OPC Compliance

Why OPC Compliance Matters Legal Standing: Maintain active company status and avoid penalties or legal action. Business Credibility: Build trust with clients, banks, and partners through timely compliance. Operational Efficiency: Ensure uninterrupted business operations with up-to-date records and filings. OPC Compliance Services Appointment of Auditor Appoint a practicing Chartered Accountant as the first auditor within 30 days of incorporation. Auditor appointment is mandatory for statutory audit and annual filings. Commencement of Business Declaration File the declaration of commencement of business (Form INC-20A) within 180 days of incorporation. Confirms receipt of subscription money and readiness to start business activities. Annual Return Filing File the annual return (Form MGT-7A) within 180 days from the end of the financial year. Includes details of company performance, shareholding, and key information. Financial Statement Submission Submit audited financial statements ( Form AOC-4 ) within 180 days from the end of the financial year. Includes balance sheet, profit & loss account, and director’s report. Director KYC Compliance Complete director KYC (Form DIR-3 KYC) annually by September 30th for all directors holding DIN. Ensures updated and accurate director information with the authorities. Income Tax Return Filing File income tax returns by the specified due date each year. Required for financial transparency and compliance with tax laws. Statutory Registers & Record Maintenance Maintain statutory registers such as Register of Members, Directors, and Share Certificates. Update records as per the Companies Act requirements. Other Essential Filings File Form DPT-3 annually for return of deposits and particulars not considered as deposits. Disclose director interest in other entities annually using Form MBP-1. Who Needs OPC Compliance Services? Solo Entrepreneurs: Individuals running a company as a single member and director. Consultants & Professionals: Service providers operating under the OPC structure. Small Business Owners: Entrepreneurs seeking limited liability and simplified compliance. How Our OPC Compliance Process Works Step 1 – Select Your Compliance Package Choose from annual or customized compliance plans suited to your business needs. Step 2 – Upload Documents Securely Share incorporation documents, financial records, previous filings , and director details. Step 3 – Expert Filing & Compliance Our team prepares, reviews, and files all required forms and returns accurately and on time. Step 4 – Ongoing Support Receive compliance reminders, regular updates, and expert advice. OPC Compliance Checklist Edit Compliance Area Requirement Auditor Appointment Within 30 days of incorporation Commencement Declaration Within 180 days of incorporation Annual Return File within 180 days of financial year-end Financial Statements File audited statements within 180 days of financial year-end Director KYC Complete by September 30th annually Income Tax Return File by specified due date Statutory Registers Maintain and update as per law Form DPT-3 File annually for deposits and non-deposits Disclosure of Interest File MBP-1 annually Data Security Ensure secure handling of all company and personal data Frequently Asked Questions (FAQs) What are the mandatory compliances for a One Person Company? Mandatory compliances include appointment of auditor, annual return filing, submission of audited financial statements, director KYC, income tax return filing, and maintenance of statutory registers. What is the penalty for non-compliance with OPC regulations? Non-compliance can result in daily penalties, fixed fines, and in severe cases, removal of company status and director disqualification. When should the annual return and financial statements be filed? Both the annual return and audited financial statements must be filed within 180 days from the end of the financial year. Is a statutory audit required for a One Person Company? Yes, a statutory audit by a Chartered Accountant is mandatory, regardless of turnover. How do I get started with OPC compliance services? Contact us, choose your compliance package, upload your documents, and our experts will handle all filings and compliance requirements. Get Started Contact us today for a free consultation and a customized compliance plan. Experience hassle-free, reliable, and secure OPC compliance services designed for your business success. Let our experts manage your compliance, so you can focus on growth.