One Person Company Compliances

One Person Company Complainces

✅ One Person Company (OPC) Compliances

An OPC (One Person Company) is a private company with only one owner, but it still has to follow certain rules just like any company.
The compliances are simpler than a normal private limited company, but still mandatory.

1️⃣ Basic Annual Compliances

✔ AOC-4 (Financial Statements)

This is the company’s annual financial statement filing.

Due Date:

📅 180 days from end of financial year

(For most OPCs → around 27th September)

✔ MGT-7A (Annual Return)

This tells government who the shareholder is, and details of the company.

Due Date:

📅 60 days from AGM date

📌 OPC is NOT required to hold an AGM, so counting starts from 27th September → generally 26th November

2️⃣ Board Meetings

OPC doesn’t need many meetings.

✔ Only 1 Board Meeting every 6 months

✔ Gap must be at least 90 days

✔ No AGM required

3️⃣ Maintaining Company Records

OPC must maintain:

✔ Minutes book
✔ Share certificates
✔ Statutory registers
✔ Books of accounts
✔ Bank statements, invoices, bills

Even with one owner, records must be maintained properly.

4️⃣ Income Tax Return (ITR-6)

OPC must file ITR-6 every year.

Due Date:
📅 31 October (if audit applies)
📅 31 July (if no audit)

5️⃣ Audit Requirements

OPC needs a statutory audit from a Chartered Accountant every year — even if there is no business, no profit, or no transactions.

Audit is compulsory for all companies (unlike LLP).

6️⃣ GST Compliances (If Registered)

If OPC is under GST:

✔ File GSTR-1 & GSTR-3B
✔ Maintain GST invoices
✔ E-invoicing (if turnover crosses limits)
✔ ITC reconciliation

7️⃣ TDS Compliance (If Applicable)

If OPC pays:

• Rent
• Professional fees
• Salaries
• Contractors

…it must:

✔ Deduct TDS
✔ Pay monthly
✔ File quarterly TDS returns

8️⃣ Event-Based Compliances

These are required only if something changes in the company:

✔ Change in director (DIR-12)
✔ Change in registered office (INC-22)
✔ Increase in capital
✔ Appointment of auditor (ADT-1)
✔ Filing resolutions (MGT-14 in special cases)

⭐ Quick Summary

Compliance	OPC Requirement
Annual Return	MGT-7A
Financial Statement	AOC-4
Audit	Mandatory
Income Tax Return	ITR-6
Board Meetings	1 every 6 months
GST/TDS	Only if applicable
AGM	Not required

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