No AGM
OPC is exempt from holding an Annual General Meeting. Financials are approved by the sole member and filed via AOC-4 within 180 days of FY end.
OPC ANNUAL COMPLIANCE
Opc Compliance Registration
Complete annual compliance for your OPC under the Companies Act, 2013. Financial statements (AOC-4 within 180 days of FY end), simplified annual return (MGT-7A), director KYC, ITR-6 and more . No AGM required. Avoid ₹100/day penalties.
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AOC-4 · MGT-7ACore ROC Filings
No AGMOPC Exemption
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SAMPLE
Certificate of Incorporation
Ministry of Corporate Affairs (MCA) — sample certificate of incorporation
Illustrative sample. Your official certificate is issued after approval.
01
AOC-4 by ~27 Sep
Financial statements within 180 days of FY end (no AGM — fixed window)
02
MGT-7A
Simplified annual return for OPCs and small companies (within 60 days of signing / deemed date)
03
No AGM Required
OPC is exempt from holding an Annual General Meeting under Section 96
04
Board Meetings
0 if single director; 1 per half-year (90-day gap) if 2 or more directors
OVERVIEW
What is OPC Annual Compliance?
OPC annual compliance is the set of mandatory filings a One Person Company must submit each year to the ROC and Income Tax Department under the Companies Act, 2013 — including Forms AOC-4, MGT-7A, DIR-3 KYC and ITR-6. It is governed by Sections 92, 137 and related provisions and regulated by the Ministry of Corporate Affairs.
An OPC (Section 2(62)) has a single member and a nominee. It is a registered company, so company-law compliance applies. Key relaxations: no AGM, simplified annual return (MGT-7A), and no cash flow statement requirement in many cases. Paid-up capital and turnover ceilings (₹50 lakh / ₹2 crore) still apply; exceeding either for 3 consecutive years can trigger mandatory conversion to a private limited company. Non-filing attracts ₹100 per day per form and possible director disqualification under Section 164(2) after 3 consecutive years of default.
Governing Law
Companies Act, 2013
Regulator
ROC · MCA (mca.gov.in)
Key Forms
AOC-4 · MGT-7A · DIR-3 KYC · ITR-6
AOC-4 Due
180 days from FY end (~27 Sep)
COMPLIANCE CHECKLIST
Key Annual Obligations for OPC
| Compliance | Form | Due Date (Indicative) | Penalty |
|---|---|---|---|
| Financial Statements | AOC-4 | Within 180 days of FY end (~27 Sep) | ₹100/day |
| Annual Return | MGT-7A | Within 60 days of signing / deemed date | ₹100/day |
| Director KYC | DIR-3 KYC | 30 September | ₹5,000 + DIN block |
| Auditor Appointment | ADT-1 | Within 15 days of appointment | Late fee applicable |
| Income Tax Return | ITR-6 | 31 October (with audit) | ₹5,000–₹10,000 |
| Board Meetings | Minutes | 0 (single director) or 1 per half-year | As per Act |
OPC RELAXATIONS
How OPC Differs from Pvt Ltd
MGT-7A (Simplified)
OPCs file the shorter annual return MGT-7A instead of the full MGT-7 used by regular companies.
Board Meetings
Single director: no board meeting required (decisions recorded in minutes). Two or more directors: at least 1 meeting per half-year with a 90-day gap.
Cash Flow Statement
Often not required (small company / OPC relief). Confirm current MCA requirements for your size and year.
Conversion trigger:
If paid-up capital exceeds ₹50 lakh or turnover exceeds ₹2 crore for 3 consecutive financial years, the OPC must convert into a private limited company within the prescribed time.
COMPLIANCE CALENDAR
Typical Year (FY Ending 31 March)
April – June
Close books; start statutory audit; MBP-1 / DIR-8 at first board meeting if applicable; DPT-3 by 30 June if required.
July – August
Complete audit; prepare Board’s report and financial statements for sole member approval.
September
File AOC-4 by ~27 Sep (180 days from FY end); DIR-3 KYC by 30 Sep; tax audit report by 30 Sep if applicable.
October – November
File ITR-6 by 31 Oct; file MGT-7A within 60 days of signing financials / deemed date (often by late November).
December
GSTR-9 by 31 Dec if GST-registered and required; continue half-yearly board meeting schedule if 2+ directors.
PENALTIES
Cost of Non-Compliance
| Default | Consequence (Indicative) |
|---|---|
| Late AOC-4 / MGT-7A | ₹100 per day per form (can accumulate significantly) |
| Missed DIR-3 KYC | DIN deactivation; ₹5,000 late fee to reactivate |
| 3 consecutive years of default | Director disqualification under Section 164(2) |
| Exceed capital/turnover limits 3 years | Mandatory conversion to private limited company |
WHY CHOOSE US
Why Corporate Mart for OPC Compliance?
AOC-4 on the 180-Day Clock
We track the fixed 180-day window from FY end so AOC-4 is filed by ~27 September and you avoid ₹100/day fees.
MGT-7A Done Right
Simplified annual return prepared and filed within the 60-day window with correct attachments.
DIR-3 KYC & ITR-6
Director KYC by 30 September and ITR-6 support so MCA and tax compliance stay aligned.
OPC-Specific Rules
We apply OPC exemptions (no AGM, board meeting rules, conversion triggers) so you only do what is required.
Audit → Approve FS → AOC-4 (~27 Sep) → DIR-3 KYC → MGT-7A → ITR-6
FAQ
Frequently Asked Questions
Within 180 days from the end of the financial year. For FY ending 31 March, that is approximately 27 September. Late fee is ₹100 per day.
No. One Person Companies are exempt from holding an Annual General Meeting. The sole member approves the financial statements and filings proceed on the 180-day / 60-day timelines.
MGT-7A is the simplified annual return prescribed for OPCs and small companies. It has fewer disclosures than the full MGT-7 used by regular companies.
If there is only one director: none required (decisions are recorded in the minutes book). If there are two or more directors: at least one board meeting per half-year with a minimum 90-day gap between meetings.
By 30 September every year for every director holding a DIN. Missing it can lead to DIN deactivation and a ₹5,000 late fee.
If either limit is exceeded for 3 consecutive financial years, the OPC must convert into a private limited company within the time prescribed under the Companies Act.
Yes. Every OPC must have its accounts audited by a chartered accountant. The audit report is filed with AOC-4.
₹100 per day per form. There is no low statutory cap like some other fees, so delays can become expensive. File on time.
