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Annual Compliance for One Person Company
3 Step Process!
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Fill The Form
Just fill the form!
Call To Discuss
Our experts will guide you!
Get Compliant
All Set, you're good to go!
Overview
Annual compliance for a One Person Company (OPC) in India refers to the set of statutory filings and legal obligations required under the Companies Act, 2013 and Income Tax Act, 1961. Despite being a company with a single owner, OPCs are treated as separate legal entities and must follow specific timelines for ROC filings, financial disclosures, and income tax returns to maintain their active legal status and avoid penalties. These filings are essential to maintain transparency, credibility, and operational continuity.
Benefits For Everyone!
Avoid Legal Penalties and Notices
Failing to file annual compliance forms like AOC-4 and MGT-7A attracts penalties up to ₹100/day/form. Regular compliance keeps your company safe from government notices, late fees, and legal complications.
Maintains Active Legal Status
Staying compliant prevents your OPC from being marked as 'inactive' or 'defaulting' by the ROC. A compliant status ensures business continuity, access to financial instruments, and smooth operations.
Enhances Business Credibility
Vendors, clients, and investors trust businesses that maintain clean records. A compliant OPC builds a strong reputation and can open doors to larger opportunities.
Facilitates Bank Loans and Financial Assistance
Banks often ask for compliance records and audited financial statements when assessing loan applications. Timely ROC and tax filings make it easier to secure funding.
Simplifies Tax Audits and Regulatory Reviews
Keeping your filings updated reduces red flags during scrutiny by tax or government authorities. It also reduces the chances of receiving scrutiny notices or audit queries.
Acts as a Base for Conversion to Private Limited Company
If you're planning to scale and convert your OPC to a Private Limited Company, having a clean compliance history simplifies the transition and quickens approval.
Increases Trust Among Stakeholders
Compliance ensures stakeholders—vendors, employees, partners, and clients—see your OPC as responsible and trustworthy.
Easy Access to Government Incentives
Many Startup India or MSME schemes require past compliance history as part of eligibility. Staying compliant boosts your qualification for grants and subsidies.
Prevents Disqualification of Director
Failure to comply for three continuous financial years can lead to disqualification of the sole director. Staying compliant protects the promoter’s ability to run other companies.
Peace of Mind and Operational Clarity
Timely compliance gives you the freedom to focus on growth instead of fearing penalties, notices, or audits.
Eligibility Criteria
Below are the Eligibility Criteria for Service
Complete
Process
From start to end our team provide you complete guidance and support tailored for your needs.
Maintain Books of Accounts
What Happens
Every OPC must maintain accurate financial records, including ledgers, invoices, receipts, and bank statements.
How Founders First Helps
We help you set up digital bookkeeping systems and prepare records that are audit-ready and CA-approved.
Auditor Appointment (Form ADT-1)
What Happens
Auditor must be appointed within 30 days of incorporation or at the first AGM.
How Founders First Helps
We identify qualified CAs, manage appointment documents, and file ADT-1 on your behalf.
File Financial Statements (Form AOC-4)
What Happens
AOC-4 must be filed within 180 days from the close of financial year.
How Founders First Helps
We prepare and submit the AOC-4 with accurate financial data reviewed by certified professionals.
File Annual Return (Form MGT-7A)
What Happens
MGT-7A is due within 60 days from the completion of AGM or due date.
How Founders First Helps
Our team ensures proper drafting of the Annual Return and timely submission to avoid penalties.
Income Tax Return Filing (ITR-6)
What Happens
Filed by 31st October (with audit) or 31st July (without audit).
How Founders First Helps
We assess tax liabilities, manage audit applicability, and file your ITR accurately.
GST Returns (if applicable)
What Happens
If OPC has GST registration, it must comply with monthly/quarterly return filing.
How Founders First Helps
We track deadlines and file your GST returns with input credit reconciliations.
Why Founders Choose Us!
Must Know !
Technical Terms Explained:
- → ROC (Registrar of Companies): A government authority under the Ministry of Corporate Affairs responsible for administering company regulations.
- → AOC-4: Form used to file financial statements including the balance sheet and P&L.
- → MGT-7A: Form used to file the Annual Return of an OPC with basic company and shareholder details.
- → ADT-1: Form filed for auditor appointment, mandatory for OPCs after the first AGM.
- → ITR-6: Income Tax Return form for companies other than those claiming exemption under Section 11 (charitable/religious trusts).
Common Mistakes to Avoid in OPC Annual Compliance
- 1. Assuming OPCs are exempt from filing: All OPCs must file, even if no transactions occurred.
- 2. Late filing of AOC-4 and MGT-7A: Attracts heavy late fees and legal notices.
- 3. Incorrect or incomplete data in ROC forms: May result in rejections and reputational issues.
- 4. Neglecting GST returns if registered: Can lead to penalties and GSTIN cancellation.
- 5. Not appointing an auditor within deadline: Can invalidate filings.
- 6. Using wrong ITR form: OPCs must file ITR-6, not ITR-4.
- 7. Failure to back up claims with documentation: Always maintain proper supporting records.
MANDATORY COMPLIANCES & PENALTY (Applicable for One Person Company under Companies Act, 2013)
| Compliance to be Done | When is this Compliance to be Done? | Penalty for Non-Compliance |
|---|---|---|
| Issue of Share Certificate | Within 60 days from the date of incorporation or new allotment of shares | Company: ₹25,000 – ₹5,00,000 Director: ₹10,000 – ₹1,00,000 |
| Statutory Registers Maintenance | Must be maintained and updated regularly (Registers of members, charges, loans, etc.) | ₹50,000 – ₹3,00,000 + ₹1,000/day for continuing default |
| Annual Return Filing (Form MGT-7A) | Within 60 days from the date of AGM (AGM to be held within 180 days from F.Y. end for OPC) | ₹100 per day (no maximum limit) + Risk of striking off |
| Filing of Financial Statements (Form AOC-4) | Within 180 days from the end of Financial Year | ₹100 per day (no maximum limit) + Prosecution under Companies Act |
| Income Tax Return Filing (ITR-6) | By 30th September of the Assessment Year (if audited) | Interest under Section 234A/B/C + Penalty u/s 271F |
| Appointment of Auditor (Form ADT-1) | Within 15 days of the AGM or Board Meeting where the appointment is made | ₹25,000 – ₹5,00,000 (Company) + Penalty on Directors |
| Director KYC (DIR-3 KYC) | Before 30th September every year | ₹5,000 per Director (if DIN is deactivated) |
| Board Meeting Compliance (if OPC has more than 1 director) | First meeting within 30 days of incorporation Then, 1 meeting in each half of the calendar year with a gap of at least 90 days | ₹25,000 (Company) ₹5,000 (Director in default) ₹25,000 (If notice not issued) |
| Filing of MSME Form I (If applicable) | April 30 (for Oct–Mar) October 31 (for Apr–Sep) | ₹20,000 – ₹3,00,000 depending on delay and applicable provisions |
| Filing of DPT-3 (If applicable) | By 30th June each year | ₹100 per day of delay + penal action under Section 76A |
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Frequently Asked Questions
Get answers to the most common questions about our services.
Annual compliance refers to mandatory filings required under company and tax laws to maintain your OPC’s legal standing.