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OPC Annual Filing

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OPC Annual Returns

Every One Person Company must file returns on an annual basis. Make your OPC ROC compliant. Prices start at INR 8999/- only.

 
 
 
 
 
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What is Annual Filing of OPC?

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Every company registered in India, including private limited, limited company, one person company and section 8 company must file annual returns with ROC every year. OPC is required to hold an annual general meeting, and annual accounts with ROC is required. Companies Act 2013 mandates that your financial year should start from 1st April and end on 31st March. As far as the OPC Annual Filings (OPC Annual Compliances) are concerned, these are just fewer as compared to those required by a private or public limited company.

Annual return consists of information and documents that include the Balance Sheet of the Company, Profit & Loss Account, OPC Compliance Certificate, Registered Office Address, Register of Member, Shares and Debentures details, Debt details and information about the Management of the Company. The annual return would also disclose the shareholding structure of the Company, changes in Directorship and details of transfers of securities.

Ebizfiling OPC Annual Filing One Person Company Annual Filing One Person Company Ebizfiling

Usually, a company is required to file three forms with ROC:

  • ROC Form MGT 7: which contains details of shareholding structure, change in directorship and details of the transfer of shares during the year if any. Due date for ROC Form MGT 7 would be 28th November. As One Person Company does not require to hold AGM, yet the due date for filing Form MGT 7 shall be 60 days from the completion of the 6 months from the end of financial year.
  • ROC Form AOC4: which contains details and annexure relating to Balance Sheet of the Company, Profit & Loss Account, Compliance Certificate, Registered Office Address, Register of Member, Shares and Debentures details, Debt details and information about the Management of the Company. The due date for ROC Form AOC 4 would be 180 days from the close of financial year. That means the due date for AOC 4 for OPC shall be 27th September. (If we count 180 days from 1st April).
  • ROC Form ADT 1: is filed for auditor appointment. The due date for ROC Form ADT 1 would be 14th October i.e within 15 days from the conclusion of AGM.

Why Thinkbiz Filings as your service provider for OPC Annual Filing?

Thinkbiz Filings is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Filing OPC Annual Returns is easy, seamless, cheapest and quickest with Thinkbiz Filings! Apart from OPC Annual returns, Thinkbiz Filings also helps you to file GST ReturnsTDS ReturnsPF Returns and ESI Returns easily. You may get in touch with our compliance manager on 09704561215or email info@Thinkbizfilings.com  for for free consultation.

OPC Annual Filing Fees

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Compliance Requirements for a Partnership Firm

Income Tax Return

    Partnership firms must file annual tax returns. The due date is 31st July for non-audit cases and 30th September for audited firms. Timely filing ensures compliance, avoids penalties, and maintains legal standing.

    GST Compliances

      Partnership firms must register for GST if turnover exceeds the prescribed threshold. Regular GST return filing is mandatory to ensure compliance, avoid penalties, and maintain smooth business operations under GST laws.

      TDS Compliance

        Partnership firms must deduct and deposit Tax Deducted at Source (TDS) if liable under the Income Tax Act. Timely filing of TDS returns ensures compliance, avoids penalties, and maintains smooth financial operations.

        Accounting

          firms must maintain proper books of accounts reflecting an accurate and fair view of financial affairs. Each partner’s capital, withdrawals and profit share should be recorded separately to ensure transparency

          Tax Audit (if applicable)

            Required for partnership firms if business turnover exceeds ₹1 Cr or professional receipts surpass ₹50 Lakh under Section 44AB, ensuring regulatory compliance and accurate financial reporting.

            Firm Updates

              Partnerships must file updates on any changes in firm structure, such as partner additions, removals, or modifications to the partnership deed, ensuring legal compliance and transparency.

              Documents Required for Partnership Firms

              Quick Checklist

              • PAN card of all partners of the firm.
              • Aadhaar/Passport/Voter ID/Driving License of all partners.
              • Latest utility bill, rent agreement, or ownership proof of the firm’s office.
              • Latest bank statements of partners.
              • Recent photos of all partners.

              Key Benefits of a Partnership Firm

              Points to make your decision easy

              Ease of Formation

                Partnership firms have a straightforward registration process with minimal legal formalities, making them easy and cost-effective to establish.

                Tax Benefits

                  Partnership firms avoid double taxation, as profits are taxed only at the firm’s level and not again in the hands of partners, ensuring tax efficiency.

                  Lower Compliance

                    Partnership have fewer regulatory requirements and legal formalities compared to corporations, reducing administrative burdens and operational costs.

                    Decision-Making

                      Partnership firms enable quick decisions without extensive regulatory approvals, allowing for agile business operations and faster implementation of strategies.

                      Profit Sharing

                        Partners can distribute profits as per the agreed ratio in the partnership deed, allowing flexibility and mutual benefit in financial management.

                        No Minimum Capital

                          Partnership firms have no minimum capital requirement and can be registered even with Rs. 10,000 as total capital, providing flexibility in business setup.

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                          FAQs On OPC Annual Filing
                          Get answers to all your queries
                          • A One Person Company (OPC) is a type of private limited company incorporated with a single shareholder and limited liability.
                          • Yes, even if an OPC has no business activity, it must comply with annual filing requirements under the Companies Act, 2013.
                          • An OPC must file: AOC-4 (Financial Statements) MGT-7A (Annual Return for OPC) ITR-6 (Income Tax Return) DIR-3 KYC (Director KYC)
                          • AOC-4: Within 180 days from the end of the financial year (September 30) MGT-7A: Within 60 days from the end of the financial year (May 30) ITR-6: By July 31 (if no audit) or October 31 (if audit required)
                          • No, an AGM is not required for an OPC. However, the financial statements must be approved by the sole director and filed within the due date.
                          • Yes, an OPC must get its accounts audited by a Chartered Accountant if turnover exceeds ₹50 lakh or paid-up capital exceeds ₹2 crore.
                          • Late filing attracts a penalty of ₹100 per day per form until the return is filed.
                          • Yes, an OPC can be converted voluntarily or mandatorily if turnover exceeds ₹2 crore or paid-up capital exceeds ₹50 lakh.
                          • GST registration is mandatory if the annual turnover exceeds ₹20 lakh (₹40 lakh for goods) or if interstate transactions are involved.
                          • Yes, an OPC can take loans from banks, financial institutions, or directors, but cannot issue shares to the public.
                          • Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@thinkbizfiling.com or call us @+91 970 456 1215

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