Managing a One Person Company (OPC) comes with its own set of administrative responsibilities, including the timely filing of various forms. Missing a deadline can result in penalties and could even jeopardize the company’s legal standing. This article serves as a comprehensive guide to understanding the due dates for key forms like AOC-4, MGT-7A, ADT-1, and DIR-3 KYC.

Due dates for filing various forms for a One Person Company (OPC):

Form

Due Date
AOC-4 This form pertains to the financial statements of the OPC and must be filed within 180 days from the closure of the financial year. The deadline usually falls on 27th September every year.
MGT-7A The MGT-7A form should be filed within 60 days from the date when the financial statements are adopted by the member, as recorded in the minutes book. The deemed date of the Annual General Meeting (AGM) as per section 122(3) applies here. The latest possible filing date is 26th November.
ADT-1 In cases where the appointment of an auditor is made, the form must be filed within 15 days from the date of entry (signing) of the resolution to appoint an auditor in the minutes book.

[deemed date of AGM as per section 122(3)]

DIR-3 KYC This is an annual requirement for updating the KYC details of the director and must be filed by 30th September every year.

In no case should the due date for filing the following forms be later than:

MGT-7A: 26th November

ADT-1: 11th October

This is because an OPC is required to file AOC-4 within 180 days from the end of the financial year, i.e., 27th September. This implies that the member must adopt the financial statements on or before 27th September, with the date of adoption being considered as the deemed date of the AGM in accordance with the provisions of Section 122(3).

Illustrations:

Date of signing minutes Due date
AOC-4 MGT-7A ADT-1
10.09.2023 27.09.2023 09.11.2023 24.09.2023
25.09.2023 27.09.2023 24.11.2023 09.10.2023
27.09.2023 27.09.2023 26.11.2023 11.10.2023

Conclusion: It’s crucial for OPC owners to be aware of these filing requirements to ensure compliance with legal norms. Failure to do so can result in penalties and complications in the long run. Understanding the deadlines as stipulated by the different sections of the Companies Act will go a long way in effective governance of a One Person Company. So, mark these dates on your calendar and set reminders to avoid last-minute hassles.

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Disclaimer: The author is based in Jabalpur and is a Practicing Company Secretary dealing in Corporate, Legal & Taxation services. The information contained in this write up, as provided by the author, is to provide a general guidance to the intended user. The information should not be used as a substitute for specific consultations. Author recommends that professional advice is sought before taking any action on specific issues.

The author can also be reached at cstanveersaluja@gmail.com.

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