OPC Annual Compliance
Simplified ROC Filings for One Person CompaniesUnderstanding Mandatory OPC Compliance
While an **OPC (One Person Company)** benefits from easier incorporation, it still must adhere to mandatory annual compliance under the Companies Act, 2013, by filing returns with the **Registrar of Companies (ROC)**.
OPC compliance is relatively straightforward. Crucially, the mandatory **Annual General Meeting (AGM) requirement is waived** for OPCs, and the deadline for filing forms is usually extended compared to Private Limited Companies.
Key Annual Requirements
- **Mandatory Forms:** AOC-4 & MGT-7A
- **Deadline:** Filing within 180 days from the end of the financial year.
- **AGM:** Annual General Meeting is **not required**.
- **Audit:** Mandatory, irrespective of turnover.
Mandatory OPC ROC Filings Included
Form AOC-4 (Financials)
Filing of the company's Annual Financial Statements (Balance Sheet and P&L Account).
Form MGT-7A (Annual Return)
Simplified annual return specifically for OPCs and small companies, detailing director and nominee information.
Director's KYC (DIR-3 KYC)
Annual verification of the Director's KYC details using Form DIR-3 KYC.
OPC Annual Compliance Package
Ensure your OPC remains active and avoids hefty non-compliance penalties:
OPC Compliance Basic
- ✔ Filing of Form MGT-7A (Annual Return)
- ✔ Filing of Form AOC-4 (Financials)
- ✔ DIR-3 KYC Filing for Director
- ✔ Documentation of Resolutions (as substitute for AGM)
- ✔ Coordination for Statutory Audit