explain the special provisions regarding the formation of a one person company
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Privileges of One Person Companies
They do not have to hold annual general meetings. Their financial statements need not include cash flow statements. A company secretary is not required to sign annual returns; directors can also do so. Provisions relating to independent directors do not apply to them.
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Explanation:
Privileges of One Person Companies
They do not have to hold annual general meetings. Their financial statements need not include cash flow statements. A company secretary is not required to sign annual returns; directors can also do so. Provisions relating to independent directors do not apply to them.
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