OPC Annual Filing

OPC Annual Filing

One Person Company (OPC) Annual Filing: Your Compliance, Our Expertise

Running a One Person Company (OPC) comes with the responsibility of annual compliance. FilingPoint ensures your OPC filing is accurate, timely, and hassle-free, so you can focus on growing your business without any worries.

What is OPC Annual Filing?

One Person Company (OPC) is a popular structure for solo entrepreneurs. Despite being a single-person entity, every OPC is required to file annual returns and financial statements with the Ministry of Corporate Affairs (MCA). These filings keep your company compliant and transparent while maintaining your credibility.

Key Filing Requirements for One Person Company

1️⃣ Form AOC-4 (Financial Statements)

  • Due Date: Within 180 days from the end of the financial year.
  • Details: Submission of balance sheet, profit and loss account, auditor’s report, and more.

2️⃣ Form MGT-7A (Simplified Annual Return for OPC)

  • Due Date: Within 60 days from the end of the financial year.
  • Details: Simplified format to report shareholding details, director information, and compliance.

3️⃣ Income Tax Return (ITR Filing)

  • Due Date: 31st July (if audit not required) or 31st October (if audit required).

4️⃣ Board Resolutions & AGMs

  • OPCs are exempt from holding Annual General Meetings (AGMs) but must pass board resolutions for key decisions.

Exclusive Benefits of FilingPoint for OPC Annual Filing

🚀 Personalized Service: We understand OPCs’ unique needs and provide tailored solutions.
🔔 Deadline Alerts: Never miss a filing date with our proactive reminders.
🔍 Error-Free Filings: Our team ensures accurate and compliant filings every time.
🛡️ Penalty Protection: Stay ahead of deadlines and avoid penalties.

Consequences of Missing OPC Filing Deadlines

⚠️ Non-compliance can lead to:

  • Penalties of ₹100 per day per form (with no maximum cap).
  • Marking your OPC as “defaulting” in MCA records.
  • Inability to raise funds or apply for loans.
  • Directors becoming ineligible for future directorships.

Our Process: How FilingPoint Simplifies OPC Annual Filing

Step 1: Free Consultation
We assess your compliance needs and filing deadlines.

Step 2: Document Collection
Gather required documents like financial statements, DSCs, and director details.

Step 3: Preparation of Forms
Prepare Form AOC-4, MGT-7A, and Income Tax Returns accurately.

Step 4: Filing with Authorities
Submit filings to MCA and Income Tax Department and provide filing acknowledgment.

Step 5: Compliance Certificate
Receive confirmation of compliance for the year.

Documents Required for OPC Annual Filing

  • 📜 Certificate of Incorporation
  • 📑 MOA & AOA (Memorandum and Articles of Association)
  • 📊 Financial Statements (Audited if applicable)
  • 💳 Digital Signature Certificate (DSC) of Director
  • 🖋️ Director Identification Number (DIN)
  • 📋 Details of Loans, Advances, and Investments

Checklist for OPC Compliance

✔️ Prepare and maintain accurate financial records.
✔️ Pass board resolutions for significant decisions.
✔️ File Form AOC-4 for financial statements.
✔️ File Form MGT-7A for annual return details.
✔️ File Income Tax Return (ITR) before the deadline.

Additional Compliance Tips for OPCs

💡 Maintain Statutory Registers: Keep records of board meetings, share transfers, and resolutions.
💡 Audit Requirements: If turnover exceeds ₹2 crores or paid-up share capital exceeds ₹50 lakhs, statutory audit is mandatory.
💡 GST Filings (if applicable): File monthly or quarterly GST returns if your OPC is registered under GST.

Why is Annual Filing Important for OPCs?

✔️ Legal Compliance: Avoid legal complications and penalties.
✔️ Business Credibility: Maintain trust with stakeholders, clients, and financial institutions.
✔️ Tax Benefits: Filing accurate returns ensures you can claim applicable deductions and benefits.
✔️ Transparency: Regular filings showcase your business’s financial health.

Ready to File? Partner with FilingPoint

At FilingPoint, we make compliance simple. With years of experience handling OPC filings, we ensure your company remains compliant and penalty-free.

🖱️ Start Filing Now!

Frequently Asked Questions (FAQs)

Q1: What happens if I don’t file OPC annual returns on time?
A: Late filings attract penalties of ₹100 per day per form and can lead to additional scrutiny from authorities.

Q2: Is an audit mandatory for all OPCs?
A: No, an audit is required only if the turnover exceeds ₹2 crores or the paid-up share capital exceeds ₹50 lakhs.

Q3: Can OPCs skip AGMs?
A: Yes, OPCs are exempt from holding Annual General Meetings but must file resolutions instead.

Contact Us Today for a Free Consultation
Let’s help you start your dream business with confidence and ease.

📞 Call Us: 91+ 7299972500
📧 Email Us: info@filingpoint.com
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