OPC-Compliance


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One Person Company (OPC) Compliance by ND Salva & Associates

A One Person Company (OPC) is a unique corporate structure introduced under the Companies Act, 2013, enabling a single entrepreneur to enjoy the benefits of limited liability and corporate status without needing a co-founder.

However, even though OPCs are simplified entities, they are not exempt from legal and regulatory compliance. From annual filings to statutory audits, the law mandates that OPCs adhere to a defined set of compliance obligations.

Why OPC Compliance is Critical

Non-compliance with OPC regulatory requirements can result in:

Penalties and late fees
Disqualification of the director
Strike-off proceedings by ROC
Difficulty in raising funds or expanding operations

At ND Salva & Associates, we ensure your OPC stays compliant with all legal obligations under the Companies Act, 2013, Income Tax Act, and GST regulations.

OPC Annual Compliance Checklist

#	Compliance	Form/Action	Due Date
1	Appointment of Auditor	ADT-1	Within 15 days of appointment (within 30 days of incorporation)
2	Filing Financial Statements	AOC-4	Within 180 days from end of financial year (typically by 27th September)
3	Filing Annual Return	MGT-7A	Within 60 days of signing financials
4	Director KYC	DIR-3 KYC / KYC-WEB	30th September
5	Income Tax Return Filing	ITR-6	31st October (or as notified)
6	MSME Outstanding Dues	MSME Form I	30th April & 31st October
7	Loan Disclosure (if applicable)	DPT-3	30th June
8	Disclosure of Interest	MBP-1	First Board Meeting of Financial Year or upon change
9	Director Disqualification Declaration	DIR-8	Annually
10	Commencement of Business	INC-20A	Within 180 days of incorporation
11	Registered Office (if not provided in SPICe+)	INC-22	Within 30 days of incorporation
12	Board Meetings (if >1 director)	—	One per half-year, 90-day minimum gap
13	Maintenance of Statutory Registers	—	Ongoing
14	Display of Company Information	—	Ongoing
15	Financial Audit	—	Mandatory, regardless of turnover

Statutory Filing Details

Form AOC-4

Purpose: Filing of Audited Financial Statements
Due Date: Within 180 days from end of financial year
Who Signs: Director and CA
Penalty for Delay: ?100 per day of delay

Form MGT-7A

Purpose: Annual Return (simplified for OPCs)
Due Date: Within 60 days from financial statement approval
No AGM Required
Who Signs: Director (Company Secretary not mandatory)

DIR-3 KYC

Purpose: Director Identification Number (DIN) KYC
Due Date: 30th September
Applies To: All directors with DIN as of 31st March

Income Tax Return (ITR-6)

Mandatory for All OPCs
Even with NIL turnover
Due Date: 31st October (unless audit applies)

Other Mandatory OPC Compliances

Form DPT-3

Disclosure of loans or borrowings (even if not deposits)
Due Date: 30th June annually

Form MSME-I

For dues exceeding 45 days to registered MSMEs
Due Dates:

April to September: File by 31st October
October to March: File by 30th April

Form INC-20A

Declaration of Commencement of Business
Due Date: Within 180 days of incorporation
Pre-condition: Share capital must be deposited in bank account

Post-Incorporation Compliances

Open Current Account in OPC Name
Deposit Share Capital as per MoA
File Form INC-22 (if address not submitted via SPICe+)

Registers & Records Maintenance

OPCs must maintain:

Register of Members
Register of Directors
Minutes Book (even with 1 director)
Financial Books of Accounts
Director’s Interest Disclosures (MBP-1)

Resolutions passed by the sole director/member must be recorded as per Section 122 of the Companies Act.

Exemptions Available to OPCs

While OPCs must follow core legal compliance, they benefit from certain statutory relaxations, such as:

No AGM Required
Only One Director Permitted
Simplified Board’s Report
Exemption from Cash Flow Statement
No Internal Financial Controls Audit
No Auditor Rotation Requirement
CARO Not Applicable
Secretarial Standards (SS-1 & SS-2) Exempted (if only one director)

Tax Compliance Requirements

Income Tax:

ITR-6 Filing mandatory for all OPCs, even with zero income.
Audit applies if turnover exceeds ?1 crore.

GST (if registered):

Monthly or quarterly GST return filing depending on turnover.
Annual return required if turnover exceeds ?2 crore.

Documents Required for OPC Annual Filing

Sales & Purchase Invoices
Expense Receipts
Bank Statements (April to March)
GST Returns (if applicable)
TDS Returns & Challans (if applicable)
Audited Financial Statements (Balance Sheet, P&L)
Director’s Report
KYC documents of Director and Member
Details of any loans, borrowings, or deposits

Why Choose ND Salva & Associates for OPC Compliance?

As legal professionals, we don’t just “file forms” — we ensure full regulatory compliance, legal risk mitigation, and strategic advisory.

Our Services Include:

Timely filing of AOC-4, MGT-7A, ADT-1, DIR-3 KYC, DPT-3, MSME-I, INC-20A, and others
Preparation of Board Resolutions and Statutory Registers
Director compliance advisory (MBP-1, DIR-8)
Assistance with audit and tax return preparation
Post-incorporation guidance and checklist management
GST and TDS compliance advisory (if applicable)
Regular reminders to avoid penalties

Your Personalized OPC Compliance Calendar

Never miss a deadline. We provide all our clients with a custom annual compliance calendar, built specifically for your OPC.

Would you like:

A compliance dashboard for your OPC?
A starter kit for newly incorporated companies?
A flat-fee retainer plan for annual legal compliance?

Let’s discuss what works best for your business.

Let’s Simplify Your Compliance

ND Salva & Associates is your reliable partner for end-to-end OPC compliance management—from incorporation to audit and beyond.

Book a Compliance Consultation Now