Facebook tag
Compliances of OPC Company Image

Book

Compliances of OPC Company

at Just

7219

Customer Rating: 3.8

Expected To Be Complete* : 08 Apr 2024

Government fees for annual compliance of OPC Company will vary from INR 1500 to 2500 to be paid extra, if there will be any penalty, it will also be paid extra.
TERMS : Nil Compliance only includes MCA Compliance, ITR filing and Financial Preparation.

Choose Number of Invoices (Monthly)

Bronze Package

  • Appoinment of Auditor within 30 days and filling ADT-1 
  • Preparation and filing of INC-20A within 180 days from the date of incorporation.
  • Preparation and filing of AOC-4
  • Preparation and filing of MGT-7
  • Preparation and filing of DPT-3
  • Director KYC Through From DIR-3 KYC or Web Based KYC, as Applicable

Silver package

  • Appoinment of Auditor within 30 days and filling ADT-1 
  • Preparation and filing of INC-20A within 180 days from the date of incorporation.
  • Preparation and filing of AOC-4
  • Preparation and filing of MGT-7
  • Preparation and filing of DPT-3
  • Director KYC Through From DIR-3 KYC or Web Based KYC, as Applicable  
  • GST Return Filing 
  • TDS & Advance Tax
  • Acountant Support
  • Acounting Review

Gold Package

  • Appoinment of Auditor within 30 days and filling ADT-1 
  • Preparation and filing of INC-20A within 180 days from the date of incorporation.
  • Preparation and filing of AOC-4
  • Preparation and filing of MGT-7
  • Preparation and filing of DPT-3
  • Director KYC Through From DIR-3 KYC or Web Based KYC, as Applicable  
  • GST Return Filing 
  • TDS & Advance Tax
  • Acountant Support
  • Acounting Review
  • In House Book Keeping
  • Financial Preparation 
  • Charted Accountant Support

Customer Review

Customers Review About Compliances of OPC Company

One person company(OPC)compliances

One personal company is where a company that can be started with 1 director and 1 member or both. It is governed by the Companies Act 2013. This kind of company was introduced to encourage small businesses that can enjoy the benefits of both company and sole proprietorship features.

Advantages of one-person company

  • It is easy to raise funds for OPC company as it is a private company and financial institutions would like to invest in these types of companies.
  • As OPC is a private company, it enjoys separate legal status from its member, and liability is limited to the contribution of its member.
  • To start OPC, you require just 1 member who can play both the roles of director and member, and the procedure for registration is simple and less time-consuming.
  • Management of OPC is simple, as it is formed by a single person and there is no conflict in decision-making like in other companies.
  • It has perpetual succession, while registering the member should appoint a nominee to continue business after his or her retirement or death.
  • Compliances for OPC come with certain exemptions which are provided by the Companies Act 2013, for the benefit of OPC.

These are the advantages of starting one personal company

What are the Compliance for OPC

The Companies Act 2013 has provided simple compliances which should be followed by the company such as,

  1. The financial year for OPC company starts on the 1st of April and ends on the 31st of March every year.
  2. The company must conduct board meetings twice in the year [ half-yearly once] and the gap between 2 meetings should not be less than 90 days.
  3. After incorporation of a business, the company should file form INC 20A with the ROC for commencement of business within 180 days.
  4. Stamp duty should be paid within 30 days of issuing the share certificate.
  5. The company should file MBP – 1 for disclosure of interest of directors in a first board meeting or whenever there are changes in directors.
  6. Form DIR – 8 should be filed every financial year by the directors stating that they are qualified.
  7. The company should compulsorily maintain statutory registers, minute books, and other required records of the company.
  8. Form AOC-4 should be filed by the company from the end of the financial year within 180 days and this form is about filing financial statements.
  9. Annual returns of the company should be filed every year and at the end of the financial year within 180 days by filing form MGT -7.
  10. The company should file an income tax return every year on or before September 30th.
  11. The director of the company should file DIR – 3 KYC to ROC on or before the 30th of September.
  12. The company should appoint an auditor every 5 years.
  13. The company should file an MSME e-form if it has outstanding dues for micro-business with exceeds for more than 45 days.
  14.   The company should file e form DPT – 3 which is about outstanding loans as of 31st of March.
  15.   The company is not required to file an annual return within 60 days of AGM.

These are the compliance for OPC to be fulfilled with the MCA

FAQs of Compliances of OPC Company

The compliance requirements for an OPC company are similar to that of a private limited company. Some of the major compliances are:
Filing of annual returns
Holding board meetings and general meetings
Maintaining proper books of accounts
Complying with the provisions of the Companies Act, 2013
The sole owner of the OPC company is responsible for ensuring compliance with all the applicable laws and regulations.
Yes, it is mandatory for an OPC company to have a statutory auditor who will be responsible for auditing the company's financial statements and reporting any discrepancies.
An OPC company is required to file income tax returns every year and pay taxes on the income earned. The owner of the company also needs to file personal income tax returns.

Didn't find what you are looking for?

Just share your contact details below and our Expert will help you with all the information as per the requirement
Cost & Process

Cost & Process

Documents Required

Start Your Business

Renewal Process

How To Apply Online

How To Apply Online

Processing & Approval Time

Processing & Approval Time

Formalities & Requirements

Formalities & Requirements

GET EXPERT ADVICE FOR FREE

Companify Support Call