OPC Compliance – Stay
Compliant, AvoidPenalties & Grow Legally

A One Person Company (OPC) must fulfill annual compliance requirements under the Companies Act, 2013 to maintain legal status and avoid penalties. Timely filings of forms like AOC-4 and MGT-7A, income tax returns, and other statutory obligations are essential. Ensure smooth operations, build credibility with stakeholders, and safeguard your business from legal risks with proper OPC compliance. Let Udyog Suvidha Kendra help you manage it all—stress-free.

OPC Compliance

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OPC Compliance

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What is OPC Annual Compliance?

OPC (One Person Company) Annual Compliance refers to the set of legal filings and documentation that an OPC must submit to the Ministry of Corporate Affairs (MCA) every financial year. Despite having only one director/shareholder, OPCs are treated as private companies under the Companies Act, 2013, and must follow all applicable statutory norms.

1

Legal Requirements Under Companies Act

According to the Companies Act of 2013, an OPC must comply with the following annual requirements:

  • Filing of MGT-7A: Annual return for OPCs containing corporate structure details.
  • Filing of AOC-4: Financial statements and supporting document proofs.
  • Income Tax Return: The Annual ITR must be filed with the Income Tax Department.
  • Maintenance of Statutory Registers: As per MCA norms, certain records must be updated regularly.
  • Board Meeting: At least one board meeting in a financial year is mandatory.
OPC Legal Compliance
2

Importance of Timely Compliance for OPCs

Filing your annual compliance on time ensures:

  • Legal recognition and active status of your company.
  • Avoidance of penalties and disqualification of the director.
  • Improved reputation and trust among customers, banks, and government agencies.
  • Continued eligibility for credit and investment opportunities.
  • Easier expansion, conversion to a private limited company, or fundraising in the future.
OPC Compliance Importance

Who Needs to File OPC Compliance?

Whether you’ve just incorporated or have been running your OPC for years, compliance is mandatory under the Companies Act, 2013. Filing annual returns and financial reports is essential—even if there’s no business activity.

Applicability for Active OPCs

  • All active One Person Companies must file their annual returns (Form MGT-7A) and financial statements (Form AOC-4) each financial year.
  • Compliance is required even if the company has zero turnover or limited activity.
  • Failing to comply can lead to penalties and legal consequences.
Active OPCs Compliance

Rules for Newly Incorporated OPCs

  • If your OPC was recently registered, you still need to meet several initial compliance requirements:
  • ● Conduct the first board meeting within 180 days of incorporation.
  • ● File Form INC-20A to announce the start of business.
  • ● Submit annual returns and financial statements based on your incorporation date.
  • These filings establish the legitimacy of your company and keep your records up to date with the Ministry of Corporate Affairs (MCA).
New OPC Compliance Rules

Compliance for Dormant or Non-Operational OPCs

  • Even if your OPC is dormant or hasn’t started operations yet, compliance obligations still apply.
  • You must file the required paperwork and returns on a yearly basis.
  • Not doing so can attract penalties, director disqualification, and possible removal of the company from the ROC register.
Dormant OPC Compliance

Essential OPC Compliances You Must Follow

Under the Companies Act of 2013, one-person companies (OPCs) are required to meet a number of annual compliance criteria. Timely filing not only ensures legal standing but also builds credibility and investor confidence. Below are the key compliances every OPC must follow:

Form AOC-4 (Financial Statements Filing)

● Every OPC must file its audited financial statements with the Ministry of Corporate Affairs (MCA) through Form AOC-4 within 180 days from the end of the financial year.

Form AOC-4 (Financial Statements Filing)
Form MGT-7A (Annual Return Filing)

Form MGT-7A (Annual Return Filing)

● OPCs are required to file their Annual Return in Form MGT-7A, a simplified version of MGT-7, which must be signed digitally by a Company Secretary or director.

Form MGT-7A (Annual Return Filing)

DIR-3 KYC (Director KYC Compliance)

● The sole director of an OPC must file DIR-3 KYC annually to keep their DIN (Director Identification Number) active and avoid penalties or disqualification.

DIR-3 KYC (Director KYC Compliance)
Form INC-20A (Commencement of Business)

Form INC-20A (Commencement of Business)

● Newly incorporated OPCs must file Form INC-20A within 180 days of incorporation to proclaim the start of operation, along with documentation of capital infusion.

Form INC-20A (Commencement of Business)

Income Tax Return Filing

● An OPC must file its ITR under ITR-6, regardless of income or turnover.
● The due date is typically 31st October, unless extended by the Income Tax Department.

Income Tax Return Filing
Audit of Accounts

Audit of Accounts

● If the turnover of the OPC exceeds the specified limits, the company must get its accounts audited by a Chartered Accountant and comply with audit report filing.

Audit of Accounts

Other Compliances (If Applicable)

● Depending on the business nature, an OPC may also have to comply with GST returns, TDS filings, PF/ESI regulations, and professional tax, if applicable.

Other Compliances (If Applicable)

Documents Required for OPC Compliance Filing

To ensure smooth and error-free OPC annual and event-based compliance filing, the following documents are typically required:

1. PAN Card of the Company

Mandatory for income tax return filing and general verification during MCA compliance.

2. Certificate of Incorporation

Issued by the MCA, it acts as legal proof of your company’s existence and is needed for ROC filings.

3. Memorandum of Association (MOA) and Articles of Association (AOA)

These documents define the company’s constitution and governance framework, necessary for verifying key compliance requirements.

4. Financial Statements (Balance Sheet & Profit & Loss A/C)

Must be prepared and audited by a Chartered Accountant and attached while filing Form AOC-4.

5. Audit Report & Board Report

Provided by a practicing CA, these are essential for financial transparency and are submitted with the annual filing.

6. Details of Shareholder & Director

Basic identification details and DIN/PAN of the sole member and director for MGT-7A and DIR-3 KYC compliance.

7. Bank Statements & Vouchers

Required for accounting, audit, and accurate reporting in financial statements.

If you need help organizing or filing these documents, Udyog Suvidha Kendra offers complete documentation and filing assistance to ensure your OPC stays compliant and penalty-free.

Step-by-Step Process for OPC Compliance

Understanding the OPC compliance process helps ensure legal adherence and avoids penalties. Here's a simple step-by-step guide:

1

Maintain Proper Financial Records

  • Maintain updated books of accounts including all income, expenses, assets, and liabilities throughout the financial year.
2

Prepare Financial Statements

  • At the end of the financial year, prepare key financial documents—Balance Sheet, Profit & Loss Statement, and Notes to Accounts.
3

Get Financials Audited by a Chartered Accountant

  • It is mandatory for OPCs to get their financial statements audited, even if there's only one shareholder or director.
4

File AOC-4 (Financial Statements)

  • Within 180 days from the end of the financial year, submit Form AOC-4 to the Registrar of Companies (ROC) with audited statements.
5

File MGT-7A (Annual Return)

  • Form MGT-7A must be filed within 60 days from the date of AGM or due date. It includes basic company and compliance details.
6

DIR-3 KYC for Director

  • Every director must file DIR-3 KYC annually to validate their DIN details and avoid deactivation.
7

Income Tax Return Filing

  • File ITR under the applicable form based on income. The due date is generally July 31st (non-audit cases) or October 31st (if audit is applicable).

OPC Compliance Due Dates & Penalties

Staying updated with annual compliance deadlines is essential for One Person Companies (OPCs). Missing these deadlines may result in penalties and significant legal difficulties.

Important Annual Filing Deadlines

  • ● Form AOC-4 (Financial Statements): Must be filed within 180 days after the end of the fiscal year (usually by September 27th if fiscal year ends on March 31st).
  • ● Form MGT-7A (Annual Return): Due within 60 days from the date of AGM or prescribed due date (generally 28th November).
  • ● Income Tax Return (ITR):
    • ○ If audit is not required, file before July 31st.
    • ○ If audit required: File by 31st October.
  • ● DIR-3 KYC: To be filed annually by 30th September.

Note: Due dates may slightly vary each year as per MCA and IT department notifications.

Penalties for Late Filing or Non-Compliance

  • ● Late Filing Fee: ₹100 per day per form under MCA until the date of actual filing—no cap on the penalty amount.
  • ● Additional Penalties: ROC may impose further penalties ranging from ₹50,000 to ₹5,00,000 for continued non-compliance.
  • ● DIN Deactivation: Directors who fail to file DIR-3 KYC may face deactivation of their DIN until proper filing is done.
  • ● Legal Action: In extreme cases, non-compliance may lead to disqualification of the director and company strike-off.

Maintaining timely OPC compliance is not just a legal obligation but also builds trust and credibility for future growth and funding opportunities.

Why Choose Udyog Suvidha Kendra for OPC Compliance?

1

Expert CA-Verified Filings

All filings are reviewed and verified by qualified Chartered Accountants to ensure 100% accuracy and legal compliance with MCA and Income Tax Department guidelines.

2

End-to-End Documentation Support

From collecting financial statements to preparing necessary forms and filing with the ROC, we handle the complete process so you don’t miss any compliance obligations.

3

Affordable & Transparent Pricing

We provide affordable and effective compliance packages with no hidden costs. Get quality service, professional support, and timely updates—at pricing that suits startups and growing businesses.

OPC Compliance FAQs

1. What is OPC compliance?
OPC compliance refers to the set of annual legal and financial filings that a One Person Company must submit to the Registrar of Companies (ROC) under the Companies Act, 2013. These filings include annual returns, financial statements, and income tax returns.
Annual compliance ensures legal validity, financial transparency, and avoids penalties or disqualification by the MCA.
Important annual compliances for OPCs include: Form AOC-4 (financial statements), Form MGT-7A (annual return), Income Tax Return Filing, and DIR-3 KYC for directors.
The sole director or a professional service provider is responsible for ensuring timely OPC compliance. Many companies prefer hiring experts like Udyog Suvidha Kendra for hassle-free filing and expert accuracy.
Form AOC-4 must be filed within 180 days from the end of the financial year. For example, if the financial year ends on March 31, the due date will be around September 27.
Form MGT-7A (annual return) must be filed within 60 days from the date of AGM, or if no AGM is held, from the end of the financial year.
No, OPCs are exempt from conducting AGMs. However, they are still required to submit annual compliance filings like financial statements and annual returns within deadlines.
Failure to comply can lead to penalties starting from ₹100 per day per form with no upper limit. Continuous non-compliance may also result in legal consequences and disqualification of the director.
While technically possible, it’s risky to do it without professional knowledge. Incorrect filing may lead to penalties. It’s safer and more efficient to use expert services like Udyog Suvidha Kendra.
Yes, if the OPC has a turnover of over ₹2 crores or a paid-up share capital of over ₹50 lakhs, a statutory audit by a Chartered Accountant becomes mandatory.
DIR-3 KYC is a form that must be filed annually by the OPC director to update their personal and contact details with the MCA. Non-filing can deactivate the DIN.
The cost varies depending on the service provider and complexity of financials. At Udyog Suvidha Kendra, we offer affordable and transparent pricing suitable for startups and small businesses.
Yes, if your OPC is registered under GST or deducts TDS, then monthly/quarterly GST and TDS returns are part of statutory compliance along with ROC and income tax filings.
Yes, even dormant or non-operational OPCs must complete annual compliance unless formally struck off or converted. Failure can lead to penalties and disqualification of the director.
We offer end-to-end expert support, CA-reviewed filings, timely reminders, and affordable pricing. Our team ensures you stay compliant with zero errors and no legal stress.