OPC Annual Compliance

Overview

OPC Compliance covers the annual and event-based legal requirements that a One Person Company must fulfil under the Companies Act, 2013, and Taxeto manages this on behalf of solo entrepreneurs. Taxeto prepares financial statements, files AOC-4 and MGT-7A with the Ministry of Corporate Affairs, and keeps statutory records updated so the OPC retains its active status while benefiting from simplified compliance norms.

Benefits

• Ensures adherence to company law requirements
• Reduced compliance burden compared to other company types
• Enhances business credibility with stakeholders
• Maintains the limited liability protection of the owner

Eligibility

• Must be registered as a One Person Company
• Must maintain books of accounts
• Must comply with MCA rules, whether or not there is business activity

Documents Required

1. 1Certificate of Incorporation
2. 2PAN Card of the company
3. 3Financial statements
4. 4Director details
5. 5Books of accounts

Process

1. 1

   Maintain Records

   Keep proper financial and statutory records.

2. 2

   Prepare Financial Statements

   Compile the profit & loss account and balance sheet.

3. 3

   File AOC-4

   Submit financial statements within 180 days of the financial year end.

4. 4

   File MGT-7A

   Submit the annual return within 60 days of the AOC-4 due date.

5. 5

   Compliance Tracking

   Ensure timely filing of all forms going forward.

Frequently Asked Questions