Annual Compliances of One Person Company (OPC)
One Person Company (OPC) as the name suggests the answer itself- It is a company commence with only one member. OPC Registration is ideal for a business person who is willing to start a venture alone. Before stepping into the world of companies it is important for you to have a little overview of what an OPC Company is.
Basic Compliances of One Person Company (OPC)
| SECTION & RULES | FORMS | PARTICULARS |
| 164(2), 143(3)(g) | DIR-8 | Disclosure of non-disqualification in each financial year by every director. |
| 184(1) | MBP-1 | By every Director at each financial year for disclosure of director interest in other entity in the First Meeting of the Board of DirectorFresh MBP-1 is required to be submitted whenever there is a change in director interest from the earlier. |
| First Board Meeting | First Board Meeting | The First Meeting of the Board of Directors is required to be held within 30 days of the Incorporation of the Company. Notice of BM must be sent to every director at least 7 days before the meeting. |
| Commencement of Business | INC-20 | Every Company is required to file Form INC-20A within 180days from the date of commencement of business by opening a bank account with an amount of the paid-up share capital of the company failing which the company shall be liable for a penalty of Rs.50,000 and every officer in default shall be liable for a penalty of Rs.1,000 per day which may extend to Rs. 1,00,000. |
| Rule 12A | DIR-3 | All the Directors of the company shall file DIR-3 on or before 30th September every year. |
| Section 405 | MSME-1 | Company to file MSME-1, half-yearly in respect of pending payments to MSME vendors at end of half-year. April to Sep: 30th OctoberOctober to March: 30th April. |
| Section 73,Rule 16 | DPT-3 | To be filed every year on or before 30 June in respect of return of Deposit and particulars not considered Deposits as on 31st March. |
| Section 139 | ADT-1 | The auditor will be appointed for 5 years in form ADT-1 within 15days of the Annual General Meeting. |
| Section 92 | MGT-7 | OPC fills its annual return within 180 days from the closure of the financial year. |
| Section 137 | AOC-4 | The company is required to file its Balance sheet along with Statement of Profit and Loss Account, Director Report, and Auditor report within 180 days from the closure of the financial year. |
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