OPC ROC Compliance AMC

One Person Company. Annual Maintenance Accomplished.

     

    The Ministry of Corporate Affairs governs all One Person Companies in India which is registered with the Registrar of Companies or ROC under the laws of the Companies Act, 2013. Registrar of Companies (ROC) is the party accountable to ensure that these companies fulfill the statutory requirements in place. If any company misses its compliance filing in the stipulated time, it would levy heavy penalties on such companies. Hence, filing a OPC’s statutory compliances within the given time protects them from such unrequired penalties while reflecting a good track record which will help them avail several benefits offered by the government and other NBFCs.

    Contact us today and let us help you by filing your OPC ROC compliances.

    What Are The Compulsory ROC Compliances To Be eFiled By A One Person Company?

    Every OPC has to file the compliances mentioned below mandatorily annually, the failure of which will attract imposition of heavy penalties.

    01

    Form 11
    Filing and handing over the Form 11 is mandatory for LLPs irrespective of their operational status or their annual turnover. It is compulsory for every Limited Liability Partnership Firm to file its annual return form, the Form 11, within 60 days (the 30th of May) from the closure of the financial year. If any such Limited Liability Partnership Firms fail to file their Form 11 within the required time, the Registrar will levy a penalty of Rs. 100 per day till the date of the filing.

    02

    Financial Statements
    It is compulsory for all the One Person Companies to furnish a detailed report annually, including any information regarding the Auditor’s Report, Balance Sheet, Profit and Loss Account, and other necessary documents. This is to be filed with the ROC before the 30th of October using the Form AOC-4.

    03

    Filing Tax Returns
    Each One Person Company is required to file their income tax returns annually on or before the 30th of September, if their annual turnover exceeds Rupees 1 Crore.

    04

    Filing Their GST Returns
    Every One Person Company to mandatorily file its GST return before the 15th or 20th day of every month.

    05

    Auditor’s Appointment
    All One Person Companies are required by the Act and ROC to appoint a company auditor within 30 days upon registration of their company. The Statutory Audits of the company is handled by this Auditor. If a One Person Company fails to appoint themselves an auditor within 30 days, the Registrar will penalize them, or strike-off your company’s name from the Register of Companies.

    06

    Company Stationery
    A-One Person Company is required to get their stationery requirements such as a bill book, invoices, letterhead, registers, official documents, and others billed to the company name and address of its registered office.

    07

    Statutory Registers and Records
    Various events pertaining to sales, administration, purchase, tenders, marketing, board meetings, and more occur in a One Person Company. They are required to maintain the details of all such activities in their statutory registers. It is also a must for a One Person Company to keep and maintain registers such as the Register of Members, the Register of Contracts, the Register of Charges and others as necessary.

    08

    A Bank Current Account
    Every One Person Company is required to mandatorily have a current account in its registered name at a bank to manage the flow of transactions both inwards and outwards.

    Guiding Individual Owners To Compliance Requirements

    Be eformed!