Running a One Person Company (OPC) allows solo entrepreneurs to enjoy the benefits of a private limited structure—limited liability, credibility, and ease of operations. However, forming an OPC is just the beginning. Maintaining compliance through timely annual return filing is essential to avoid penalties and legal trouble.
At Vmaayan Tax & Financial Solutions, we simplify OPC compliance, helping business owners file Limited OPC Annual Returns correctly and on time. In this guide, you’ll learn the key requirements, deadlines, documents needed, and how we make the process hassle-free.
Why Annual Returns Matter for a Limited OPC
Annual return filing isn’t just a formality—it’s a legal obligation under the Companies Act, 2013. It keeps your business compliant with the Ministry of Corporate Affairs (MCA) and ensures transparency in operations.
Failure to file these returns can lead to:
Heavy late filing penalties
Director disqualification
Legal proceedings
Loss of credibility with investors and clients
Key Annual Compliance Requirements for Limited OPCs
A Limited OPC must comply with the following annual filing requirements:
1. Form AOC-4 (Financial Statements)
This form is used to file the financial statements of the company, including the:
Balance Sheet
Profit & Loss Account
Auditor’s Report (if applicable)
Board Report
Due Date: Within 180 days from the end of the financial year (typically by September 27 each year if the financial year ends on March 31).
2. Form MGT-7A (Annual Return)
This form is a simplified version of MGT-7, specially designed for OPCs and small companies. It includes details like:
Company structure
Shareholding
Management and board details
Compliance certification
Due Date: Within 60 days from the date of AGM
Note: Since OPCs are exempt from holding AGMs, the due date is counted from the date of signing the financial statements—usually by November 28.
3. DIR-3 KYC (Director KYC)
All directors of an OPC must file their KYC every year with the MCA.
Due Date: September 30 every year
Additional OPC Compliance Requirements
Aside from annual returns, a Limited OPC must also ensure the following:
Income Tax Return Filing (ITR-6) by October 31
GST Returns, if registered under GST
Maintenance of Books of Accounts
Appointment of Auditor within 30 days of incorporation
Board Meeting at least once in every half of the calendar year, even with one director
Documents Required for Filing
To file your OPC’s annual returns, you’ll need:
Audited Financial Statements
Board Report (signed by the director)
Balance Sheet and Profit & Loss Statement
Copy of PAN card and Incorporation Certificate
KYC documents of the director
Details of share capital and ownership
MCA login credentials
If you’re unsure how to prepare these documents, our team at Vmaayan will take care of the entire process for you.
Common Mistakes to Avoid
Filing annual returns seems straightforward, but many OPCs face issues due to avoidable errors. Here are the most common ones:
Filing incorrect financial data
Missing deadlines and incurring penalties
Assuming OPCs are exempt from filing requirements
Not appointing an auditor in time
Ignoring director KYC updates
Penalties for Non-Compliance
Late filing of annual returns can cost more than just time:
₹100 per day of delay per form, with no cap on penalties
Directors may be disqualified for 5 years from being appointed in any company
Legal action under Section 92 and Section 137 of the Companies Act
These penalties are easily avoidable with professional guidance.
How Vmaayan Tax & Financial Solutions Can Help
At Vmaayan, we provide end-to-end compliance support for Limited OPCs, including:
Timely preparation and filing of AOC-4 and MGT-7A
Financial statement review and guidance
Auditor coordination and documentation
Director KYC updates
Reminders before every due date
GST and Income Tax compliance (if applicable)
We believe compliance shouldn’t be a burden—it should empower your business with legitimacy and structure.
Why Choose Vmaayan?
Experienced Team: Experts in ROC filings and company law
Timely Execution: No missed deadlines
All-in-One Services: From registration to tax filings
Transparent Pricing: No surprise fees
Digital Process: Convenient and fully remote
Final Thoughts
Filing Limited OPC Annual Returns on time is not just about ticking a legal checkbox—it’s about protecting your business, your reputation, and your future growth opportunities. Let the professionals at Vmaayan Tax & Financial Solutions handle it for you.
