Expert Guidance on OPC Annual Compliance

A One Person Company (OPC), introduced under the Companies Act, 2013, is a unique business structure that allows a single individual to incorporate and manage a private limited company. While offering flexibility and sole ownership benefits, an OPC is considered a separate legal entity and is subject to compliance requirements similar to a private limited company.

To maintain active legal status and avoid penalties, an OPC must fulfill mandatory annual compliance obligations prescribed by the Ministry of Corporate Affairs (MCA), Income Tax Department, and other authorities.

At Taxation Point India, we provide end-to-end professional support to ensure your OPC remains fully compliant with all statutory requirements—timely, accurate, and stress-free.

Compliance Requirements for OPC

• Form AOC-4: Filing of audited financial statements within 180 days of financial year end.
• Form MGT-7A: Annual return filing within 60 days of financial statement signing.
• Income Tax Return (ITR-6): Filing of annual income tax return, irrespective of turnover.
• GST Returns (if applicable): Monthly/quarterly filings and annual GST return.
• DIR-3 KYC: Annual DIN KYC filing by the director.

Importance of OPC Annual Compliance

• Avoids penalties & litigation.
• Ensures smooth banking and investor relations.
• Keeps the company’s active & legal status intact.
• Builds financial credibility for loans and expansion.
• Creates accurate business records for future growth.

OPC Compliance Checklist

• INC-20A: Declaration of commencement of business (within 180 days).
• INC-22: Registered office filing (if not given in incorporation).
• Auditor Appointment (ADT-1): Mandatory within 30 days of incorporation.
• AOC-4: Filing of audited financial statements.
• MGT-7A: Annual return filing within 60 days.
• MBP-1: Director’s disclosure of interest.
• DIR-8: Director’s non-disqualification declaration.
• DIR-3 KYC: DIN KYC filing by September 30 each year.
• MSME-I: Half-yearly return for dues > 45 days to MSMEs.
• DPT-3: Annual return of deposits/outstanding loans by June 30.
• Maintenance of Registers & Minutes: Records of members, directors, and meetings.
• Income Tax Filing: Annual return (audit if turnover exceeds limits).
• GST Compliance: Monthly/quarterly returns and annual return (if registered).

OPC Compliance Calendar

• INC-20A: Commencement of Business – within 180 days of incorporation.
• ADT-1: Auditor Appointment – within 15 days of appointment.
• AOC-4: Financial Statement – within 180 days of FY end.
• MGT-7A: Annual Return – within 60 days of financial statement signing.
• DIR-3 KYC: Director KYC – 30th September.
• MSME-I: 30th April & 31st October.
• DPT-3: 30th June every year.
• ITR-6: 31st October (non-audit) / 30th September (audit cases).

Penalties for Non-Compliance

Failure to comply with OPC compliance requirements can attract heavy penalties. ₹100 per day applies for delayed RoC filings (AOC-4/MGT-7A), along with possible strike-off of the company and disqualification of the director in case of persistent non-compliance.

Exemptions Available to OPC

• No requirement to hold AGM.
• Only one Board Meeting per half-year (if more than one director).
• Simplified Board’s Report.
• Exemption from Cash Flow Statement preparation.
• Exemption from CARO applicability.

Documents Required for OPC Compliance

• Sales & purchase invoices.
• Expense bills & vouchers.
• Bank statements (for full financial year).
• GST returns (if applicable).
• TDS returns & challans.
• Audited financials – Balance Sheet, P&L, Audit Report.
• Director’s KYC (PAN, DIN, Aadhaar).
• Shareholder/member details.

How Taxation Point India Helps

• Dedicated Compliance Manager: One-stop contact for all OPC needs.
• Complete Documentation & Filings: Preparation & submission of AOC-4, MGT-7A, DIR-3 KYC, DPT-3, MSME-I, and ITR.
• Timely Alerts: Never miss deadlines with proactive reminders.
• Audit & Accounting Support: From bookkeeping to statutory audit.
• End-to-End Services: Tax, GST, RoC, and secretarial compliance under one roof.

Why Choose Taxation Point India?

With Taxation Point India, your OPC compliance is in safe hands. Our team of Chartered Accountants, Company Secretaries, and Tax Experts ensures accuracy, timeliness, and hassle-free compliance management.

✅ Get started with Taxation Point India today and make OPC compliance simple, accurate, and penalty-free!