In the evolving Indian business landscape, One Person Company (OPC) has emerged as a popular choice for solo entrepreneurs. It offers the benefits of a private limited company structure while allowing a single person to incorporate and run the business. However, like any other registered company, an OPC also needs to adhere to certain compliance norms set by the Ministry of Corporate Affairs (MCA). Among these, filing the OPC annual return is one of the most important obligations that ensures transparency and legal standing.
What is an OPC Annual Return?
An OPC annual return is a statutory filing that every One Person Company is required to submit to the Registrar of Companies (ROC) every financial year. This return provides details about the company’s structure, financial position, and compliance status. Even if the OPC has no business activity or profit, the annual return must be filed to avoid penalties and maintain an active status.
At Ebizfiling, we assist OPCs in preparing and submitting their annual returns accurately and on time, so they can focus on growing their business while we handle the compliance.
Key Components of OPC Annual Compliance
An OPC needs to comply with the following annual filing requirements:
Form MGT-7A (Annual Return):
Introduced specifically for OPCs and small companies, MGT-7A contains details of the registered office, shareholding structure, director details, and more. This form must be filed within 60 days from the date of the Annual General Meeting (AGM), though AGMs are not mandatory for OPCs.Form AOC-4 (Financial Statements):
This form includes the balance sheet, profit and loss account, auditor’s report, and board’s report. It must be filed within 180 days from the end of the financial year.DIR-3 KYC:
Directors of the OPC must complete their KYC every year through this form, ensuring their contact details are updated in the MCA records.
Due Dates for OPC Annual Return Filing
| Form | Purpose | Due Date |
|---|---|---|
| AOC-4 | Financial Statements | 27th September (for FY ending 31st March) |
| MGT-7A | Annual Return | 26th November (for FY ending 31st March) |
| DIR-3 KYC | Director’s KYC | 30th September |
Note: Dates may vary slightly depending on the financial year and regulatory updates.
Consequences of Non-Compliance
Failing to file OPC annual returns can lead to serious consequences, including:
Late Fees: ₹100 per day per form until the default is corrected.
Disqualification of Directors: If non-compliance continues for three consecutive years.
Strike Off: The ROC may strike off the company from its register.
Regular and timely filing not only avoids penalties but also builds credibility with stakeholders, banks, and investors.
Benefits of Timely OPC Annual Return Filing
Legal Compliance: Keeps the company compliant with MCA norms.
Avoids Penalties: Saves the company from hefty late filing fees.
Financial Transparency: Enhances business trustworthiness and funding opportunities.
Active Company Status: Maintains legal status and eligibility for future operations.
How Ebizfiling Can Help
Filing annual returns may seem simple, but accuracy and deadlines are crucial. Ebizfiling provides expert support for OPC annual compliance, including:
Preparation and submission of MGT-7A and AOC-4
Timely reminders and document collection
Affordable packages and transparent pricing
PAN India support with expert legal professionals
Whether you're a new OPC or an existing company, we ensure seamless compliance while you focus on your business.
Final Thoughts
Compliance is not just a legal formality but a critical part of maintaining a healthy business structure. Filing your OPC annual return on time reflects professionalism and ensures smooth operations. With the right guidance and timely support from Ebizfiling, you can stay worry-free and compliant throughout the year.
