OPC Annual Compliance

A One Person Company (OPC) is a company, so it has annual ROC compliance — but the law relaxes some requirements. An OPC files AOC-4 and the simpler MGT-7A, and is exempt from holding an AGM and from some board-meeting rules.

The AGM exemption changes the filing clock rather than removing it, and this is the detail most OPC owners miss. Section 96 applies to "every company other than a One Person Company", so an OPC holds no AGM — which means AOC-4 cannot run from one. Instead the third proviso to section 137(1) gives an OPC 180 days from the closure of the financial year to file its financial statements. For a 31 March year end that is 27 September. The annual return is MGT-7A, the abridged form MCA prescribes for OPCs and small companies. On board meetings, section 173(5) requires an OPC, small company or dormant company to hold at least one board meeting in each half of a calendar year with a gap of not less than ninety days — and section 173(5) and section 174 do not apply at all to an OPC with only one director.

It still needs audited accounts, an auditor appointment, director KYC and statutory registers. Filing AOC-4 or MGT-7A late attracts the ₹100 per day per form additional fee with no cap, exactly as for any other company, because that rate attaches to delay under sections 137 and 92 rather than to company type. Note it does not extend to every OPC form — most other MCA forms carry a multiple of the normal fee instead, rising in bands from 2 times to 12 times as the delay grows. Separately, the penalties under sections 137(3) and 92(5) start at ₹10,000 and are capped.

We manage your OPC's annual compliance end to end.