Annual Compliances For OPC

Documents Required for Annual Compliances For OPC

  • 1 Invoices of Purchases and Sales during the year
  • 2 Invoices of expenses incurred during the year
  • 3 Credit Card Statements if Expenses are incurred by Director on behalf on Company
  • 4 Bank Statements from 1 April to 31 March for all bank accounts in the name of Company
  • 5 Copy of VAT or Service Tax returns filed (If Any)
  • 6 Copy of TDS Challans Deposited (If Any)
  • 7 Copy of TDS Returns filed (If Any)

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Process Involved

Finalization of Balance Sheet and Income Tax return
Preparation of Notice, Board Resolution and Minutes of AGM
Form ADT-1
Form AOC-4
Form MGT-7

Annual Compliance for One Person Company

  • Every OPC shall comply with Annual Requirements of ROC and Income Tax and shall file
  • Income Tax Return every year before 30th Sep 
  • File Form MGT-7 - Statement of Disclosure of ShareHolders and Directors - within 60 days from Date of Annual General Meeting (AGM)
  • File Form AOC-4- Annual Accounts of Companies before 30th October every year.

Procedure For Annual Compalince fulfilment Procedure

  • Maintain Proper Books of Accounts.
  • Prepare and File Balance Sheet.
  • Get your accounts Audited by Chartered Accountant.
  • File Form ADT-1, AOC-4 and Form MGT-7 with ROC.
  • File Income Tax Returns with Income Tax Department.

Need for Annual Complaince

  • Late filing or non-filing of Annual Return before the due date will attract a penalty 12 Times of Normal Fees.
  • Further, the Company cannot be wound-up or closed without filing of the return.
  • Therefore, it is best to file the Annual Return within the due dates




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