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One Person Company (OPC) Compliance by ND Salva & Associates
A One Person Company (OPC) is a unique corporate structure introduced under the Companies Act, 2013, enabling a single entrepreneur to enjoy the benefits of limited liability and corporate status without needing a co-founder.
However, even though OPCs are simplified entities, they are not exempt from legal and regulatory compliance. From annual filings to statutory audits, the law mandates that OPCs adhere to a defined set of compliance obligations.
Why OPC Compliance is Critical
Non-compliance with OPC regulatory requirements can result in:
Penalties and late fees
Disqualification of the director
Strike-off proceedings by ROC
Difficulty in raising funds or expanding operations
At ND Salva & Associates, we ensure your OPC stays compliant with all legal obligations under the Companies Act, 2013, Income Tax Act, and GST regulations.
OPC Annual Compliance Checklist
| # | Compliance | Form/Action | Due Date |
|---|---|---|---|
| 1 | Appointment of Auditor | ADT-1 | Within 15 days of appointment (within 30 days of incorporation) |
| 2 | Filing Financial Statements | AOC-4 | Within 180 days from end of financial year (typically by 27th September) |
| 3 | Filing Annual Return | MGT-7A | Within 60 days of signing financials |
| 4 | Director KYC | DIR-3 KYC / KYC-WEB | 30th September |
| 5 | Income Tax Return Filing | ITR-6 | 31st October (or as notified) |
| 6 | MSME Outstanding Dues | MSME Form I | 30th April & 31st October |
| 7 | Loan Disclosure (if applicable) | DPT-3 | 30th June |
| 8 | Disclosure of Interest | MBP-1 | First Board Meeting of Financial Year or upon change |
| 9 | Director Disqualification Declaration | DIR-8 | Annually |
| 10 | Commencement of Business | INC-20A | Within 180 days of incorporation |
| 11 | Registered Office (if not provided in SPICe+) | INC-22 | Within 30 days of incorporation |
| 12 | Board Meetings (if >1 director) | — | One per half-year, 90-day minimum gap |
| 13 | Maintenance of Statutory Registers | — | Ongoing |
| 14 | Display of Company Information | — | Ongoing |
| 15 | Financial Audit | — | Mandatory, regardless of turnover |
Statutory Filing Details
Form AOC-4
Purpose: Filing of Audited Financial Statements
Due Date: Within 180 days from end of financial year
Who Signs: Director and CA
Penalty for Delay: ₹100 per day of delay
Form MGT-7A
Purpose: Annual Return (simplified for OPCs)
Due Date: Within 60 days from financial statement approval
No AGM Required
Who Signs: Director (Company Secretary not mandatory)
DIR-3 KYC
Purpose: Director Identification Number (DIN) KYC
Due Date: 30th September
Applies To: All directors with DIN as of 31st March
Income Tax Return (ITR-6)
Mandatory for All OPCs
Even with NIL turnover
Due Date: 31st October (unless audit applies)
Other Mandatory OPC Compliances
Form DPT-3
Disclosure of loans or borrowings (even if not deposits)
Due Date: 30th June annually
Form MSME-I
For dues exceeding 45 days to registered MSMEs
Due Dates:
April to September: File by 31st October
October to March: File by 30th April
Form INC-20A
Declaration of Commencement of Business
Due Date: Within 180 days of incorporation
Pre-condition: Share capital must be deposited in bank account
Post-Incorporation Compliances
Open Current Account in OPC Name
Deposit Share Capital as per MoA
File Form INC-22 (if address not submitted via SPICe+)
Registers & Records Maintenance
OPCs must maintain:
Register of Members
Register of Directors
Minutes Book (even with 1 director)
Financial Books of Accounts
Director’s Interest Disclosures (MBP-1)
Resolutions passed by the sole director/member must be recorded as per Section 122 of the Companies Act.
Exemptions Available to OPCs
While OPCs must follow core legal compliance, they benefit from certain statutory relaxations, such as:
- No AGM Required
- Only One Director Permitted
- Simplified Board’s Report
- Exemption from Cash Flow Statement
- No Internal Financial Controls Audit
- No Auditor Rotation Requirement
- CARO Not Applicable
- Secretarial Standards (SS-1 & SS-2) Exempted (if only one director)
Tax Compliance Requirements
Income Tax:
ITR-6 Filing mandatory for all OPCs, even with zero income.
Audit applies if turnover exceeds ₹1 crore.
GST (if registered):
Monthly or quarterly GST return filing depending on turnover.
Annual return required if turnover exceeds ₹2 crore.
Documents Required for OPC Annual Filing
Sales & Purchase Invoices
Expense Receipts
Bank Statements (April to March)
GST Returns (if applicable)
TDS Returns & Challans (if applicable)
Audited Financial Statements (Balance Sheet, P&L)
Director’s Report
KYC documents of Director and Member
Details of any loans, borrowings, or deposits
Why Choose ND Salva & Associates for OPC Compliance?
As legal professionals, we don’t just “file forms” — we ensure full regulatory compliance, legal risk mitigation, and strategic advisory.
Our Services Include:
Timely filing of AOC-4, MGT-7A, ADT-1, DIR-3 KYC, DPT-3, MSME-I, INC-20A, and others
Preparation of Board Resolutions and Statutory Registers
Director compliance advisory (MBP-1, DIR-8)
Assistance with audit and tax return preparation
Post-incorporation guidance and checklist management
GST and TDS compliance advisory (if applicable)
Regular reminders to avoid penalties
Your Personalized OPC Compliance Calendar
Never miss a deadline. We provide all our clients with a custom annual compliance calendar, built specifically for your OPC.
Would you like:
A compliance dashboard for your OPC?
A starter kit for newly incorporated companies?
A flat-fee retainer plan for annual legal compliance?
Let’s discuss what works best for your business.
Let’s Simplify Your Compliance
ND Salva & Associates is your reliable partner for end-to-end OPC compliance management—from incorporation to audit and beyond.
Book a Compliance Consultation Now
