Annual Compliance for One Person Company (OPC)
A One Person Company (OPC) offers the advantages of a corporate structure with sole ownership. However, despite having a single shareholder, an OPC is required to comply with various statutory and regulatory requirements under the Companies Act, 2013 and Income Tax Act, 1961. Timely completion of OPC annual compliances is essential to avoid penalties, maintain active company status, and ensure smooth business operations.
Transparent Packages
Complete OPC Annual Compliance.
- Statutory Audit Coordination
- Financial Statement (AOC-4) Preparation
- Annual Return (MGT-7A) Filing
- ITR-6 Support
- MCA & Tax Filings
FilingHUB provides end-to-end support for OPC compliance, helping entrepreneurs stay compliant without the burden of complex paperwork and deadlines. 👉 Get started with OPC compliance through FilingHUB today.
OPC Compliance Requirements in India
An OPC is a separate legal entity, and the responsibility of compliance lies with its sole director and shareholder. The key annual compliances for an OPC include:
• Maintenance of books of accounts
• Filing of financial statements
• Filing of annual return
• Income tax return filing
• Tax audit (if applicable)
• Statutory audit
Regular compliance ensures transparency, credibility, and uninterrupted legal existence of the OPC.
**Maintenance of Books of Accounts**
Every OPC must maintain proper books of accounts reflecting:
• All business transactions
• Income and expenditure
• Assets and liabilities
• Financial position of the company
These records must be preserved at the registered office and are essential for audits and statutory filings.
Annual Filings & Calendar
Statutory Audit Compliance
- Unlike LLPs, statutory audit is mandatory for OPCs (irrespective of turnover)
- Appointment of Chartered Accountant as auditor
- Audit report to be filed with ROC
Financial Statements – Form AOC-4
- Contents: Balance Sheet, Profit & Loss, Auditor Report, Notes
- Due Date: Within 180 days from financial year end
- Note: OPCs are exempt from holding AGMs
Annual Return – Form MGT-7A
- Contents: Shareholding, Director details, Registered office
- Due Date: Within 60 days from AOC-4 filing date
Tax Filings (ITR & Tax Audit)
- ITR-6 Due Date: 31st October (if audit applicable) / 31st July (if not)
- Tax Audit: Required if turnover > ₹1Cr (or ₹10Cr permissible limit)
- Tax Audit Report Due: 30th September
OPC Annual Compliance Calendar
Financial Statements (AOC-4)
Due: Within 180 days from FY end | Authority: ROC
Annual Return (MGT-7A)
Due: Within 60 days of AOC-4 | Authority: ROC
Tax Audit Report
Due: 30th September | Authority: Income Tax Dept
Income Tax Return (ITR-6)
Due: 31st July / 31st October | Authority: Income Tax Dept
Penalties for Non-Compliance
Consequences of Non-Filing
- Late fees and additional penalties
- Disqualification of director
- Company being marked as inactive
- Legal notices from ROC or Income Tax Department
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Key Features of a OPC Compliance
Statutory Audit
Mandatory audit by CA yearly.
Form AOC-4
Audited financial statements (180 days).
Form MGT-7A
Annual Return (60 days from AOC-4).
ITR-6 Filing
Income Tax Return for OPC.
Tax Audit
If turnover > ₹1Cr (or ₹10Cr w/ minimal cash).
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