Annual Compliance for One Person Company

Every OPC shall comply with Annual Requirements of ROC and Income Tax and shall file
Income Tax Return every year before 30th Sep
File Form MGT-7 – Statement of Disclosure of ShareHolders and Directors – within 60 days from Date of Annual General Meeting (AGM)
File Form AOC-4- Annual Accounts of Companies before 30th October every year.

Procedure For Annual Compliance fulfilment Procedure

Maintain Proper Books of Accounts.
Prepare and File Balance Sheet.
Get your accounts Audited by Chartered Accountant.
File Form ADT-1, AOC-4 and Form MGT-7 with ROC.
File Income Tax Returns with Income Tax Department.

Need for Annual Compliance

Late filing or non-filing of Annual Return before the due date will attract a penalty 12 Times of Normal Fees.
Further, the Company cannot be wound-up or closed without filing of the return.
Therefore, it is best to file the Annual Return within the due dates