Annual Compliance for One Person Company (OPC) in India – Simplified Guide

A One Person Company (OPC) is a type of private limited company in India, formed and managed by a single individual. Even though it has only one owner, it must still follow certain legal rules under the Companies Act, 2013 — including annual compliance filing with the ROC (Registrar of Companies).

• Financial Statements (Form AOC-4)
• Annual Return (Form MGT-7A)

These filings are based on the financial year — April 1 to March 31 — and must be submitted even if the company had no income or activity. Unlike larger companies, OPCs enjoy simplified compliance, but missing deadlines can lead to penalties and director disqualification. Required details include:

• Balance Sheet and Profit & Loss
• Company’s Registered Office Address
• Shareholding and Director details

Key Forms Required for OPC Annual Compliance Filing

ROC Form MGT-7

• Contains details of shareholding structure, changes in directorship, and share transfers during the year (if any).
• Due Date: 60 days from the completion of six months after the financial year ends (i.e., 28th November).
• Since OPCs are not required to hold an AGM, this timeline applies instead of the standard AGM-based deadline.

ROC Form AOC-4

• Includes details related to the company’s Balance Sheet, Profit & Loss Account, Compliance Certificate, Registered Office Address, Register of Members, Shares &
• Debentures, Debt, and Management Information.
• Debentures, Debt, and Management Information.

ROC Form ADT-1

• Filed for the appointment of an auditor.
• Due Date: 14th October (within 15 days from the conclusion of the AGM).

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Additional Compliances

• DIR-3 KYC: Directors need to update their KYC details every year by filing this form. If they fail to do so, their DIN (Director Identification Number) will be deactivated. Without an active DIN, they cannot sign documents or act as a director.
• DIR-3 KYC: Directors need to update their KYC details every year by filing this form. If they fail to do so, their DIN (Director Identification Number) will be deactivated. Without an active DIN, they cannot sign documents or act as a director.
• DPT-3: Companies must report details of outstanding loans and deposits as of March 31 each year. This helps the government track financial liabilities of companies. Filing this form late may result in fines or legal action.
• MSME-I: Companies must submit this report every six months if they have unpaid dues to MSMEs for more than 45 days. This helps monitor payments to small businesses and ensures compliance with MSME laws. Not filing the form on time can lead to penalties and legal issues.

Penalties for OPC Non-Compliances

Failing to comply with OPC annual filing requirements can lead to heavy penalties, legal scrutiny, and even the company’s removal from official records. Non-filing of annual returns (MGT-7A) and financial statements (AOC-4) results in a penalty of ₹100 per day per form, while continuous non-compliance for two years can lead to the company being struck off by the MCA. Additionally, if filings are not completed for three consecutive years, the sole director may be disqualified for five years, restricting their ability to manage any company.