OPC Compliance
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Handle annual compliance requirements for your One Person Company (OPC).
Select the option that matches your requirement. Our team will confirm the scope before starting your application.
Professional assistance and application support included.
Government fees and third-party charges apply where mentioned.
A One Person Company (OPC) is a unique business structure introduced under the Companies Act, 2013, allowing one individual to incorporate and manage a private limited company. Under Section 2(62), an OPC has only one member and shareholder.
Although it provides the flexibility of sole ownership, an OPC must meet annual compliance obligations prescribed by the Ministry of Corporate Affairs and other applicable authorities to maintain its legal standing and avoid penalties.
LegallensIndia provides timely, accurate, and hassle-free OPC annual compliance services.
An OPC is treated as a separate legal entity under the Companies Act, 2013 and must file audited financial statements in Form AOC-4 and its annual return in Form MGT-7A with the Ministry of Corporate Affairs, irrespective of turnover.
It must also file its income tax return on time and, when registered under GST, complete the relevant GST return filings.
Non-compliance may result in penalties, director disqualification, or the company being struck off.
OPC compliance requirements apply from incorporation. Failure to comply can result in fines, scrutiny of the company and its directors, and other obstacles to business operations.
Proper compliance also ensures that accurate financial information is available to shareholders and investors.
An OPC with more than one director must hold at least one Board Meeting in each half of the calendar year, with a minimum gap of 90 days. Sections 173 and 174, including quorum requirements, do not apply when the OPC has only one director.
Every OPC must appoint a qualified Chartered Accountant or CA firm as its Statutory Auditor under Section 139. The annual financial-statement audit is mandatory regardless of turnover, while auditor-rotation provisions do not apply.
Each director must disclose interests in other companies, LLPs, or firms through Form MBP-1 at the first Board Meeting of the financial year. The director must also submit Form DIR-8 annually to declare non-disqualification under Section 164(2).
Form AOC-4 must be filed within 180 days from the end of the financial year, generally by 27 September when the year ends on 31 March. The simplified annual return in Form MGT-7A must be filed within 60 days from signing the financial statements.
Every director holding a DIN on 31 March must complete KYC for that financial year through Form DIR-3 KYC or DIR-3 KYC-WEB by 30 September of the immediately following financial year.
The OPC must open a current bank account in the company's name for its financial transactions.
The subscription money stated in the Memorandum of Association must be deposited into the company's bank account within 180 days of incorporation. Form INC-20A must be filed with the Registrar within the same period, digitally signed by a director and certified by a practising CA, CS, or CMA. The company cannot commence business or borrow funds until the form is filed and approved.
If registered-office details were not submitted through SPICe+ during incorporation, Form INC-22 must be filed within 30 days with the prescribed documents and fee. A separate INC-22 filing is not required when the address and documents were already provided through SPICe+.
The full company name with '(OPC) Private Limited', registered-office address, CIN, telephone number, email address, and website address, if any, must be displayed conspicuously at the registered office and every place of business. Official documents, invoices, letters, and publications must clearly identify the company as an OPC.
The Board must appoint a Statutory Auditor within 30 days of incorporation and file Form ADT-1 within 15 days of the appointment. The auditor may be appointed for up to five years, and auditor rotation does not apply.
The OPC must maintain registers of members, directors and Key Managerial Personnel, and shares and share certificates where applicable. It must also keep a Minutes Book and record and sign resolutions passed by the sole member under Section 122.
An OPC with payments outstanding to UDYAM-registered Micro or Small Enterprises for more than 45 days must file Form MSME-I half-yearly. The April-to-September return is due by 31 October, and the October-to-March return is due by 30 April. Delayed-payment details and reasons must be disclosed, even when there is only one default.
An OPC with outstanding loans or borrowings as on 31 March must file Form DPT-3 annually by 30 June, whether the borrowing is secured or unsecured and whether or not it qualifies as a deposit. This includes amounts from directors, shareholders, and related parties.
Every OPC must file an Income Tax Return annually under the Income Tax Act, 1961, regardless of turnover or profit.
A GST-registered OPC must file monthly or quarterly returns according to its annual turnover. The supplied content states that an OPC with turnover up to ₹5 crore may use the QRMP scheme, while monthly filing applies above that threshold. An annual GST return may be required when turnover exceeds ₹2 crore.
| Compliance | Form or Action | Due Date | Applicability |
|---|---|---|---|
| Board Meetings | Meeting | One per half year | More than one director; minimum 90-day gap |
| Auditor Appointment | ADT-1 | Within 15 days of appointment | Appointment within 30 days of incorporation |
| Disclosure of Interest | MBP-1 | First Board Meeting of each financial year or upon change | Director interests in other entities |
| Non-Disqualification | DIR-8 | Annually | All directors |
| Financial Statements | AOC-4 | Within 180 days of financial year end | Typically 27 September for a 31 March year end |
| Annual Return | MGT-7A | Within 60 days of signing financial statements | Simplified OPC return; no AGM required |
| DIN KYC | DIR-3 KYC / KYC-WEB | By 30 September | Directors holding DIN on 31 March |
| Income Tax Return | Usually ITR-6 | By 31 October unless audited | Mandatory even with NIL turnover |
| MSME Dues | MSME-I | 30 April and 31 October | Dues exceeding 45 days, when applicable |
| Outstanding Loans | DPT-3 | By 30 June | Even when amounts are not deposits |
| Commencement of Business | INC-20A | Within 180 days of incorporation | Companies having share capital |
| Registered Office | INC-22 | Within 30 days | When not filed through SPICe+ |
| Name and Details | Paint or affix at office | Ongoing | Display CIN, address, email, and other details |
| Registers and Records | Physical or digital records | Ongoing | Members, directors, shares, and minutes |
| Financial Audit | CA Audit Report | Annually | Mandatory irrespective of turnover |
Non-compliance may lead to financial penalties, director disqualification, or strike-off of the company.
The team collects documents and handles AOC-4, MGT-7A, ITR-6, DIR-3 KYC, and other applicable filings.
Proactive reminders and deadline tracking help the OPC avoid penalties.
Chartered Accountants, Company Secretaries, and compliance experts provide guidance on the obligations applicable to the OPC.
Fixed packages are offered without hidden charges.
The cloud-based Ledgers Platform is designed to simplify accounting and compliance for One Person Companies.
LegallensIndia combines professional compliance support with the Ledgers Platform to help maintain the OPC's legal standing, avoid penalties, and build business credibility.
Contact LegallensIndia to begin your OPC annual compliance plan.