Summary: Under the Companies Act, 2013, filing an annual return is a mandatory compliance requirement for a One Person Company (OPC). This filing includes submitting financial statements and specific forms with the Registrar of Companies (ROC). The essential documents include the Balance Sheet, Profit and Loss Account, Cash Flow Statement (if applicable), and accompanying Notes to Accounts. A board resolution is required to authorize the director to sign and submit the returns. Additionally, a Director’s Report, which gives a brief on the company’s performance, is also necessary even for OPCs. Form MGT-7A is used for the annual return, designed specifically for OPCs in a simplified format. Financial statements are filed through Form AOC-4. An Auditor’s Report becomes mandatory if the company’s turnover exceeds ₹2 crore or if the paid-up capital crosses ₹50 lakh. Even though an OPC has only one shareholder, shareholding details and any changes during the year must be reported. Company identification details like PAN and CIN must also be included. Timely submission of the annual return helps maintain compliance, avoid penalties, and builds trust among investors and financial institutions. Failing to include any required document can lead to delays or non-acceptance of the filing. Having a checklist ensures a smoother compliance process. First-time filers may benefit from professional assistance to ensure accuracy and adherence to regulatory timelines.
Filing the OPC Annual Return is a key compliance requirement under the Companies Act, 2013. A One Person Company (OPC) must file its annual return and financial statements every year with the Registrar of Companies (ROC).
This article shall help you understand the important documents required for the OPC Annual Return Filing.
Key Documents Required for OPC Annual Return Filing
1. Financial Statements
- Balance Sheet
- Profit and Loss Account
- Cash Flow Statement (if applicable)
- Notes to Accounts
2. Board Resolution
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Authorizing the director to signal and file returns
3. Director’s Report
- Overview of the company’s performance
- Required even for OPCs as a compliance report
4. Form MGT-7A
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Annual Return in simplified format for OPCs
5. Form AOC-4
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For filing monetary statements with the ROC
6. Auditor’s Report (If Applicable)
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Mandatory if turnover exceeds ₹2 crore or paid-up capital exceeds ₹50 lakh
7. Shareholding Details
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Though OPC has one shareholder, details of ownership and any modifications should be recorded
8. PAN and CIN Details of Company
Benefits of Timely OPC Annual Return Filing
- Avoids heavy consequences and legal impacts
- Ensures the right standing with MCA
- Builds are accepted as true by investors and banks
- Keeps business compliant and transparent
Conclusion
The OPC Annual Return filing process may also seem easy, but missing a single report can postpone or invalidate the submission. Keeping a checklist enables streamline compliance and helps save time. Professional guidance is suggested for first-time filers to make certain accuracy.
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