Annual Compliances of One Person Company (OPC)

Annual compliances of OPC include filing AOC-4, MGT-7A, maintaining books, conducting audit, and annual returns.
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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.

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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 Disclosure of director’s interest in other entities by every director in the first Board Meeting of each financial year. Fresh MBP-1 is required whenever there is any change in director’s interest.
First Board Meeting — The first meeting of the Board of Directors must be held within 30 days of incorporation. Notice of the Board Meeting must be sent to every director at least 7 days before the meeting.
Commencement of Business INC-20A Every company is required to file Form INC-20A within 180 days from the date of incorporation by opening a bank account and depositing the paid-up share capital. Failure attracts a penalty of ₹50,000 on the company and ₹1,000 per day on officers in default, subject to a maximum of ₹1,00,000.
Rule 12A DIR-3 All directors of the company shall file DIR-3 on or before 30th September every year.
Section 405 MSME-1 Half-yearly filing for pending payments to MSME vendors.
April–September: On or before 30th October
October–March: On or before 30th April
Section 73, Rule 16 DPT-3 To be filed every year on or before 30th June for return of deposits and particulars not considered as deposits as on 31st March.
Section 139 ADT-1 Auditor to be appointed for 5 years by filing Form ADT-1 within 15 days of the Annual General Meeting.
Section 92 MGT-7 OPC to file its annual return within 180 days from the closure of the financial year.
Section 137 AOC-4 Filing of Balance Sheet along with Statement of Profit & Loss, Director’s Report and Auditor’s Report within 180 days from the closure of the financial year.