# Application to One Person Company [Section 122]
## OPC and Meetings — A Special Regime
### General Meeting of OPC
For businesses to be transacted at a general meeting of OPC, it is sufficient if:
1. The resolution is communicated by the member to the company and entered in the minutes book, AND
2. The minutes book is signed and dated by the member — such date is deemed as the date of the meeting.
### Board Meeting of OPC (with only one director)
It is sufficient if:
1. The resolution is entered in the minutes book, AND
2. The minutes book is signed and dated by the director — such date is deemed the date of the meeting.
## Punishment for Default
Company and officer/person in default: Fine extendable up to ₹ 5,000 and further fine up to ₹ 500 per day after the first day during which contravention continues.
## Provisions NOT Applicable to OPC
The following sections are inapplicable to OPC:
| Sections | Subject Matter |
|---|---|
| 98 & 100 | EGM and NCLT-called EGM |
| 101 & 102 | Notice & Explanatory Statement |
| 103 & 105 | Quorum & Proxies |
| 104 | Chairman of meetings |
| 106 to 110 | Voting Provisions (incl. postal ballot) |
| 111 | Circulation of Members' Resolution |
## Exemption to Private Company
If the AOA of a Private Company (which has not committed default under Sec. 92 & 137) so provides, it is exempted from Sections 101 to 107 and 109.
## Key Memory Hook
"For OPC, a meeting is a fiction — one signature in the minutes book = meeting deemed held. Sec. 98 and 100-111 simply don't apply because they assume more than one person in the room."