OPC enjoy the following privileges and exemptions under the Companies Act:
⦁  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.
⦁  Their articles can provide for additional grounds for vacation of a director’s office
⦁  They can pay more remuneration to directors than compared to other companies.
⦁  Several provisions relating to meetings and quorum do not apply to them.