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What are annual compliances for OPC?
Annual compliances for OPC refer to the yearly filings and documentation that a One Person Company must complete with the ROC as per the Companies Act, 2013.
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Which forms are required for OPC annual compliance?
An OPC must file Form AOC-4 for financial statements and Form MGT-7A for annual return each financial year.
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Is annual filing mandatory for OPCs with no business activity?
Yes, even if an OPC has no business transactions, it must still file its annual compliances with the ROC.
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What is the due date for filing Form AOC-4?
Form AOC-4 must be filed within 180 days from the end of the financial year, i.e., generally by 27th September.
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What is the due date for filing Form MGT-7A?
Form MGT-7A must be filed within 60 days from the date of the Annual General Meeting (AGM) or by 28th November, whichever is earlier.
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What happens if OPC fails to file annual returns on time?
If an OPC delays filing, a penalty of ₹100 per day per form is charged until the filing is completed.
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Is an audit mandatory for OPC annual compliance?
Yes, every OPC must get its financial accounts audited annually, even if it has no revenue.
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Who is responsible for filing OPC compliances?
The director of the OPC is responsible for ensuring that all annual filings and ROC submissions are completed on time.
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Does an OPC need to conduct an Annual General Meeting?
No, an OPC is not required to hold an AGM; however, it must still file annual forms like any other company.
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What are the penalties for non-filing of OPC compliances?
Continuous non-filing may lead to heavy penalties, disqualification of the director, and even strike-off of the company by the MCA.
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Can OPC compliance be filed online?
Yes, OPC annual compliances are filed entirely online through the MCA portal using a valid Digital Signature Certificate (DSC).
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Can a newly incorporated OPC skip annual filing in its first year?
No, newly incorporated OPCs must file annual returns and financial statements from the year of incorporation itself.
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What documents are required for OPC annual filing?
The required documents include incorporation certificate, MOA, AOA, financial statements, audit report, and director details.
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Is there a need to appoint a company secretary for OPC compliance?
No, a company secretary is not mandatory for an OPC, but professional help ensures accurate filing and compliance.
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What benefits does timely OPC compliance provide?
Timely filing maintains active company status, improves credibility, avoids penalties, and enhances investor trust.
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Can an OPC convert to a private limited company after compliance filing?
Yes, an OPC can convert to a private limited company if it meets eligibility conditions after completing all pending compliances.
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What is the difference between OPC and private company compliances?
OPC compliances are simpler as there is only one director and no need to hold AGMs, unlike private limited companies.
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What is Form MGT-7A used for?
Form MGT-7A is used by OPCs and small companies to file their annual return, providing details of share capital, directors, and compliance confirmation.
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Can an OPC file annual compliances without an auditor?
No, every OPC must appoint an auditor who verifies and signs off the financial statements before filing.
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How does Ebizfiling help with annual compliances for OPC?
Ebizfiling prepares documents, files Form AOC-4 and MGT-7A, ensures timely submission, and provides reminders so that OPCs stay compliant with ROC regulations every year.