# OPC Annual Compliance

> A One Person Company must have its accounts audited every year, file its financial statements in AOC-4 within 180 days of the year-end (by 27 September), file the abridged annual return MGT-7A, hold at least one board meeting in each half of the calendar year with a 90-day gap, and file ITR-6 by 31 October. It doesn't hold an AGM, and its director files DIR-3 KYC where required.

Practice: Conversions, Changes & Closure — https://www.industax.com/services/business-changes/

OPCs get a lighter regime than other private companies — no AGM, abridged annual return, fewer board meetings — but the statutory audit and the core filings remain, and the late fee on MCA forms is charged per day.

We keep the books, coordinate the audit, prepare board minutes for the two meetings, and file AOC-4, MGT-7A and the income tax return on a fixed schedule.

## Key facts

| Item | Detail |
| --- | --- |
| Audit | Mandatory every year |
| AOC-4 | Within 180 days of year-end (27 September) |
| Annual return | MGT-7A |
| Board meetings | At least one in each half of the calendar year, 90+ days apart |
| ITR-6 | 31 October (audited company) |

## Who needs this

- Every One Person Company
- OPCs with pending filings
- Solo founders

## What's included

- Bookkeeping and financial statements
- Audit coordination
- Board minutes and registers
- AOC-4, MGT-7A and ITR-6

## Documents

- Bank statements and invoices
- Previous filings
- Director KYC

## Process

1. **Close** — Books closed and audited.
2. **File** — AOC-4 and MGT-7A filed.
3. **Tax** — ITR-6 filed by 31 October.

## FAQs

### Does an OPC need to hold an AGM?

No. Section 96 exempts an OPC from holding an annual general meeting. Resolutions that would otherwise need a general meeting are passed by the sole member and recorded in the minutes book.

### Is audit compulsory for an OPC with low turnover?

Yes. Every company, including an OPC, must have its financial statements audited by a chartered accountant, regardless of turnover.

### Does an OPC need to file MGT-7 or MGT-7A?

MGT-7A, the abridged annual return for OPCs and small companies.

## Official sources

- Ministry of Corporate Affairs — MCA21 portal: https://www.mca.gov.in/
- Income Tax e-Filing portal: https://www.incometax.gov.in/

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Canonical page: https://www.industax.com/services/business-changes/opc-annual-compliance
Publisher: Indus Tax — CA-led tax and compliance firm (https://www.industax.com). Contact: info@industax.com, 9059139258.
This is general information, not advice for your specific facts.