Ishita Ramani
Quick Summary
Many small business owners wonder whether their OPC qualifies for exemptions from filing the OPC Annual Return. In this article, we shall help you know whether your OPC qualifies for an exemption or not. What is the OPC Annual Return? Every OPC registered under the Companies Act, 2013, is requir
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FAQ :
An OPC Annual Return involves filing financial statements (Form AOC-4) and the annual return itself (Form MGT-7A) with the Ministry of Corporate Affairs (MCA) as required by the Companies Act, 2013.
Yes, OPCs have certain exemptions, including not being required to hold an Annual General Meeting (AGM) and using a simplified annual return form (MGT-7A).
Yes, every OPC must file its financial statements using Form AOC-4 within 180 days from the end of the financial year.
OPCs must file Form MGT-7A within 60 days from the date their financial statements are signed.
Failure to comply with the filing requirements for Form AOC-4 and Form MGT-7A will result in penalties and late fees as per MCA guidelines.
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