Annual Compliances For OPC
Why we need to do annual compliance of OPC?
What are the forms required to be filed for Annual Compliances?
Form AOC-4 for Financial statement and Form MGT-7A for annual return are required to be filed for Annual return.
What are the Due date to file forms?
The financial statement of OPC are to be filed within 180 days from 31st March of the financial year and annual return within 60 days from the completion of AGM.
- Income Tax Return
- Roc Filing
- Income Tax Return
- Roc Filing
Documents Required For Annual Compliances For OPC
STEP – 1
Required documents are provided by client
STEP – 2
Finalization of Balance Sheet and Income Tax return
Balance Sheet and Profit and Loss is finalized based on data provided and Income Tax Return is filed
STEP – 3
Preparation of Notice, Board Resolution, and List of Directors
Preparation of Notice, Board Resolution, and List of Directors and getting them signed by Directors
STEP – 4
Appointment of Auditor and filing of form ADT-1 within 15 days of AGM
STEP – 5
Filing of Annual accounts with ROC within 180 Days from the Financial Year Close
STEP – 6
Form MGT-7AFiling of Annual Return with ROC within 60 Days of AGM (considering the normal date of AGM)
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- Minimum 1 Shareholder
- Minimum 1 Director
- The director and shareholder can be the same person
- Minimum 1 Nominee
- There is No Minimum Share Capital requirement
- DIN (Director Identification Number) for all the Directors
- DSC (Digital Signature Certificate) for all the Directors
After ROC's approval for name of the Company, filing all the Incorporation documents with the ROC • Online uploading of e-Forms • Payment of Registration fees • Receiving Incorporation Certificate
One Person Company a new company structure, contains the benefits of sole proprietorship and corporate status. It has only one member, as the Member cum Director and a nominee.
The minimum capital requirement is Rs. 1,00,000/- but this amount differ from your investment. Authorised capital and investment are not one and the same. You can invest as many as you can, but when you want to incorporate a company legally, it has to be started with Rs. One lakh as capital.
Nominee can be anyone, such as your spouse, father, mother, daughter, brothers, sisters etc., but they should hold proper identity proofs such as PAN card, Voter id or Passport or Driving License etc., in order to be appointed as Nominees for One Person Company.
No, you are not allowed to form more than one OPC and nominee in your company cannot be appointed as nominee in any other One Person Company.
No, FDI is not allowed for One Person Company, if it does then it will lose its very nature of One Person Company.
Yes, it can be converted into Private Limited Company, if the One Person Company has exceeded the threshold limit by filing necessary forms.
No, a One Person Company exempted from holding Annual General Meeting.
One Person company can convert itself to Private Company, when the paid up capital exceeds Rs. 50 lacs or its average turnover exceeds Rs. 2crores for the relevant period.