One Person Company Annual Compliance
The reduced but still mandatory annual filings that a one person company must complete each year.
A one person company carries a lighter compliance load than a private limited company, but it is still a company. The annual filings to the Registrar and the income tax department all apply, and the penalties for missing them are identical.
The relaxations are real but narrower than owners often assume. No annual general meeting is required, and the annual return is filed on a simplified form — but the audit, the financial statements and the filings themselves are unavoidable.
Choose a package
MCA Compliance - 1 Year
₹18,904 plus GST
- A named accountant on your file
- A named compliance advisor
- Annual accounts and the one person company annual return filed
- Books maintained through the year
- Financial statements prepared
- ITR-6 Return Filing
- DIN KYC for 1 Director
MCA Compliance - 2 Years
₹28,404 plus GST
- A named accountant on your file
- A named compliance advisor
- Annual accounts and the one person company annual return filed
- Books maintained through the year
- Financial statements prepared
- ITR-6 Return Filing
- DIN KYC for 1 Director
MCA Compliance - 3 Years
₹43,604 plus GST
- A named accountant on your file
- A named compliance advisor
- Annual accounts and the one person company annual return filed
- Books maintained through the year
- Financial statements prepared
- ITR-6 Return Filing
- DIN KYC for 1 Director
The annual calendar
- Statutory auditor appointed within thirty days of incorporation, and ADT-1 filed
- Financial statements prepared and audited, regardless of turnover
- Form AOC-4 — filing of the audited financial statements
- Form MGT-7A — the simplified annual return for a one person company
- DIR-3 KYC for the director, by 30 September
- Income tax return in Form ITR-6
- Quarterly TDS returns, where tax is deducted
What is relaxed, and what is not
An OPC need not hold an annual general meeting, and where there is a single director the board meeting requirements are relaxed to one meeting in each half of the year with a minimum gap between them.
A resolution by the sole member is entered in the minutes book and signed, which is treated as passing the resolution. The cash flow statement may be omitted from the financial statements. Everything else applies as it does to any company.
The nominee has to be kept current
The nominee named at incorporation is not a set-and-forget matter. If the nominee withdraws, dies or becomes disqualified, a new nominee must be named and the change filed within the prescribed time.
An OPC without a valid nominee on record is non-compliant, and it defeats the purpose of the structure — which is to keep the company alive if something happens to the sole member.
How we handle it
- 1 Compliance review We check what has been filed and what is outstanding, including for earlier years.
- 2 Finalising accounts Books are closed and the financial statements prepared for audit.
- 3 Audit coordination We work with your statutory auditor; their fee is payable directly to them.
- 4 Resolutions and minutes Sole member resolutions are recorded in the minutes book as the Act requires.
- 5 ROC filings AOC-4 and MGT-7A are filed within their due dates, along with any event-based forms.
- 6 Tax filings ITR-6 and the quarterly TDS returns are prepared and filed.
Frequently asked questions
Does an OPC need an audit?
Yes. Every company must appoint a statutory auditor and have its accounts audited, whatever its turnover. There is no small-company exemption from audit.
Do I have to hold an annual general meeting?
No. An OPC is exempt. A resolution by the sole member entered in the minutes book and signed is treated as having been passed.
What if the company had no business?
The full annual filing set is still due. Nil filings carry the same per-day penalty if late as filings for an active company.
What happens if my nominee withdraws?
You must nominate someone else and file the change within the prescribed time. An OPC without a valid nominee on record is non-compliant.
When must an OPC convert to a private limited company?
Conversion is voluntary at any time. It also becomes necessary where the structure no longer suits — for instance when you take on a second shareholder.
What is not included. Government fees, statutory charges, stamp duty, court and registry fees, digital signature costs and any third-party professional charges are separate and payable at actuals. GST applies on professional fees where indicated. Prices shown are indicative and may change without notice; we confirm the total in writing before any work begins — see our terms on pricing.
Talk to us about One Person Company Annual Compliance
Share your requirement and our team will confirm the documents needed, the exact charges and a realistic timeline — usually the same working day.
- Expert document checking before submission
- Regular status updates on WhatsApp
- Transparent professional charges
- Assistance in Marathi & English
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