OPC Compliance
OPC Compliance Services in India
Simplify Your One Person Company Compliance
CA India provides OPC compliance services to help business owners manage annual ROC filings, financial statement submissions,
director-related requirements, and applicable tax compliance.
What Is OPC Compliance?
OPC compliance refers to the statutory, financial, and regulatory obligations that apply to a One Person Company under the Companies Act, 2013, and other relevant laws.
Although an OPC has only one member, it remains a separate legal entity and must meet the requirements applicable to its company structure.
- ROC and MCA Compliance
- Accounting and Financial Records
- Income Tax Compliance
- Director and Nominee Compliance
- Event-Based Compliance
- Other Regulatory Requirements
The exact compliance requirements depend on the company’s activities, financial position, registrations, and circumstances.
OPC Compliance Services Offered by CA India
CA India assists One Person Companies with recurring statutory filings and other compliance requirements, based on the services applicable to each business.
Form AOC-4
Financial Statement Filing
Form AOC-4 is used to file a company’s financial statements with the ROC. Our assistance includes organising financial information, preparing filing documents, and coordinating submission and applicable certification requirements.
Form MGT-7A
Annual Return Filing
Form MGT-7A is the abridged annual return for eligible One Person Companies and small companies, covering prescribed details of management, share capital, and other applicable company particulars.
Director
Related Compliance
Get assistance with director appointments, resignations, changes in particulars, and DIN-related KYC filings, based on the applicable forms, deadlines, and MCA requirements.
Nominee-Related Compliance
An OPC must have a nominee under the Companies Act. Changes to the nominee or withdrawal of consent may require prescribed documentation and filings, including Form INC-4 where applicable.
Income Tax Return Filing
An OPC generally files its corporate income tax return using ITR-6. The applicable filing deadline depends on the company’s circumstances and the relevant income-tax provisions.
Accounting and Audit Coordination
Maintain financial records and prepare statutory reports. OPCs are generally subject to statutory audits regardless of turnover, subject to applicable legal provisions and exemptions.
Discuss Your OPC Compliance Requirements
Discuss with us your requirements to suggest best services.
Annual Compliance Requirements and Due Dates for an OPC
An OPC has specific annual filing requirements under the Companies Act, 2013. Unlike other companies, an OPC is not required to hold an AGM. However, this exemption does not remove its annual filing obligations.
Form AOC-4 — Financial Statements
An OPC must generally file its financial statements with the ROC within 180 days of the financial year-end. For a 31 March year-end, the usual deadline is 27 September, subject to applicable rules and extensions.
Form MGT-7A — Annual Return
An eligible OPC files its annual return using Form MGT-7A. The due date depends on applicable MCA provisions for companies not holding an AGM and should be verified for the relevant financial year.
Statutory
Audit
An OPC must generally have its financial statements audited under the Companies Act, 2013. Plan audit preparation and completion to meet applicable annual filing deadlines.
Income Tax
Return
An OPC must file its income tax return under applicable tax laws. The due date depends on audit and reporting requirements and any notified extensions.
Director KYC
Directors must comply with applicable DIN KYC requirements. The required filing method and deadline should be checked against the current MCA rules and the director’s filing status.
Board Decisions and Records
An OPC must maintain statutory records and document decisions as required by law. Special provisions apply to recording business decisions when the OPC has only one director.
Event-Based
Filings
Changes to directors, nominees, the registered office, or other company particulars may require separate filings within prescribed statutory deadlines.
OPC Compliance Process With CA India
Our process helps you identify the requirements applicable to your One Person Company and organise the necessary documents and filings.
Step 1
Review Your OPC Details
Share your CIN, financial year, business activity, and current compliance status.
Step 2
Review Your OPC Details
Review annual ROC filings, tax obligations, director and nominee requirements, and any outstanding compliance matters.
Step 3
Organise the Documents
Collect the financial records, statutory documents, director details, and other information required for the selected services.
Step 4
Prepare the Filings
Prepare the applicable forms and supporting documentation based on the information provided and the relevant statutory requirements.
Step 5
Complete Filing Formalities
Coordinate digital signatures, professional certification, and submission through the relevant MCA or tax portal, as required.
Step 6
Maintain Filing Records
Maintain filing acknowledgements and supporting docs for future reference, & determine the next steps for any outstanding requirements.
Frequently Asked Questions
Is annual compliance mandatory for an OPC?
Yes. An OPC must fulfil the statutory filing, accounting, and reporting obligations applicable to it. These generally include annual ROC filings and income tax compliance.
Does an OPC need to hold an AGM?
No. An OPC is exempt from holding an Annual General Meeting under the Companies Act, 2013. However, it must still meet its annual filing and other applicable statutory requirements.
What are the main annual ROC filings for an OPC?
The main annual ROC filings generally include Form AOC-4 for financial statements and Form MGT-7A for the annual return.
What is the due date for Form AOC-4 for an OPC?
An OPC generally files Form AOC-4 within 180 days from the close of the financial year. For a financial year ending on 31 March, the usual calculated deadline is 27 September, subject to applicable extensions and requirements.
What is Form MGT-7A?
Form MGT-7A is the abridged annual return form used by eligible OPCs and small companies. The applicable deadline should be confirmed under the current MCA requirements for the relevant financial year.
Is an audit compulsory for an OPC?
An OPC is generally subject to statutory audit under the Companies Act, 2013. Income-tax audit is a separate requirement and depends on the applicable tax provisions and the company’s circumstances.
Does an OPC with no business activity still need to file returns?
An OPC may still have annual filing and income tax return obligations even if it has no revenue or business activity. The applicable requirements depend on its circumstances and the relevant legal provisions.
What happens if an OPC misses its ROC filing deadline?
Delayed filings may attract additional filing fees, penalties, or other consequences under applicable law. The appropriate action depends on the filing involved, the length of the delay, and any available relief or scheme.
Can an OPC change its nominee?
Yes. Nominee changes must follow the applicable legal procedure and documentation requirements. The relevant filing may include Form INC-4, depending on the circumstances.
Can an OPC be converted into a Private Limited Company?
An OPC may voluntarily convert into another eligible company structure by following the applicable legal procedure. The requirements depend on the proposed structure and the company’s circumstances.