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OPC Compliance

A One-Person Company (OPC) is a business owned and managed by a single person, following the same rules as a Private Limited Company. OPCs must meet annual compliance requirements to stay legally compliant.
At Vyapaar Registration, we help OPCs with timely filings and legal obligations to ensure smooth operations. Our team is ready to assist with all your OPC compliance needs. Contact us today!

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OPC Compliance

A One-Person Company (OPC) has to fulfill specific legal obligations to stay compliant and active. Every year, OPCs must file annual returns and audited financial statements with the Ministry of Corporate Affairs (MCA), regardless of their turnover. These filings report the company’s financial status and activities.
Non-compliance can lead to penalties, removal of the company's name from the register, and disqualification of directors. At Vyapaar Registration, we understand the complexities of OPC compliance and offer expert assistance to help you meet all requirements on time, avoiding penalties and legal complications.
Stay compliant and keep your OPC in good standing with our support!

Advantages of OPC Compliance - Vyapaar Registration

Regular OPC compliance offers many benefits, including legal protections and smoother business operations. Here’s
how staying compliant helps your business:

  • Easier Fundraising

Compliant OPCs build trust with investors, making it easier to secure financial support.

  • Keeps Your Company Active

Timely filings ensure your OPC stays in good standing with the authorities.

  • Accurate Information

Annual compliance ensures your company data is up-to-date and accurate.

  • Avoids Penalties

Proper compliance helps you avoid costly fines and penalties for non-compliance.

Key OPC Annual Compliance Requirements

Compliance Requirement Details Deadline Penalty for Non-Compliance
Annual General Meeting (AGM) OPCs must hold an AGM within six months from the end of the financial year, even if only one director exists. Within 6 months from the end of FY Delay can lead to penalties.
Financial Statement Filing OPCs must prepare and file financial statements (balance sheet, profit & loss, cash flow) with the ROC. Within 30 days of AGM INR 100/day for delay.
Income Tax Return (ITR) Filing OPCs must file their income tax return each year. By July 31st (or September 30th if a tax audit is needed) Late fee and penalties apply.
Annual Return Filing OPCs must file Form MGT-7 for the annual return with the MCA. Within 60 days of AGM INR 200/day penalty for delay.
Statutory Audit OPCs must conduct a statutory audit with a Chartered Accountant. Before filing financial statements Penalty for non-compliance.
Board Meeting OPCs must conduct at least one board meeting annually. At least every 90 days apart Penalties apply for default.
Appointment of Auditor OPCs need to appoint an auditor (Chartered Accountant) for statutory audit. Before the first AGM Penalties if not done.
Form DIR-3 KYC OPC directors must submit their KYC details via Form DIR-3 KYC. By September 30th (for the preceding financial year) INR 5,000 for late filing.
Form DPT-3 Filing Filing Return of Deposits through Form DPT-3. Before June 30th Penalty for delay.
Statutory Registers OPCs must maintain statutory registers (e.g., member’s register, director’s register). Ongoing Penalties for defaults.
GST Filing OPCs registered under GST must file GST returns based on their turnover. Monthly or Quarterly (based on turnover) Late fees and penalties apply.

Documents Required for OPC Annual Compliance

Document Details
Receipts of Purchases and Sales Invoices and receipts for all purchases and sales made during the financial year.
Bank Statements Bank statements for all company accounts from April 1st to March 31st.
GST Returns Details of GST returns filed, if applicable.
TDS Challans and Returns Details of TDS challans deposited and TDS returns filed, if applicable.
Balance Sheet The balance sheet outlining the company's assets, liabilities, and equity.
Profit & Loss Account A statement showing the company's income, expenses, and profit or loss.
Financial Statements Complete financial statements, including the balance sheet and profit & loss statement.
Director's Report Report prepared by the director outlining the financial performance and operations of the OPC.
Member/Shareholder Details Information about the OPC's member or shareholder, even though it is a one-person company.
Director Details Information about the director(s), including identification and contact details.

OPC Annual Filing Compliance Calendar

Form Type Description Due Date To be Filed With
AGM Conducting Annual General Meeting (AGM) Within 6 months from the end of the financial year Ministry of Corporate Affairs (MCA)
Form MGT-7 Filing of Annual Return Within 60 days from the date of AGM Ministry of Corporate Affairs (MCA)
Form AOC-4 Filing of Financial Statements Within 180 days from the end of the financial year Ministry of Corporate Affairs (MCA)
Income Tax Return (ITR-5) Filing Income Tax Return By 31st July (or 30th September if tax audit applies) Income Tax Department
Form DIR-3 KYC KYC of Directors By 30th September of the following financial year Ministry of Corporate Affairs (MCA)
Form DPT-3 Filing of Return of Deposits On or before June 30th Ministry of Corporate Affairs (MCA)
GST Returns Filing GST Returns (if applicable) Based on the GST turnover (Quarterly/Monthly) GST Portal (Income Tax Department)

FAQ

Yes, an AGM is mandatory within six months after the financial year ends.

The annual return (Form MGT-7) must be filed within 60 days of the AGM.

File your OPC’s financial statements (Form AOC-4) within 180 days of the financial year’s end, typically by September 27th.

A penalty of Rs. 100 per day is charged for delayed filings. For directors' KYC (Form DIR-3), the penalty is Rs. 5,000.

Yes, OPCs must file income tax returns by July 31st (or September 30th if a tax audit is required).

Yes, a chartered accountant must audit your OPC’s financial records.

Yes, you must maintain statutory registers, including for members, directors, and board meetings.

Directors must submit Form DIR-3 KYC annually by September 30th.

No, all filings are mandatory, regardless of profit or loss.

Non-compliance may lead to penalties or even striking off your OPC from the register. Directors may be disqualified.

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