Essential Compliance Forms and Deadlines for One Person Companies (OPCs)

OPC Annual Compliance Form and Due Dates

For One Person Companies (OPCs), timely filing of annual compliance forms is crucial to adhere to regulatory requirements. The following outlines the key compliance forms along with their respective due dates:

Key Compliance Forms

1. AOC-4

   • Due Date: Within 180 days from the closure of the financial year, specifically by 27th September each year.

2. MGT-7A

   • Due Date: Within 60 days from the signing of the resolution by the member to adopt the financial statements. This date is considered the deemed date of the Annual General Meeting (AGM) under Section 122(3).
   • Maximum Due Date: The due date cannot extend beyond 26th November each year.

3. ADT-1

   • Due Date: This form must be filed within 15 days from the date of signing the resolution to appoint an auditor. The signing is also deemed to occur on the AGM date in accordance with Section 122(3).
   • Maximum Due Date: Must be submitted by 12th October each year.

4. DIR-3 KYC

   • Due Date: The KYC filing is due by 30th September of every year.

Understanding the Compliance Timeline

It is essential to note that the obligation to file AOC-4 within 180 days from the end of the financial year requires that the member adopts the financial statements on or before 27th September. This adoption date serves as the deemed date of the AGM as per the provisions outlined in Section 122(3).

Important Note

Since the provisions regarding the conduction of AGMs do not apply to OPCs, there is no allowance for extending the due date for conducting an AGM. Annual filings must strictly adhere to the stipulated deadlines.

Conclusion

OPC compliance requires careful attention to due dates for various forms. Ensure timely submissions to avoid penalties and ensure regulatory adherence. For further guidance, consider consulting with a qualified professional.