OPC Compliance Process
Documentation3 to 4 Working Day
The advisor appointed will provide consultation on the documents required to file the complete the compliances with the ROC. The directors or company professionals need to provide the expense details along with complete bank statement of the company.
Passing Resolution2 Working Days
If the one person company incorporated has only one director they don’t need to conduct Annual general meeting or Board meeting a single resolution for the company will suffice.
Form Filing3 Working Days
When all the forms and documents are prepared the company professionals need to file the form AOC-4 within 30 days of passing resolution and MGT-7 within 60 days of passing resolution.
OPC Compliance Cost
|Goods & Service Tax||2,315.00|
Documents Required for Compliance
PAN for the company and director
DSC of an existing director
Certificate of Incorporation
Memorandum of Association
Sale Purchase Report
Company account statement
What do you get
Questions? Call us on 011-408-44560
Frequently Asked Questions
What is Annual filing?
Annual filing for any company incorporated in India is necessary compliance that should be made within the prescribed due dates. The filing of the e-forms must be made with all the mandatory documents.
What is the penalty for not filing an annual return with ROC?
The company that does not complete the annual return with the ROC for a period of time might be considered a defunct company and will be liable to pay a heavy penalty that will depend upon the number days past the due date.
What is the list of forms required for filing Annual return?
The list of forms required for filing Annual return with ROC are:
- MGT-7 is required for filing the annual return of the company
- AOC-4 is required to file the company financial statement with ROC
Does a One person Company need to be audited?
Yes, audit for a One person Company is necessary every financial year as per the companies’ act 2013.
What are the due dates for filing an annual return?
List of due dates for filing the annual return for any One person Company are:
|Annual General Meetings||30th September|
|Filing of Financial Statements (AOC-4)||Within 30 days of AGM|
|Filing of Annual Return (MGT-7)||Within 60 days of AGM|
Who has the authority to sign upon the e-form?
When filing the annual return the company directors must sign all the required documents. The financial statement that has to be signed must be audited and signed by a CA.
Is it necessary for a One person Company to hold AGM?
No, one person company has no mandatory requirement to hold AGM. If the company has a sole director it has an option to pass a resolution to appoint director and auditor in the company; there is no requirement of conducting AGM and Board meeting.
What are mandatory compliances for a One person Company?
Mandatory Annual compliances for one Person Company are as follows:
|Appointment of Auditor||Auditor for a company is appointed for a term of 5 years and should be appointed within 1 month of incorporation of a One person Company.|
|Annual ROC Filing
||Annual return and financial statement for the company must be filed with the ROC within the due dates prescribed|
|Annual General Meeting||AGM for a company must be held every year for approval of the financial statement and for the appointment of an auditor.|
|Board Meeting||Any One person Company must hold at least one board meeting every quarter. The presence of the director in such a meeting is necessary.|
|Income Tax Return||The company must complete the financial returns that are to be filed every year that must be assessed by company CA.|
Who has the responsibility of completing compliances with the ROC?
Director of the company has authority and responsibility to file compliances with ROC or else they are levied with a very heavy penalty and in certain cases may lead to prosecution as well.