Tribunal to call meetings of members, etc.
Section 100: Calling of extraordinary general meeting
Section 101: Notice of meeting
Section 102: Statement to be annexed to notice
Section 103: Quorum for meetings
Section 104: Chairman of meetings
Section 105: Proxies
Section 106: Restriction on 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 members' resolution
We would be happy to help you in filing the annual returns, to start the process -> "Get your Wazzeer"
over 4 years ago
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