India's one of the highest-rated legal tax and compliance guidance platform.
4.9 out of 5 (8521+ ratings)
Verified
Siddhu ManojFounder & CEO of Two-LYP Computations Pvt. Ltd.
“Incorporating my Startup with IncorpX was an incredibly smooth and hassle-free experience. The team was highly professional, guiding us every step of the way with clear communication and prompt support. The registration process was fast, and every detail was handled with precision and accuracy. Highly recommend IncorpX for anyone starting a business.”
Abhishek LohaniDirector at Lohani Learnings
“Company is good and service is also smooth. I used their compliance service and the response was timely with no delay and price are also convenient. They are always available to cater your need.”
Chandan Kr. ChaudharyFounder of Creative Minds
“I am very satisfied with the team of IncorpX for providing the top notch services. Team of IncorpX was giving the update on daily basis was one of the best thing which I experience in Corporate. keep doing it. Thank you!”
Jayavijaya SJFounder of Agro Farms
“Don't think twice.Got my company incorporates here. Tbh very impressed by the quality of service provided by this team. Very organized and friendly team. Had a smooth and peaceful experience. Timely regular updates were provided by the team. Overall a great experience.”
Anoop KrishnanFounder of EIGHTH DAY FORGE
“It's rare to find a service provider who makes the process feel personal - IncorpX absolutely did. From day one, they patiently explained every detail without any jargon, making it easy to understand and stress-free. There was zero chasing, no delays-just efficient, smooth execution all the way through. I felt supported, heard, and confident at every step of registering my company EIGHTH DAY FORGE (OPC) Private Limited. Thanks to Mr. Sriram and his wonderful team.”
Ramesh LankeFounder of EKnal Technologies
“IncorpX made the entire registration process for our company, EKnal Technologies, smooth and stress-free. Their team was professional, efficient, and incredibly supportive from start to finish. Highly recommend them to any founder looking for a reliable partner in their business journey! Special shoutout to Sriram and Aswin-your support, clarity, and responsiveness made the whole process incredibly smooth.”
700+
Businesses Incorporated Every Month
1000+
Ratings Trusted by 2000+ Clients
250+
Professional Network
Why Choose Us
Why Choose Us?
Expert Legal Team
Experienced legal experts in company formation and corporate law.
Fast Turnaround
Kickstart your venture with efficient company setup, generally processed within a week.
Dedicated Support
Personal manager by your side, every step of the way and beyond.
Complete Documentation
We handle all paperwork and ensure full legal compliance.
Business Growth Tools
Free business resources to fuel your company's success from day one.
24/7 Customer Service
Round-the-clock assistance for all your concerns.
Keep Your OPC 100% Compliant with MCA?
Complete annual compliance support from expert CAs and CSs, starting at ₹2,499. Avoid ₹100/day late filing penalties.
Simple Process
Here's How It Works
01
Fill the Form
Simply fill the above form to get started.
02
Call to discuss
Our startup expert will connect with you & complete legalities.
03
Complete Your OPC Annual Compliance
From document collection to ROC filing and tax returns, our CA/CS team handles every step of your OPC compliance.
Pricing
Simple & Transparent Pricing
MOST POPULAR
OPC Annual Compliance Package
From ₹2,499 one-time professional fee
Complete within 7 days
7-day turnaround 100% guaranteed
Annual Return Filing (MGT-7A)
Financial Statement Filing (AOC-4)
Director KYC (DIR-3 KYC)
Board Meeting Minutes Drafting
Statutory Register Maintenance
Income Tax Return (ITR-6)
GST Return Filing Support
TDS Return Filing
Compliance Calendar Management
Dedicated CA/CS Support
*Government fees are additional and vary based on company structure
4.9/5 based on 1000+ reviews
Money back guarantee
Secure payment
Top rated service
AI-Powered Platform
Meet IncorpX Nova
Our proprietary AI engine streamlines every step of business setup, from intelligent name suggestions to automated document drafting and compliance tracking.
AI-Powered Business Name Approval Check
Auto-Generated MoA & AoA Drafts
Real-Time Compliance Monitoring
3x Faster Processing Than Traditional CAs
24/7 AI Chatbot + Human Expert Support
NOVA AI
Premium Plan
IncorpX Prime
An all-inclusive solution for startups and expanding enterprises seeking a streamlined, compliant incorporation process.
Key Benefits
Personalised support from dedicated incorporation specialists.
Application prepared and filed within 2 days.
24/7 customer assistance.
Important Notes
We strive to register your preferred business name whenever feasible.
Alternative name suggestions are provided if the preferred name is not approved.
Package includes first-year compliance services: auditor appointment, annual filings, and related obligations.
OPC annual compliance is the set of mandatory filings a One Person Company must submit each year to the Registrar of Companies (ROC) and Income Tax Department under the Companies Act, 2013, including Forms AOC-4, MGT-7A, DIR-3 KYC, and ITR-6. It is governed by Sections 92, 137, and 139 of the Act and regulated by the Ministry of Corporate Affairs (MCA).
A One Person Company, defined under Section 2(62) of the Companies Act, 2013, is a company with a single member and a nominee. It is a registered company, not a partnership or proprietorship, so all company law compliance obligations apply. Every OPC must file Form AOC-4 (financial statements, due by 27 September), Form MGT-7A (simplified annual return, due within 60 days of signing financial statements), DIR-3 KYC (due 30 September), and ITR-6 (due 31 October). OPCs enjoy specific exemptions: no Annual General Meeting, simplified annual return format, and no cash flow statement requirement. However, the paid-up capital ceiling of ₹50 lakh and turnover ceiling of ₹2 crore remain; exceeding either threshold for 3 consecutive financial years triggers mandatory conversion to a Private Limited Company within 6 months. Non-filing attracts ₹100 per day per form, and 3 consecutive years of default triggers director disqualification under Section 164(2). Based on our experience filing for 2,000+ OPCs, the most common compliance mistake is missing the AOC-4 deadline of 27 September, which alone costs ₹100/day in penalties.
Avoid ₹100/day penalties. Let our CA/CS team handle all OPC filings.
OPC Compliance Requirements Under Companies Act, 2013
Every One Person Company registered under the Companies Act, 2013 must complete the following filings. Form AOC-4 is the MCA form for filing audited financial statements (balance sheet, profit and loss account, and notes) with the ROC, due within 180 days of the financial year end. Form MGT-7A is the simplified annual return prescribed for OPCs and small companies, replacing the detailed MGT-7 form. The table below covers mandatory, conditional, and one-time compliance items. For detailed ROC annual filing services, our team handles each form on your behalf.
Compliance Item
Form
Frequency
Applicability
Financial Statements
AOC-4
Annual
All OPCs
Annual Return
MGT-7A
Annual
All OPCs
Auditor Appointment
ADT-1
Within 15 days of appointment
All OPCs
Director KYC
DIR-3 KYC / KYC-WEB
Annual (by 30 Sep)
All directors with DIN
Director Non-Disqualification
DIR-8
Annual (first board meeting)
All directors
Director Interest Disclosure
MBP-1
Annual (first board meeting)
All directors
Income Tax Return
ITR-6
Annual (by 31 Oct)
All OPCs
Board Meeting
Minutes in minutes book
1 per half-year (if 2+ directors)
OPCs with 2+ directors
Statutory Audit
Audit Report
Annual (before AOC-4)
All OPCs
Return of Deposits
DPT-3
Annual (by 30 Jun)
If loans/deposits received
MSME Payment Return
MSME Form-I
Half-yearly (31 Oct, 30 Apr)
If MSME dues > 45 days
GST Returns
GSTR-1, 3B, 9
Monthly/Quarterly/Annual
If GST registered
TDS Returns
24Q, 26Q
Quarterly
If TDS deducted
Commencement of Business
INC-20A
One-time (within 180 days)
All new OPCs
For a complete understanding of the AOC-4 and MGT-7 filing guide, our blog covers filing steps, common errors, and MCA portal navigation.
OPCs with a single director have zero board meeting requirements. The sole director records all decisions directly in the minutes book. If you appoint a second director, you must hold 1 meeting per half-year with a 90-day gap between meetings.
OPC Compliance Calendar FY 2025-26
This calendar lists every compliance deadline for OPCs during FY 2025-26 (April 2025 to March 2026). DIR-3 KYC is the annual Know Your Customer verification that every director holding a DIN must file with MCA by 30 September; failure results in DIN deactivation and a ₹5,000 penalty. Mark these dates to avoid penalties. For income tax return filing and other tax deadlines, our CA team sends reminders 30 days before each due date. For a step-by-step walkthrough, read our guide to filing OPC annual returns.
S.No.
Compliance
Form
Due Date
Penalty for Delay
1
MBP-1 (Interest Disclosure)
MBP-1
First board meeting of FY (Apr 2025)
Section 184 penalty
2
DIR-8 (Non-Disqualification)
DIR-8
First board meeting of FY (Apr 2025)
Section 164 penalty
3
MSME Half-Yearly Return
MSME Form-I
30 April 2025 (Oct-Mar period)
Company and officers in default
4
Return of Deposits
DPT-3
30 June 2025
₹100/day
5
TDS Return (Q1)
24Q, 26Q
31 July 2025
₹200/day + interest
6
Financial Statements
AOC-4
27 September 2025
₹100/day per form
7
Director KYC
DIR-3 KYC / KYC-WEB
30 September 2025
₹5,000 + DIN deactivation
8
Tax Audit Report
Form 3CA-3CD
30 September 2025
0.5% of turnover (max ₹1.5 lakh)
9
Income Tax Return
ITR-6
31 October 2025
₹5,000 to ₹10,000 + interest
10
MSME Half-Yearly Return
MSME Form-I
31 October 2025 (Apr-Sep period)
Company and officers in default
11
TDS Return (Q2)
24Q, 26Q
31 October 2025
₹200/day + interest
12
Annual Return
MGT-7A
Within 60 days of signing FS (typically late November 2025)
Missing even 1 filing deadline triggers ₹100/day penalty with no statutory cap. A single AOC-4 delay of 1 year costs ₹36,500 in penalties. Delaying both AOC-4 and MGT-7A for 1 year adds up to ₹73,000. Set calendar reminders or use IncorpX's compliance tracker to stay ahead of every deadline.
OPC Exemptions from Mandatory Compliance
One Person Companies enjoy 11 specific compliance exemptions under the Companies Act, 2013, the primary legislation governing incorporation, management, and dissolution of companies in India. These exemptions reduce the regulatory burden by 40% to 60% compared to Private Limited Companies, though all ROC and tax filing deadlines remain identical. Our CA/CS team has processed these exemptions for 2,000+ OPCs across India.
Exemption
Legal Reference
No Annual General Meeting required
Section 96(1)
Board meeting relaxation: 0 meetings if single director, 1 per half-year if 2+ directors
Section 173(5)
Simplified annual return (MGT-7A instead of MGT-7)
Rule 11(1), Companies (Management) Rules
No cash flow statement in financial statements
Schedule III exemption
Director alone can sign financial statements and annual return
Section 134, Section 92
No Company Secretary required (unless paid-up capital exceeds ₹5 crore)
Section 203
No CARO applicability
CARO Order exemption
No auditor rotation required
Section 139(2) not applicable
No Secretarial Standards SS-1/SS-2 (if single director)
SS-1, SS-2 exemption
Simplified Board's Report
Rule 8 not applicable
No internal financial controls reporting in audit
Section 143(3)(i) relaxation
These exemptions reduce compliance time and cost by 40% to 60% compared to Private Limited Company compliance. But remember: all ROC filing deadlines (AOC-4, MGT-7A) and tax deadlines (ITR-6, DIR-3 KYC) are identical for OPCs and Pvt Ltd companies.
Post-Incorporation Compliance for OPC
First-year compliance for a newly incorporated OPC includes one-time requirements that do not repeat annually. Complete these within their respective deadlines to keep your OPC in active status:
Open a Bank Account: Use the Certificate of Incorporation, company PAN, and director ID proof to open a current account in the company name.
File Form INC-20A: Declaration of commencement of business, due within 180 days of incorporation. Government fee: ₹200 to ₹600. Requires a practicing CA/CS/CMA certificate confirming directors deposited subscription money.
File Form INC-22: Registered office intimation, within 30 days of incorporation (if not included in SPICe+).
Appoint Statutory Auditor: File Form ADT-1 within 15 days of appointment. The auditor must be a qualified CA under Section 139.
File Form MBP-1: Director interest disclosure at the first board meeting of the financial year under Section 184(1).
Obtain GST Registration: Mandatory if expected turnover exceeds ₹40 lakh (goods) or ₹20 lakh (services).
Display Company Details: Company name, CIN, registered office address, and email must be displayed at the office and on all business communications.
Maintain Statutory Registers: Set up registers of members, directors, charges, and minutes book from day one.
Failure to file INC-20A within 180 days of incorporation allows the ROC to initiate strike-off under Section 248 and impose a ₹50,000 penalty on the company plus ₹1,000/day on each director. Do not miss this deadline.
Cost of OPC Annual Compliance in India
Total annual compliance costs for an OPC range from ₹8,000 to ₹20,000, depending on authorized capital, transaction volume, and auditor fees. In our experience, 80% of OPCs with ₹1 lakh authorized capital pay under ₹12,000 per year including all government and professional fees. Here is the complete cost breakdown:
Component
Amount (₹)
Notes
Government Fee (AOC-4)
₹200 to ₹600
Based on authorized capital slab
Government Fee (MGT-7A)
₹200 to ₹600
Based on authorized capital slab
Government Fee (ADT-1)
₹200 to ₹600
Auditor appointment filing
DIR-3 KYC
₹0 (on time) / ₹5,000 (late)
Free if filed by 30 September
Statutory Audit (CA Fees)
₹5,000 to ₹15,000
Depends on turnover and complexity
DSC Renewal
₹800 to ₹2,000
Annual renewal for digital signing
Professional Fee (IncorpX)
Starting ₹2,499
ROC filings + ITR + compliance calendar
Total Estimated Annual Cost
₹8,000 to ₹20,000
Government + audit + professional
Government fees are based on authorized capital, not turnover. Most OPCs with ₹1 lakh authorized capital pay just ₹200 per form. Capital between ₹1 lakh and ₹5 lakh costs ₹300 per form. Capital from ₹5 lakh to ₹50 lakh costs ₹600 per form. All fees shown are exclusive of statutory audit charges.
2,000+ OPCs trust IncorpX for on-time compliance. All filings included: AOC-4, MGT-7A, DIR-3 KYC, ITR-6.
Penalties for OPC Non-Compliance
Non-compliance penalties for OPCs accumulate rapidly. Since an OPC has only one director, penalties and disqualification risks fall entirely on that individual. In our practice, we have helped 150+ OPC owners clear accumulated penalties and restore deactivated DINs. Here are the specific penalty amounts per non-compliance type:
Non-Compliance
Penalty Amount
Section Reference
Late AOC-4 Filing
₹100/day (no statutory cap)
Section 137 read with Section 403
Late MGT-7A Filing
₹100/day (no statutory cap)
Section 92 read with Section 403
Late DIR-3 KYC
₹5,000 + DIN deactivation
Rule 12A, Companies (Appointment) Rules
Late ITR-6 Filing
₹5,000 (before 31 Dec) / ₹10,000 (after 31 Dec)
Section 234F, Income Tax Act
Interest on Late Tax Payment
1% per month under Sections 234A, 234B, 234C
Income Tax Act, 1961
Director Disqualification
Barred from all directorships for 5 years
Section 164(2)
Company Strike-Off
ROC-initiated removal from register
Section 248
Non-Conversion (threshold breach)
₹10,000 + ₹1,000/day continued default
Section 18
Penalty Example: An OPC that delays both AOC-4 and MGT-7A for 1 year pays ₹36,500 + ₹36,500 = ₹73,000 in ROC penalties alone. Add late DIR-3 KYC (₹5,000) and late ITR-6 (₹5,000 to ₹10,000), and the total exceeds ₹83,000 for a single year of non-compliance.
If your OPC has crossed the ₹50 lakh capital or ₹2 crore turnover threshold, you must convert your OPC to Private Limited within 6 months to avoid conversion penalties.
Director disqualification under Section 164(2) is the most severe consequence. A disqualified director cannot hold any directorship in any company for 5 years. All pending filings and accumulated penalties must be cleared before the DIN can be restored. For a solo OPC owner, this effectively shuts down the business.
How Our OPC Compliance Process Works
Our compliance process covers 6 steps, takes 7 to 15 working days, and starts at ₹2,499. Statutory audit is the mandatory annual audit of financial statements by a qualified Chartered Accountant under Section 139 of the Companies Act, 2013, required for every OPC regardless of turnover. Based on our experience handling compliance for 2,000+ OPCs, here is exactly how we manage your annual filings:
Step 1: Share Company Documents
Provide your PAN, DSC, certificate of incorporation, bank statements, invoices, and previous year filing receipts to the assigned CA. Our team reviews records for completeness and requests any missing documents within 1 to 2 working days.
Timeline: 1 to 2 working days
Step 2: Prepare Financial Statements
Our CA prepares the balance sheet, profit and loss account, and notes to accounts for the financial year ending 31 March. OPCs are exempt from cash flow statements under Schedule III. The Board's Report is drafted in simplified format as permitted for OPCs.
Timeline: 3 to 5 working days
Step 3: Complete Statutory Audit
The appointed statutory auditor conducts the audit and issues the audit report. Statutory audit is mandatory for every OPC regardless of turnover under Section 139 of the Companies Act, 2013. CARO reporting does not apply to OPCs, which simplifies the audit process.
Timeline: 3 to 5 working days
Step 4: File Form AOC-4 with ROC
File audited financial statements via Form AOC-4 on the MCA V3 portal. Deadline: within 180 days of financial year end (27 September for March FY). Government fee ranges from ₹200 to ₹600 based on authorized capital.
Portal: MCA V3 | Form: AOC-4 | Fee: ₹200 to ₹600
Step 5: File Form MGT-7A with ROC
File the simplified annual return via Form MGT-7A on the MCA V3 portal. Deadline: within 60 days from the date of signing financial statements (typically late November). Government fee ranges from ₹200 to ₹600.
Portal: MCA V3 | Form: MGT-7A | Fee: ₹200 to ₹600
Step 6: File Income Tax Return (ITR-6)
File ITR-6 on the Income Tax e-Filing portal (www.incometax.gov.in) by 31 October. Tax audit under Section 44AB is applicable since all OPCs require statutory audit. Our CA handles both statutory and tax audit coordination.
Portal: incometax.gov.in | Form: ITR-6 | Deadline: 31 October
Do not file MGT-7A before AOC-4. The annual return must reference the signed financial statements. Filing sequence matters: first AOC-4, then MGT-7A. Our team coordinates the correct order for every filing.
All filings included: AOC-4, MGT-7A, DIR-3 KYC, ITR-6. From ₹2,499.
0 (single director) or 1 per half-year (2+ directors)
Minimum 4 per year (120-day gap)
Cash Flow Statement
Exempt (Schedule III)
Mandatory (unless small company)
CARO Applicability
Not applicable
Applicable if thresholds met
Auditor Rotation
Not required
Mandatory after prescribed term
Secretarial Standards
Not applicable (single director)
SS-1 and SS-2 mandatory
Company Secretary
Not required (unless capital > ₹5 crore)
Required if capital > ₹5 crore
Financial Statement Signing
Director alone
Board of Directors + CS (if applicable)
Minimum Directors
1 (plus nominee)
2 (at least 1 Indian resident)
Nominee Requirement
Mandatory (Form INC-3)
Not applicable
Capital/Turnover Cap
₹50 lakh capital / ₹2 crore turnover
No cap
ITR Form
ITR-6
ITR-6
Estimated Annual Compliance Cost
₹8,000 to ₹20,000
₹15,000 to ₹40,000
OPC compliance saves 40% to 60% in time and cost compared to Private Limited Company compliance, thanks to exemptions from AGM, CARO, Secretarial Standards, and auditor rotation. The annual cost difference ranges from ₹7,000 to ₹20,000.
Documents Required for OPC Compliance
Organize the following documents before starting your annual compliance cycle. All documents can be shared digitally in PDF format through our secure upload portal.
For Director:
PAN Card - Self-attested copy, must match DSC and DIN records
Previous Year Filing Receipts - AOC-4 and MGT-7A acknowledgments from prior year
Auditor Appointment Letter - Form ADT-1 receipt and engagement letter
Board Resolution Minutes - All resolutions passed during the financial year
Statutory Registers - Registers of members, directors, and charges
Keep digital copies of all documents in a dedicated cloud folder. The MCA V3 portal accepts PDF uploads up to 6 MB per attachment. Compress large documents before upload. Our team provides a pre-formatted checklist with your onboarding kit.
Why Choose IncorpX for OPC Compliance
IncorpX provides dedicated OPC compliance services built for solo entrepreneurs. Here is what sets our team apart:
200+ CA/CS Team
Qualified Chartered Accountants and Company Secretaries handle your filings directly, not junior staff or interns.
Starting ₹2,499
Most affordable OPC compliance package in India. Government fees are shown separately for full pricing transparency.
Zero Penalty Track Record
On-time filing for 2,000+ OPCs with automated deadline reminders sent 30 days before each due date.
100% Online Process
Document upload, filing, and tracking from anywhere in India. No office visits required for any compliance.
Compliance Calendar
Dedicated dashboard tracking all 15+ compliance deadlines for your OPC throughout the financial year.
Dedicated CA Assigned
Single point of contact for all queries. WhatsApp and email support during business hours for quick resolution.
All-Inclusive Package
ROC filings, tax returns, audit coordination, and statutory register maintenance included in one annual package.
Data Security
Bank-grade encryption for all uploaded documents. Your financial data stays protected with our secure infrastructure.
Run a quick compliance health check to see where your OPC stands before the next filing deadline.
2,000+ OPCs trust IncorpX. Join them for penalty-free compliance.
FAQs on OPC Annual Compliance
OPC annual compliance is simpler than Pvt Ltd compliance, but deadlines carry the same penalties. Below are 34 frequently asked questions covering filings, costs, exemptions, penalties, and comparisons to help OPC owners stay on track.
OPC annual compliance refers to mandatory filings every One Person Company must submit under the Companies Act, 2013 (Section 2(62)). Key filings include Form AOC-4 (financial statements, due 27 September), Form MGT-7A (annual return, due within 60 days of signing financial statements), DIR-3 KYC (due 30 September), and ITR-6 (due 31 October). Non-filing triggers ₹100/day penalty per form.
No. Under Section 96(1) of the Companies Act, 2013, OPCs are fully exempt from holding an Annual General Meeting. The sole member's decisions recorded as resolutions under Section 122(4) replace AGM proceedings entirely. OPCs file Form MGT-7A (simplified annual return) instead of the regular MGT-7, eliminating all AGM-dependent deadlines.
Under Section 173(5) of the Companies Act, 2013, an OPC with a single director needs zero board meetings; resolutions are recorded in the minutes book directly. OPCs with 2 or more directors must hold at least 1 board meeting per half-year with a minimum 90-day gap between consecutive meetings.
Yes. Every OPC must appoint a Chartered Accountant as statutory auditor under Section 139 of the Companies Act, 2013, regardless of turnover or profit. File auditor appointment via Form ADT-1 within 15 days. The audit covers the balance sheet, profit and loss account, and notes to accounts before AOC-4 filing.
An OPC nominee is the person who becomes the sole member if the original member dies or becomes incapacitated. Filing Form INC-3 (nominee consent) is mandatory at incorporation under Section 2(62) of the Companies Act, 2013. The nominee must be an Indian citizen and resident. To change the nominee, file Form INC-4 with the ROC.
Form MGT-7A is the simplified annual return prescribed for OPCs and small companies, replacing the longer Form MGT-7. It must be filed within 60 days from the date of signing financial statements on the MCA V3 portal. Government fee ranges from ₹200 to ₹600 based on authorized capital. Late filing attracts ₹100 per day penalty.
Form AOC-4 must be filed within 180 days from the end of the financial year under Section 137 of the Companies Act, 2013. For OPCs following the standard April-March financial year, the deadline is 27 September. The filing includes the balance sheet, profit and loss account, auditor's report, and Board's Report.
No. OPCs are exempt from preparing a cash flow statement under Schedule III of the Companies Act, 2013. This exemption applies to all OPCs regardless of turnover or profitability. However, the balance sheet, profit and loss account, and notes to accounts remain mandatory components of Form AOC-4 financial statement filing.
Every OPC must maintain: Register of Members (Section 88), Register of Directors and KYC (Section 170), Register of Charges (Section 85), Register of Loans and Investments (Section 186), and a Minutes Book recording all board resolutions. These registers can be maintained digitally or physically at the registered office address.
Yes. A dormant OPC must file Form AOC-4, Form MGT-7A, DIR-3 KYC, and ITR-6 (even with nil income) every year. Dormant status under Section 455 of the Companies Act, 2013, does not exempt a company from ROC or tax filings. Non-filing triggers the same ₹100/day penalty per form as active OPCs.
No. The Companies (Auditor's Report) Order (CARO) does not apply to One Person Companies. This exemption means the statutory auditor's report for an OPC follows only the standard format under Section 143 of the Companies Act, 2013, without additional CARO reporting requirements on loans, fixed assets, inventory, or statutory dues.
Secretarial Standards SS-1 (board meetings) and SS-2 (general meetings) do not apply to an OPC with a single director. If an OPC has 2 or more directors, SS-1 applies to board meetings. Since OPCs are exempt from AGMs under Section 96(1), SS-2 remains non-applicable regardless of director count.
Form INC-20A is the declaration of commencement of business, mandatory under Section 10A for all companies with share capital, including OPCs. It must be filed within 180 days of incorporation with a certificate from a practicing CA, CS, or CMA confirming that directors have paid their subscription money. Government fee is ₹200 to ₹600.
File OPC annual return (Form MGT-7A) on the MCA V3 portal at www.mca.gov.in. Log in using your company CIN, attach audited financial statements and director details. Digitally sign using the director's DSC, pay ₹200 to ₹600 government fee, and submit. Filing must complete within 60 days of signing financial statements.
DIR-3 KYC must be filed by 30 September each year for all directors holding a DIN as of 31 March. First-time filers use Form DIR-3 KYC (₹0 fee if on time). Subsequent years require DIR-3 KYC-WEB (online verification). Late filing attracts a ₹5,000 penalty and DIN deactivation until the filing is completed.
Form DPT-3 is the return of deposits and outstanding loans that OPCs must file by 30 June each year on the MCA V3 portal. It covers all money received by the OPC that qualifies as deposits or exempt deposits under Section 73 of the Companies Act, 2013, including director loans and unsecured loans. Government fee is ₹200 to ₹600.
MSME Form-I (half-yearly return) is mandatory for OPCs that have outstanding payments to MSME suppliers exceeding 45 days. Filing deadlines are 31 October (April-September period) and 30 April (October-March period) on the MCA portal. This applies only when MSME payment dues exist.
Required documents include: PAN card and valid DSC of the director, company PAN and TAN, certificate of incorporation, audited financial statements (balance sheet, profit and loss, notes), bank statements for the full financial year, GST returns (if registered), previous year AOC-4 and MGT-7A acknowledgments, and board resolution minutes.
To change the OPC nominee, obtain written consent from the new nominee, pass a board resolution, and file Form INC-4 with the ROC within 30 days of the change. Attach the new nominee's Form INC-3 (consent letter), identity proof, and residential proof. Government fee ranges from ₹200 to ₹600 based on authorized capital.
OPCs must file ITR-6 by 31 October each year since tax audit under Section 44AB is mandatory for all companies. File on the Income Tax e-Filing portal (www.incometax.gov.in). Late filing attracts ₹5,000 penalty (before 31 December) or ₹10,000 (after 31 December) plus interest under Sections 234A, 234B, and 234C.
Form MBP-1 is the disclosure of interest that every OPC director must submit at the first board meeting of each financial year under Section 184(1) of the Companies Act, 2013. The director declares interests in other entities, contracts, or arrangements. If interests change during the year, an updated MBP-1 must be filed within 30 days.
Total OPC annual compliance costs range from ₹8,000 to ₹20,000, including government fees (₹200 to ₹600 per ROC form), statutory audit fees (₹5,000 to ₹15,000), DSC renewal (₹800 to ₹2,000), and professional service charges. IncorpX's OPC compliance package starts at ₹2,499, covering ROC filings, tax returns, and compliance calendar management.
Government fees for OPC ROC forms are based on authorized capital: ₹200 (up to ₹1 lakh), ₹300 (₹1 lakh to ₹5 lakh), and ₹600 (₹5 lakh to ₹50 lakh). Key forms include AOC-4, MGT-7A, and ADT-1. DIR-3 KYC has zero government fee if filed by 30 September; late filing costs ₹5,000.
Late ROC filing attracts ₹100 per day per form with no statutory cap under Section 403 of the Companies Act, 2013. For example, a 1-year delay on AOC-4 alone costs ₹36,500 in penalties. Additionally, 3 consecutive years of non-filing triggers director disqualification under Section 164(2), barring all directorships for 5 years.
If an OPC's paid-up capital exceeds ₹50 lakh or average annual turnover exceeds ₹2 crore for 3 consecutive financial years, it must convert to a Private Limited Company within 6 months. File Form INC-5 (intimation) and Form INC-6 (conversion application) with the ROC. Non-conversion attracts penalties under Section 18 of the Companies Act, 2013.
Yes. An OPC can hire unlimited employees with no restriction under the Companies Act, 2013. However, the OPC must comply with PF (if 20+ employees), ESI (if 10+ employees), professional tax, and other labour law requirements applicable in the state. Employee salaries are deductible expenses. TDS under Section 192 applies on salary payments.
GST registration is mandatory for an OPC only if aggregate turnover exceeds ₹40 lakh (₹20 lakh for services, ₹10 lakh for special category states) under the CGST Act, 2017. Once registered, the OPC must file GSTR-1, GSTR-3B, and GSTR-9 returns. OPCs providing inter-state supplies must register regardless of turnover threshold.
No. An OPC cannot issue equity shares to outside investors because it must have only one member under Section 2(62) of the Companies Act, 2013. However, an OPC can raise debt through secured or unsecured loans from banks and NBFCs. To raise equity capital, the OPC must first convert to a Private Limited Company by filing Forms INC-5 and INC-6.
Yes. Under Section 164(2) of the Companies Act, 2013, a director is disqualified if the company fails to file annual returns or financial statements for 3 continuous financial years. Disqualification bars the person from holding any directorship across all companies for 5 years. Restoring the DIN requires clearing all pending filings and paying all accumulated penalties.
Failure to file DIR-3 KYC by the 30 September deadline results in immediate DIN deactivation and a ₹5,000 penalty. The director cannot digitally sign any MCA forms or company filings until the KYC is completed and DIN reactivated. Reactivation requires filing the DIR-3 KYC form, paying the ₹5,000 late fee, and MCA system verification.
OPC compliance is simpler: no AGM required, simplified annual return (Form MGT-7A vs MGT-7), no cash flow statement, no CARO, no auditor rotation, and no Secretarial Standards for single-director OPCs. Private Limited Companies must hold an AGM within 6 months of financial year end, file full Form MGT-7, and comply with CARO if applicable.
MGT-7A is a simplified annual return for OPCs and small companies, requiring fewer fields than the standard MGT-7. MGT-7A omits details on debentures, key managerial remuneration, related-party transactions, and investor complaints. Both carry similar government fees (₹200 to ₹600). MGT-7A is filed within 60 days of signing financial statements, while MGT-7 is filed within 60 days of the AGM.
An OPC is a company under the Companies Act, 2013, requiring ROC filings (AOC-4, MGT-7A), statutory audit, DIR-3 KYC, and ITR-6. A sole proprietorship has no ROC filing requirements, files ITR-3 or ITR-4, and needs no statutory audit unless turnover exceeds ₹1 crore. OPC annual compliance costs ₹8,000 to ₹20,000 vs ₹2,000 to ₹5,000 for a proprietorship.
Tax audit under Section 44AB of the Income Tax Act is mandatory for OPCs with turnover exceeding ₹1 crore (₹10 crore if 95% or more transactions are digital). However, every OPC requires a separate statutory audit under Section 139 of the Companies Act, 2013, regardless of turnover. Tax audit is additional to the statutory audit requirement.
The team was very responsive and helpful. I received daily updates from the WhatsApp group, and their guidance made everything much simpler to comprehend. If you want a simple and hassle-free way to launch your business, I would highly recommend them!
S
Simon Job
4.9/5
I recently used IncorpX to register my limited liability partnership, and I had an amazing experience! There were no hidden fees, and the team was helpful, quick to respond, and open. They provided thorough explanations of each step, and their services are reasonably priced without sacrificing quality. The entire process was made simple by IncorpX's professionalism, attention to detail, and sincere support. Strongly advised!
J
Jay R
4.8/5
The experience was flawless; the team completed each task with care and always responded quickly. Throughout the process, I never felt stuck. We would especially like to thank Saksham and Sriram for making everything run so smoothly! The IncorpX team offers extremely competitive pricing; anyone just starting out should definitely get in touch with them.
M
Mohammed Affan
4.9/5
I'm really grateful to the wonderful team at IncorpX for helping bring my co-founder's and my dream to life. The whole process was super smooth - fast service, great support, and no hassles at all. I'd highly recommend IncorpX to any new entrepreneur or founder looking to register their company. Excited to continue working with them in the long run. Thank you, IncorpX!
R
Riyom Taipodia
4.6/5
One of the best agency I have ever experienced. Team members are very friendly as if we know each other from before and came communicate and share easily. My work has been done in a very short period and I am so happy. Thank you so much.
A
Ayyappa Swamy
5/5
Highly recommend... IncorpX services regarding incorporation of our company and roc filing and all are very impressive.. the team IncorpX is polite and friendly. Our Lands Time pvt ltd has incorporated through IncorpX... And thanks to IncorpX team..
R
Ramesh Babu
4.9/5
Trouble free service, Rendering good co-operation for company incorporation. Trust worthy team to have better knowledge.
P
Pravesh Kudesia
5/5
IncorpX is providing best service... And user experience! Thank You IncorpX Team
B
Balaji Gutte
4.9/5
I recently got my Private Limited Company incorporated through IncorpX, and the experience was seamless! The team was professional, supportive, and quick to respond throughout the process. Highly recommend IncorpX for a smooth and stress-free company registration experience.
D
Dia
5/5
I'd been planning to register my Private Limited Company for months but didn't know where to start - until I found IncorpX. The team guided me step by step, explained everything clearly, and completed the registration smoothly within the promised timeline. Their pricing was transparent with no hidden charges. Highly recommend IncorpX to anyone starting a business!
Trusted by 15,000+ Entrepreneurs
Get Expert Guidance for Your Business
Fill out the form and our team will connect with you to understand your requirements and recommend the best way forward.
