Get Instant Quote
Get Instant Quote
One Person Company Annual Compliance
3 Step Assistance Process
Get Started
Submit your details in minutes
Speak to an Expert
Get guidance for your business
Get Your Documents
Issued after approval
Get Started
Submit your details in minutes
Speak to an Expert
Get guidance for your business
Get Your Documents
Issued after approval
Overview of OPC Annual Compliance Assistance
Annual compliance for a One Person Company (OPC) in India includes several statutory filings and documentation requirements as prescribed under applicable laws. We provide assistance in understanding these requirements, preparing documents, and guiding you through the filing process. Our role is to support you in completing the necessary procedures accurately and on time to help maintain regulatory compliance.
How Our Assistance Helps Your Business
Helps You Stay Informed About Compliance Requirements
We help you understand applicable filings and deadlines, which can help reduce the risk of late fees or notices.
Helps You Maintain Active Compliance Status
Staying up to date with required filings helps support ongoing business operations and financial activities. We guide you through the documentation and filing process.
Supports Professional Documentation & Record-Keeping
Maintaining proper records and filings can improve credibility with stakeholders. We help you organise and prepare necessary documents..
Helps You Prepare Documents for Financial Applications
Having proper documentation may support financial applications. We assist in preparing compliance-related documents often requested by financial institutions.
Guidance During Reviews & Audits
Proper documentation can help you respond effectively to regulatory queries. We assist in maintaining organised compliance records.
Support for Future Business Transitions
If you plan to convert your OPC in the future, organised compliance records may help streamline the transition process.
Supports Better Stakeholder Communication
Keeping your compliance records updated may help strengthen stakeholder confidence.
Guidance on Eligibility for Schemes & Incentives
Certain schemes may require documented compliance history. We help you understand eligibility and required documentation.
Helps You Stay Aware of Regulatory Requirements
We help you stay informed about applicable timelines and documentation requirements to reduce the risk of non-compliance.
Supports Smoother Business Operations
Staying organised with filings may help reduce administrative burden. We support you with documentation and procedural guidance.
Who May Need OPC Compliance Assistance
The following are general eligibility requirements
Our Step-by-Step
Assistance Process
We provide guidance and support to help you understand and complete the applicable compliance procedures.
Maintain Books of Accounts
What Happens
OPCs may be required to maintain financial records such as ledgers, invoices, and bank statements. We help you organise records and set up systems to support accurate bookkeeping and audit readiness.
Auditor Appointment Support (Form ADT-1)
What Happens
If auditor appointment is applicable, we help identify qualified professionals and assist with preparing and submitting required documentation.
Financial Statement Filing Support (Form AOC-4)
What Happens
We assist in preparing financial documents and supporting the submission process where applicable.
Annual Return Assistance (Form MGT-7A)
What Happens
We support you with documentation and filing preparation for annual returns to help you stay on schedule.
Income Tax Return Assistance (ITR-6)
What Happens
We help you understand tax filing requirements, organise documents, and support the filing process.
GST Filing Assistance (If Applicable)
What Happens
If your OPC has GST registration, we help you understand applicable return requirements and support the filing process.
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 |
Start Your Company
Registration Process
Registering your company shouldn't be overwhelming. Founders First provides assistance with company registration, helping you through documentation and application processes.
Submit Your Details to Get Started
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.