Filing Annual Compliances for One Person Company

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A one Person Company is formed with a single person who acts as both the director and a shareholder. The OPC is required to strictly stick to the annual compliances stated under the Income Tax Act, the Companies Act and other regulations applicable.

The annual return of an OPC needs to be filed with the ROCs as Form MGT-7. The ITR of OPC and annual return must be filed before September 30 each year.

Deposition of Annual Return Filing

Providing the evidence of the Annual Return filing of OPC is necessary because the law asks for it. There is a need to submit the MGT-7 form which must be filled by all the OPCs registered in India every year. 

Documents required for filing OPC

In order to file the OPC returns, the following documents need to be ready with the company:

  • Annual General Meeting notice
  • Board of Directors Report
  • Scheduled financial statements
  • Independent Auditor report
  • Form MGT-8 and 9
  • Class 2 Digital Signature

The ITRs, Financial statements and annual statement filing is a must for every OPC. Every year, the company needs to comply with the concerned authority. If the company fails to file these, it may face legal issues and pay fine for these.

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