Filing annual returns on time is mandatory for every One Person Company (OPC) in India under the Companies Act, 2013. Missing these deadlines leads to penalties and late fees imposed by the Ministry of Corporate Affairs (MCA). This blog explains the penalties for late filing and how OPCs can avoid them by staying compliant.
An OPC annual return is a yearly filing required under the Companies Act, 2013. It reflects the company’s financial health, ownership, and compliance status. The main forms involved are AOC-4 (for financial statements) and MGT-7A (for annual return). Timely filing of these ensures legal transparency and smooth operations for OPCs.
Timely filing of annual returns helps maintain the company’s legal standing and builds trust with stakeholders. It’s essential for securing funding, maintaining an active DIN, and avoiding “non-compliant” status on the MCA portal, which could lead to future legal issues.
Staying compliant with annual return filings is more than a legal formality—it’s a mark of good governance. Avoid penalties, protect your director status, and build a trustworthy business reputation by filing on time. With proper planning and professional support, OPC compliance can be smooth and stress-free.
Form AOC-4 for OPC Annual Filing
Mandatory Compliance List for OPC
Form AOC-4 must be filed within 180 days from the end of the financial year, while Form MGT-7A should be filed within 60 days of the financial year’s end.
A late fee of ₹100 per day is charged. Additionally, under Section 137, the company can be fined ₹10,000 plus ₹100 per day, up to ₹10,00,000. Directors also face penalties.
Yes, if an OPC repeatedly fails to file annual returns, the MCA may initiate the process to strike off the company from its official records.
Yes, both forms are mandatory and must be filed annually to comply with the Companies Act, 2013.
Stay aware of due dates, keep records updated, file in advance, and consider using professional or automated filing services to ensure timely compliance.
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