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HomeCA IntercorporatelawsOPC Cash Flow Exemption › A 'One Person Company' (OPC) preparing its finan…

A 'One Person Company' (OPC) preparing its financial statements is NOT required to include:

Answer & Solution
Correct answer: C.
1. Section 2(40) proviso — OPCs, small companies, and dormant companies are EXEMPT from preparing a Cash Flow Statement. 2. P&L, Balance Sheet, and Notes remain mandatory. 3. Hence (C). _Source: ICAI BoS CA Inter Paper 2 — Accounts of Companies_
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