Post incorporation all the OPCs are required to file its financial reports and annual return with the ROC (Registrar of Companies) and income tax return with the tax department annually.
After Incorporation Compliances for One Person Company Common Seal Two rubber stamps are required one round shape engraved with the company’s name and another rubber stamp with the name of company along with the designation of authorised signatory.
Directors in One Person Company The revised Companies Act, 2013 has been introduced a new revolutionary concept of One Person Company which gives an individual owner advantages of a company with limited liability.
Difference between OPC and Sole Proprietorship The below tables unveil the differences between the OPC (One Person Company) and Sole Proprietorship: Particulars One Person Company Sole Proprietorship Governing Law One Person Company prevailed by the Companies Act, 2013.