Shweta Saboo & Co.

OPC (One Person Company) Compliance

A One Person Company (OPC) offers the benefits of a corporate structure to solo entrepreneurs, but it also comes with statutory compliance responsibilities under the Companies Act, 2013.

Despite having only one shareholder, an OPC must file annual returns, maintain proper books of accounts, and ensure ROC and tax compliance to avoid penalties and disqualification.

Our OPC Compliance services ensure timely and accurate filings, maintaining your company's active status and enhancing credibility with banks, investors, and regulatory authorities.

Whether you're running a consultancy, tech startup, or trading business, we help you manage all your OPC compliances seamlessly — so you can focus on growing your business.

Key Features

Annual ROC Filings

Preparation and filing of AOC-4 and MGT-7A for OPCs to fulfill annual ROC compliance requirements.

Board Meeting Documentation

Assistance in maintaining board resolutions and statutory registers even though OPCs are exempt from AGM requirements.

Director KYC (DIR-3 KYC)

Filing DIR-3 KYC or DIR-3 KYC Web forms annually to keep Director Identification Number (DIN) active.

Income Tax Return Filing

Filing of corporate ITR (Form ITR-6) for OPCs whether profit-generating or non-operational.

Event-Based Compliance

Filing forms for director appointments, registered office changes, capital increases, and other event-based requirements.

Maintenance of Books

Support in maintaining proper books of accounts including balance sheet, P&L accounts, and ledgers as per Companies Act.

Compliance Calendar Management

Automated reminders and compliance schedules to ensure timely filings and avoid last-minute penalties.

Penalty Avoidance

Systematic compliance handling to avoid late fees, ROC penalties, and notices under Companies Act, 2013.

Information Checklist

The following information and documents are usually needed for OPC compliance:

Basic Company Information:

Certificate of Incorporation
PAN and TAN of Company
Director's PAN and Aadhaar
Memorandum & Articles of Association (MOA & AOA)

Financial Information:

Profit & Loss Statement
Balance Sheet
Bank Statements
Details of Loans, Advances, and Fixed Assets

Taxation Details:

GST Returns (if applicable)
TDS Returns (if applicable)
Form 26AS (Tax Credit Statement)

Event-Based Changes (if any):

Board Resolutions for director change or address change
Proof of address change (utility bills, NOC)
Shareholding or Capital Alteration Documents

FAQs

What are the annual compliances for an OPC?

The main annual compliances include filing AOC-4 (financial statements), MGT-7A (annual return), director KYC (DIR-3 KYC), and corporate tax return (ITR-6).

Is it mandatory for OPCs to hold an AGM?

No, One Person Companies are exempted from holding Annual General Meetings (AGM) under the Companies Act, 2013.

When should OPCs file their ROC annual returns?

OPCs must file Form AOC-4 within 180 days from the end of the financial year and MGT-7A within 60 days from filing AOC-4.

What is the penalty for non-compliance in OPC filings?

Late filing attracts a penalty of ₹100 per day per form, along with additional penalties under Companies Act provisions if non-compliance continues.

Does an OPC require an auditor?

Yes, even an OPC must appoint an auditor within 30 days of incorporation and conduct statutory audits every year, irrespective of turnover.

Is it mandatory for OPCs to file income tax returns?

Yes, OPCs must file ITR-6 annually under the Income Tax Act, even if there is no income or the company is in loss.

Can an OPC be converted into a private limited company?

Yes, an OPC can voluntarily convert into a private limited company or must compulsorily convert if its paid-up capital exceeds ₹50 lakh or turnover exceeds ₹2 crore.

What is DIR-3 KYC and who needs to file it?

DIR-3 KYC is the director KYC filing required annually for directors holding a valid DIN. Non-filing leads to DIN deactivation.

Is GST registration mandatory for OPCs?

GST registration is mandatory only if the OPC's turnover exceeds ₹40 lakh (goods) or ₹20 lakh (services), or if interstate transactions are involved.

Can you handle both ROC compliance and tax filing for OPCs?

Yes, we offer comprehensive packages covering ROC compliances, statutory audits, income tax returns, and GST filings (if applicable) for OPCs.