Every OPC registered in India with the MCA (Ministry of Corporate Affairs) as per the provisions of the Companies Act, 2013 are under an obligation to file the financial statements (except cash flow statement) and annual return.
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.
Mandatory OPC Compliance Some mandatory compliances are required to file by the OPC with MCA and Income tax department as per the Companies Act, 2013 and Income Tax Act, 1961respectively.