OPC Compliance
A One Person Company enjoys certain relaxations under the Companies Act, but it still carries a defined set of annual ROC filings, board resolutions and income tax obligations.
OPC compliance covers the annual obligations a One Person Company must meet with the Registrar of Companies and the income tax department — filing financial statements in Form AOC-4, filing the annual return in Form MGT-7A, passing the board resolutions the Companies Act requires, maintaining statutory registers, and filing the company's income tax return. OPCs get some relaxations, such as fewer mandatory board meetings, but the core annual filing cycle still applies.
What our OPC compliance service includes
Keeping the company's annual filing cycle on track.
- Finalising financial statements for the year
- Passing and documenting board resolutions
- Maintaining statutory registers and minutes
- Filing Form AOC-4 and Form MGT-7A with the ROC
- Coordinating statutory auditor appointment
- Filing the company's income tax return
Areas of OPC compliance
The obligations that apply to a One Person Company each year.
Annual ROC Filing (AOC-4 & MGT-7A)
Filing the company's financial statements and annual return with the Registrar of Companies each year.
Board Resolutions & Registers
Documenting board resolutions and maintaining the statutory registers an OPC is required to keep.
Income Tax Filing
Annual filing of the company's income tax return, taxed at company rates regardless of its single-member structure.
Auditor Appointment
Appointing and coordinating with the statutory auditor as required under the Companies Act.
Our process
From year-end closing to ROC and tax filing.
Finalize Financial Statements
Close the books for the year and prepare the financial statements for board approval.
Conduct Board Resolutions
Document the resolutions approving accounts and other matters the Companies Act requires.
File ROC Annual Forms
Submit Form AOC-4 and Form MGT-7A within the applicable timelines.
File Income Tax Return
Prepare and file the company's annual income tax return.
Where OPC compliance gets missed
What sets our approach apart.
Nominee details not updated
Changes to the nominee's details need to be reflected with the ROC, and this step is often overlooked.
Conversion thresholds missed
Crossing the prescribed paid-up capital or turnover threshold can trigger a requirement to convert to a private company, which is easy to miss.
Late ROC filings attract fees
Missing the AOC-4 or MGT-7A deadline brings additional government fees that accumulate the longer the delay runs.
OPC Compliance questions answered
What people ask before engaging us.
Need help with your OPC's annual compliance?
We'll handle the filings and keep you ahead of every deadline.
