CS Lalit Rajput
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Define One Person Company Sec 2(62) One Person Company means a company that has only one person as a member.For OPC: Return Filing Provisions AGM Section 137 of the Companies Act, 2013 One Person Company shall file a copy of the financial statements duly adopted by its member, along wi
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FAQ :
A One Person Company (OPC) is a company that has only one member.
No, an Annual General Meeting (AGM) is not applicable for a One Person Company as per Section 96 of the Companies Act.
The two main e-forms for OPC annual filing are MGT-7A for the annual return and AOC-4 for financial statements, balance sheet, and P&L account.
The financial statements must be filed within 180 days from the closure of the financial year. For a financial year ending 31st March 2022, the due date was 27th September 2022.
The due date for filing the annual return (MGT-7A) is 60 days from the completion of six months from the end of the financial year. This means it's due 60 days from 27th September 2022 for the financial year ending 31st March 2022.
A penalty of INR 100 per day is levied for each day the default continues, starting from the original due date of filing.
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