In India, One Person Companies (OPC) are governed by the Companies Act, 2013. An OPC is a separate legal entity, offering limited liability protection to its sole shareholder. Similar to other companies, an OPC must comply with ROC annual filing requirements at the end of the financial year.
For a newly incorporated OPC, the first annual return must be filed within 18 months from the date of incorporation to meet ROC compliance.
To ensure successful OPC annual return filing, certain forms must be completed and submitted.
JustStart offers expert assistance in filing these essential forms, ensuring full compliance with ROC regulations.
This critical form includes financial details such as the profit & loss account, balance sheet, and compliance certificate. It also covers information about shareholding, debt, and the company’s management.
Form MGT 7 requires details on the OPC’s shareholding structure, directorship changes, and share transfers.
Used for the appointment of an auditor, this form must be filed by 14th October each year.
At JustStart, our legal consultants ensure all forms are accurately completed and filed on time, ensuring seamless OPC compliance.
At JustStart, we provide effective legal solutions to ensure ROC compliance for One Person Companies (OPC) in India.
Our team of legal experts offers guidance, ensuring your annual return filing is timely and accurate.
Our experienced legal consultants guide you through the intricacies of OPC filing requirements, ensuring you meet all regulatory deadlines.
We simplify the OPC annual return filing process, saving you time and effort while ensuring compliance.
We ensure that all forms are filed on time, avoiding penalties and keeping your OPC in good standing with the Registrar of Companies.
Our team provides ongoing support, answering all your questions and offering expert advice on OPC compliance and filing requirements.
We offer affordable services, providing high-quality legal assistance at competitive prices to ensure you stay compliant without breaking the bank.
Annual compliance requirements for a One Person Company (OPC) include submitting annual returns, financial statements, and tax returns. Additionally, the OPC must hold an Annual General Meeting (AGM) within six months after the end of the financial year.
Form AOC 4: Contains financial details like the profit & loss account, balance sheet, and compliance certificate.
Form MGT 7: Provides information on the OPC’s shareholding structure, directorship changes, and share transfers.
Form ADT 1: Used for the appointment of an auditor; must be filed by 14th October each year.
An OPC is not required to hold an AGM. However, it must record resolutions for matters typically addressed in an AGM, such as the adoption of annual accounts and appointment of auditors, in the minutes book.
Delays in filing can result in a penalty of ₹100 per day until the filing is completed, with no maximum limit. Continuous non-compliance may lead to additional penalties, including fines and imprisonment for both the company and its directors.
The government fees for annual compliance of an OPC typically range from INR 1500 to 2500. Any applicable penalties will be charged in addition to these fees.
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