Annual Compliances of One Person Company (OPC)
Annual Compliances of One Person Company (OPC)
A One Person Company (OPC) offers the benefits of limited liability and a separate legal identity while allowing single ownership. However, even though it has a simplified structure, an OPC is still required to comply with various annual statutory requirements under the Companies Act, 2013.
At Sharma and Sharma Associates, we provide complete assistance in managing all annual compliances for OPCs — from filing returns to maintaining statutory records. Our experts ensure your business remains compliant, penalty-free, and in good standing with the Ministry of Corporate Affairs (MCA).
What Are Annual Compliances for OPC
1
Filing of Financial Statements (Form AOC-4) – Submission of Balance Sheet and Profit & Loss Account to the MCA.
2
Annual Return (Form MGT-7A) – Disclosure of the company’s shareholding and management details.
3
Income Tax Return Filing – Annual ITR submission under the Income Tax Act, even if there is no income.
4
Board Meetings – At least one board meeting must be held every six months.
5
Maintenance of Statutory Registers – Proper record-keeping of members, directors, and financial data.
Key Due Dates for OPC Annual Compliance
| Compliance | Form | Due Date |
|---|---|---|
| Annual Return | MGT-7A | Within 60 days from AGM |
| Financial Statement | AOC-4 | Within 180 days from financial year end |
| Income Tax Return | ITR-6 | On or before 31st October |
| Auditor Appointment | ADT-1 | Within 30 days of AGM |
| Board Meeting | – | At least one per half year |
Documents Required for OPC Annual Filing
Certificate of Incorporation
PAN of the company
Financial statements (Balance Sheet, P&L Account)
DSC (Digital Signature Certificate) of the director
Audit report and director’s report
Bank statements and invoices
Why Annual Compliance is Important
1
Avoid heavy penalties and disqualification of directors
2
Maintain transparency and good governance
3
Ensure smooth financial and legal operations
4
Build credibility with banks, investors, and authorities
Why Choose Sharma and Sharma Associates
Experienced professionals in company law and tax compliance
100% accuracy and timely filing assurance
End-to-end support for annual compliance
Affordable pricing with no hidden charges
Our Services Include
Preparation and filing of AOC-4 and MGT-7A
Drafting of Director’s Report and Board Resolutions
Coordination with statutory auditors
Filing of Income Tax Returns (ITR-6)
Expert compliance tracking and reminders
Let's talk!
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Email: demo@gmail.com
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