One Person Company (OPC) is a popular business structure in India, especially among solo entrepreneurs looking to enjoy the benefits of a corporate framework without the complications of having multiple shareholders. While OPCs enjoy simplified compliance compared to other types of companies, they are still required to meet certain annual filing obligations with the Registrar of Companies (ROC). Ensuring timely and accurate filings is essential for maintaining good legal standing and avoiding penalties.
What is OPC Annual Return?
OPC annual return refers to the set of documents and financial statements that a One Person Company must file annually with the Ministry of Corporate Affairs (MCA). This includes the annual return (Form MGT-7A) and financial statements (Form AOC-4). Even if the OPC has no revenue or activity during the financial year, it must still comply with these mandatory filing requirements.
At ebizfiling, we help OPC owners understand and fulfill these requirements effortlessly by managing end-to-end documentation and filing with the ROC, ensuring peace of mind and timely compliance.
Key ROC Filings Required for OPC
Here are the main compliance filings that every OPC must undertake annually:
Form AOC-4 (Financial Statements):
OPCs must file their audited financial statements within 180 days from the end of the financial year (typically by 27th September). This form includes the balance sheet, profit and loss account, and auditor’s report.Form MGT-7A (Annual Return):
A simplified version of the annual return form designed specifically for OPCs and small companies. It must be filed within 60 days from the conclusion of the Annual General Meeting (AGM), although OPCs are exempted from holding an AGM.Form DIR-3 KYC:
All directors must file their KYC with the ROC annually to ensure their DIN (Director Identification Number) remains active.
Why Filing OPC Annual Return is Important
Legal Compliance: Staying compliant with annual filings helps avoid penalties and legal complications.
Credibility: Regular compliance improves your OPC’s credibility with banks, investors, and stakeholders.
Avoid Disqualification: Non-compliance could lead to disqualification of directors or even strike-off of the company.
Financial Planning: Timely filings reflect transparency and help in better financial planning and reporting.
Penalties for Late Filing
Failing to file OPC annual returns within the due dates can result in:
Late Fees: ₹100 per day per form until the date of filing.
Penalties: Additional monetary penalties imposed by the MCA depending on the nature and period of default.
Legal Consequences: Persistent non-compliance may lead to notices from the ROC or even the removal of the company from the register.
How Ebizfiling Can Help
At ebizfiling, we simplify the process of annual return filing for OPCs by offering:
Timely preparation and submission of AOC-4 and MGT-7A
Expert consultation to resolve compliance queries
Affordable pricing with transparent packages
Real-time updates and reminders to avoid missing due dates
Our team of experienced professionals ensures that your compliance is smooth, error-free, and always on time. Whether you're a new entrepreneur or an experienced business owner, Ebizfiling makes ROC filing for your OPC hassle-free.
Conclusion
Annual compliance is not just a legal obligation—it’s a smart business practice. Filing your OPC annual return on time helps maintain good standing, avoids penalties, and builds trust with stakeholders. With Ebizfiling as your compliance partner, you can focus on growing your business while we handle all the statutory requirements. Stay compliant, stay confident—year after year.
