OPC Annual Filing

Complete annual compliance for One Person Companies — AOC‑4, MGT‑7A, Director's Report, and Income Tax filing under the Companies Act, 2013

OPC Annual Filing

What is OPC Annual Filing?

A One Person Company (OPC) is a unique business structure introduced under the Companies Act, 2013 that combines the benefits of a sole proprietorship with the legal status of a company. Despite having a single member, an OPC is required to file annual returns and financial statements with the Registrar of Companies (ROC) every year, just like any other company. Failure to comply attracts significant penalties.

Mandatory Annual Filings for OPC

  • Form AOC‑4: Filing of Financial Statements (Balance Sheet, Profit & Loss Account, and other financial documents). Due within 180 days from the closure of the financial year — typically by 27th September (for FY ending 31st March).
  • Form MGT‑7A: Annual Return (abridged form specifically for OPCs and small companies). Due within 60 days from the date on which the financial statements are adopted — typically by 27th November.
  • Director's Report: A report prepared by the director covering the company's affairs, financial performance, and compliance status, to be attached with the financial statements.
  • Income Tax Return: Filing of ITR (typically ITR‑6) with the Income Tax Department by the prescribed due date (usually 31st October for non‑audit cases, or 30th November for audit cases).

Audit Requirements for OPC

  • An OPC must get its books of accounts audited by a practicing Chartered Accountant every year.
  • However, if the OPC's turnover does not exceed Rs. 2 crore in a financial year, it may be exempt from mandatory audit under certain provisions — though it is still advisable to maintain proper books and get them reviewed.
  • Even if audit is not mandatory, the financial statements must still be prepared and filed in AOC‑4.

Documents Required for OPC Annual Filing

  • Audited Financial Statements (Balance Sheet, Profit & Loss, Schedules, and Notes to Accounts).
  • Director's Report along with annexures.
  • Audit Report (if applicable) signed by the statutory auditor.
  • Details of shares, debentures, and membership.
  • Board meeting minutes (though an OPC has a single director, resolutions must be recorded).
  • PAN and DIN of the director.
  • Digital Signature Certificate (DSC) of the director for filing forms on the MCA portal.
  • Bank statements and details of all transactions for the financial year.
  • Previous year's filed returns and acknowledgment copies.

Penalties for Late Filing

Under the Companies Act, 2013, late filing of AOC‑4 or MGT‑7A attracts an additional fee of Rs. 100 per day per form. This can accumulate rapidly and become a significant financial burden. Persistent non‑compliance may also lead to disqualification of the director and striking off of the company by the ROC.

File Your OPC Annual Returns

Our experts will prepare, audit‑coordinate, and file your OPC compliance before the due date.

Our OPC Annual Filing Process

A streamlined, step‑by‑step approach to ensure your OPC remains fully compliant.

1. Document Collection & Review

We collect all financial records, bank statements, invoices, and previous year filings. Our team reviews the completeness and accuracy of your books.

2. Accounts Finalization

We assist in preparing the Balance Sheet, Profit & Loss Account, and all schedules in Schedule III format as per the Companies Act, 2013.

3. Audit Coordination

We coordinate with a practicing Chartered Accountant to get your books audited (if applicable) and obtain the signed Audit Report.

4. Director's Report & Resolution

We draft the Director's Report, prepare board resolutions, and ensure all disclosures under the Companies Act are included.

5. MCA Filing (AOC‑4 & MGT‑7A)

Using your DSC, we upload and file Form AOC‑4 and Form MGT‑7A on the MCA V3 portal. You receive the acknowledgment and SRN for your records.

6. Income Tax Return Filing

We also prepare and file your company's Income Tax Return (ITR‑6) with the Income Tax Department, ensuring all deductions and exemptions are claimed.

Frequently Asked Questions

Key queries about OPC annual compliance

An OPC must file Form AOC‑4 (financial statements), Form MGT‑7A (annual return), and also file its Income Tax Return (ITR‑6). Additionally, the director's report must be prepared and attached. These filings must be completed within the prescribed due dates to avoid penalties.
Form AOC‑4 is due within 180 days from the end of the financial year (typically by 27th September). Form MGT‑7A is due within 60 days from the date on which financial statements are adopted (usually by 27th November). The Income Tax Return is due by 31st October (if no audit) or 30th November (if audit is required).
Yes, every OPC must get its books of accounts audited by a practicing Chartered Accountant. However, if the turnover does not exceed Rs. 2 crore in a financial year, the OPC may be exempt from mandatory audit under certain provisions of the Companies Act, but financial statements must still be prepared and filed.
Late filing attracts an additional fee of Rs. 100 per day per form under the Companies Act, 2013. This can accumulate quickly. The ROC may also initiate action for non‑compliance, including disqualification of the director and striking off the company.
While it is possible to file on your own, the process involves detailed preparation of financial statements, audit coordination, and accurate filing with the MCA and Income Tax Department. Using a professional ensures compliance, avoids errors, and saves time.