OPC Annual Filing: Compliances & Due Dates

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 with all the documents which are required to be attached to such financial statements, within one hundred eighty (180) days from the closure of the financial year

AGM not Applicable for OPC: Section 96

(1) Every company other than a One Person Company shall in each year hold in addition to any other meetings, a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it, and not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next.

OPC Annual Filings - Timeline and Key points

One Person Company shall file a copy of the financial statements duly adopted by its member, along with all the documents which are required to be attached to such financial statements, within one hundred eighty (180) days from the closure of the financial year.  (Section 137 of the CA 2013).

1. AGM not Applicable for OPC: (Section 96.)
2. A person can be a member of only one OPC.
3. The following 2 E-forms to be filed for Annual ROC filing is:

• MGT-7 - Annual return
• AOC- 4 - Financial Statements, Balance Sheet & P&L Account

4. Due date for Annual Financial Statements (AOC-4): The due date for Annual Filing is 27.09.2022 (if FY ended on 31.03.2022)
5. Due date for Annual Return (MGT-7A): OPC does not require to hold AGM, yet the due date for filing Form MGT 7 shall be 60 days from the completion of the 6 months from the end of financial year, that means due date will be 60th day from 27.09.2022.

Form MGT-7A is the form prescribed for the Annual Return of One Person Company and Small companies. This form is applicable in respect of Annual Return for the F.Y. 2021-22 and onwards of OPC as defined under Section 2(62) of Companies Act, 2013, and small companies.

Penalty for non-submission within due timeline

In case a return has not been filed, a Penalty (additional fees) will be levied from the due date (27.09.2022) of INR 100/- per day for each day for which default continue.   

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