Due Dates for Annual Filing of OPC Name of e-form Description of e-form Due date of filing Concerned authority AOC-4 Filing of annual accounts Within 180 days from the closing of the financial year along with the documents Registrar Of Companies AOC-4 CFS Filing of annual accounts in case of consolidated financial statements Within 180 days or 6 months from the closing of the financial year Registrar Of Companies MGT-7 Filing of annual return Within 60 days from the date of AGM (Annual General Meeting) Registrar Of Companies ADT-1 Appointment of auditor Within 15 days from the conclusion of AGM (Annual General Meeting) Registrar Of Companies ITR-6 Income tax return 30th September of the relevant assessment year Income Tax Department Note: For the first annual ROC filing of the OPC is due on the 30th December of the next year from the date of incorporation of the company.

LLPs benefit over One Person Company No bar on the number of owners in the business Less compliance burden as compared to other entities No requirement for compulsory audit Save the burden of Dividend Distribution Tax Double advantage of both a company and a partnership The internal structure of an LLP easier to manage Company’s benefit over LLP One's great potential allowing to create a company individually Minimal maintenance is required Easy to set up Separate entity ensure the protection of limited liability Full control over the business by one person Procedure for the conversion Obtain DPIN (Designated Partner Identification Number) in Form DIR-3 Call a board meeting of the directors and pass a resolution for such conversion File form LLP-1 for the name of the company which will be changed into the name of the LLP Draft LLP agreement File incorporation documents in form LLP-2 File form-18 for application of conversion File form-3 which contains the details of the LLP agreement Obtain the certificate of incorporation File form-14 within 15 days from the date of receiving the incorporation certificate.

These stamps are required to authenticate the further documents for compliances.

Mandatory Documents for OPC Wind up The Following documents are required to close a One Person Company: Application for striking off the name of OPC To close a company through traditional method, a copy of application for strike off the name of the company is required to file in form STK-2 with the ROC.

NOTE: MOA is standard legal documents prepared by Company Secretaries during registration of the Company.

Advantages of One Person Company Easily accessible: OPC registration is very easy as there is lesser documentation regarding no. of directors and a less number of Forms as it has only one member and one nominee.

Following are the methods for winding up of a company Compulsory Winding up Voluntary Winding up Defund Company Winding up Different forms and different documents required for each method of Winding up of a Company.

Following is the procedure for compulsory Winding Up Step - 1: Filing of the application The following parties will file a petition Company or Creditors of the Company or Any Contributors or contributory of the company or Central Government or State Government or By the Registrar or Step - 2: Petition shall be accompanied with Statement of Affairs While filing the documents under Form 4.

Documents required for the conversion DIN (director identification number) for all the designated partners.

Certified copy of Partnership deed Certified copy of Balance Sheet of the Partnership Firm Certified copy of the income tax assessment of the Partnership Firm Consent of all the partners stating that they agreed to the conversion process Copy of the resolution passed After attaching these documents, Form INC-1A can be signed by the promoter of the company and same should be filed.