Individual Owners. Helped With Filing Returns.
All One Person Companies (OPC) operating in India are governed and regulated by the Companies Act, 2013. They are registered through the Registrar of Companies (ROC). The primary role of the ROC is to ensure that all OPCs fulfill their statutory requirements on time and to penalize them if they fail to file such forms within the given deadlines. All such OPCs have to mandatorily file their returns following the ROC return compliances once a year. The failure to do so may attract heavy penalties and consequences. It is compulsory for all OPCs to keep the government updated with all information regarding their operational status annually. To do this easily, Form AOC-4 is required to be filled for their financial statements and Form MGT-7 is required to file their annual return.