Annual Compliance for One Person Company (OPC)
A One Person Company (OPC) offers the benefits of a private limited company with minimal ownership. However, it must comply with certain annual legal and tax requirements. At Taxless.in, we provide expert Annual Compliance Services for OPCs to ensure your business remains compliant and penalty-free.
Focus on growing your business while we handle all your compliance needs.
What is OPC Annual Compliance?
OPC Annual Compliance refers to the mandatory filings and legal obligations that every One Person Company must fulfill each year as per the Companies Act, 2013 and Income Tax laws.
Even if your OPC has no business activity, compliance is still mandatory.
Mandatory Compliance for OPC
Every OPC must complete the following annual compliances:
✔️ Filing of Financial Statements (AOC-4)
- Submission of Balance Sheet and Profit & Loss Account
- Due Date: Within 180 days from the end of the financial year
✔️ Annual Return (MGT-7A)
- Filing of simplified annual return for OPC
- Due Date: Within 60 days from the due date of AOC-4
✔️ Income Tax Return (ITR-6)
- Filing of company income tax return
- Due Date: 30th September (or as applicable)
✔️ Board Meeting Compliance
- OPC is required to conduct at least one Board Meeting in each half of the calendar year
✔️ Statutory Audit
- Mandatory audit of financial statements by a Chartered Accountant
Consequences of Non-Compliance
Failure to comply with OPC regulations may lead to:
- ❌ Heavy penalties and late fees
- ❌ Legal action from MCA
- ❌ Disqualification of director
- ❌ Difficulty in raising funds or closing the company
Documents Required
To complete annual compliance, you need:
- PAN Card of Company
- Certificate of Incorporation
- Financial Statements
- Bank Statements
- Invoices and Expense Details
- DSC of Director
- Previous year filings
Our OPC Compliance Services
We provide complete support for OPC compliance:
✔️ Financial Statement Preparation
Preparation of Balance Sheet and Profit & Loss Account.
✔️ ROC Filings (AOC-4 & MGT-7A)
Timely filing with MCA to ensure compliance.
✔️ Income Tax Filing
Accurate and timely filing of ITR-6.
✔️ Audit Coordination
Support and coordination with auditors.
✔️ Compliance Advisory
Ongoing expert guidance for smooth operations.
Step-by-Step Process
- 📞 Consultation – Understand your OPC structure
- 📂 Document Collection – Gather required documents
- 📊 Preparation – Draft financial statements
- 📤 Filing – Submit ROC and tax filings
- ✅ Confirmation – Compliance completion and acknowledgment
Why Choose Taxless?
- ✅ Experienced compliance professionals
- ✅ Timely filing and reminders
- ✅ Affordable service packages
- ✅ End-to-end compliance support
- ✅ Dedicated customer assistance
Benefits of OPC Compliance
- 📜 Avoid penalties and legal issues
- 📊 Maintain financial transparency
- 💼 Build credibility with stakeholders
- 🚀 Smooth business operations
- 📈 Better financial planning
Who Needs OPC Compliance Services?
- All registered One Person Companies
- OPCs with or without business activity
- Startups operating as OPC
Frequently Asked Questions (FAQs)
1. Is compliance mandatory for OPC even without business activity?
Yes, annual compliance is mandatory regardless of business activity.
2. Is audit mandatory for OPC?
Yes, statutory audit is required for OPC.
3. What is the due date for filing AOC-4?
Within 180 days from the end of the financial year.
4. Can Taxless.in handle complete OPC compliance?
Yes, we provide end-to-end compliance services including ROC and tax filings.
Get Started Today
Keep your OPC compliant and stress-free with expert support from Taxless.in. Let us handle your annual compliance while you focus on growing your business.
👉 Contact us today for reliable and timely OPC compliance services.