Annual Compliance Requirements for a One Person Company in India. A one-person company (OPC) in India is required to comply with the following annual requirements:
1. File an annual return with the Registrar of Companies (ROC).
2. Hold an annual general meeting (AGM), unless it has been exempted by the ROC.
3. Prepare and file financial statements with the ROC.
4. File an income tax return with the Income Tax Department.
Each year, a one-person company (OPC) in India is required to comply with certain annual requirements. These requirements include filing an annual return with the Registrar of Companies (ROC), holding an annual general meeting (AGM), preparing and filing financial statements with the ROC, and filing an income tax return with the Income Tax Department.
In India, a one-person company can be registered under the Companies Act, 2013. The annual compliance requirements for a one-person company are different from those of other types of companies.
The One Person Company is also required to file its balance sheet and profit & loss account with the ROC within 30 days from the date of closure of its financial year. These documents must be accompanied by a directors’ report, an audit report, and a statement showing changes in share capital during the financial year.
In addition, every One Person Company is required to maintain a register of members and file it with the ROC within 60 days from the date of closure of its financial year.
According to the Registrar of Companies, the Maximum Capital Allowance is Rs. 10,000.
According to the Ministry of Corporate Affairs, the PAN is required for any company with a paid-up capital of more than Rs. 5 lakhs.
PAN is also required for any individual or entity who intends to engage in business dealings with the Government of India.
The MCA website provides a searchable database of company filings. The filings are in PDF format and can be downloaded for free.
To find the filings for a specific company, go to the MCA website and enter the name of the company in the search box. On the results page, click on the "Filings" tab. This will take you to a page with links to all of the company's filings.
One of the filings that companies are required to make is the Annual Report. The Annual Report contains financial information about the company, as well as information on its board of directors and management.
The MCA website also provides a searchable database of director filings. Director filings are documents that contain information on a company's directors, such as their names, addresses, and dates of birth.
To find the director filings for a specific company, go to the MCA website and enter the name of the company in the search box. On the results page, click on the "Directors" tab. This will take you to a page with links to all of the company's director filings.
One of the filings that companies are required to make is the Annual Report. The Annual Report contains financial information about the company, as well as information on its board of directors and management.
The annual return is a document that contains financial and other information about the One Person Company, such as the names of shareholders, directors, and registered office address.
One Person Companies are required to file their annual return within 60 days from the end of their financial year. The due date for filing an annual return is 30 September. The late fee for filing an annual return is INR 5,000.
1. File an annual return with the Registrar of Companies (ROC).
2. Hold an annual general meeting (AGM), unless it has been exempted by the ROC.
3. Prepare and file financial statements with the ROC.
4. File an income tax return with the Income Tax Department.
Each year, a one-person company (OPC) in India is required to comply with certain annual requirements. These requirements include filing an annual return with the Registrar of Companies (ROC), holding an annual general meeting (AGM), preparing and filing financial statements with the ROC, and filing an income tax return with the Income Tax Department.
One Person Company
A one-person company (OPC) is a type of business entity incorporated in India under the Companies Act, 2013. An OPC is a hybrid between a sole proprietorship and a private limited company. It has many features of a sole proprietorship, such as ease of incorporation and minimal compliance requirements. However, it also has some features of a private limited company, such as limited liability protection for the shareholders.Incorporation
To incorporate an OPC in India, the following steps must be followed:- Obtain a digital signature certificate (DSC) and director identification number (DIN).
- File an application for incorporating an OPC with the Registrar of Companies (ROC) along with the DSC and DIN.
- Draft the memorandum of association (MOA) and articles of association (AOA).
- Pay the registration fee to the ROC.
- Once the ROC approves the incorporation, obtain a certificate of incorporation from them.
Annual Requirements
Every OPC in India is required to comply with certain annual requirements. These requirements include filing an annual return with the Registrar of Companies (ROC), holding an annual general meeting (AGM), preparing and filing financial statements with the ROC, and filing an income tax return with the Income Tax Department.Annual Return
Every OPC in India is required to file an annual return with the Registrar of Companies (ROC). The due date for filing the annual return is 30 September of every year. The late fee for filing the annual return is INR 5,000.Annual General Meeting
Every OPC in India is required to hold an annual general meeting (AGM) within 9 months from the end of its financial year. An AGM must be held at least once in every calendar year and not more than 15 months should elapse between two consecutive AGMs. The quorum for an AGM is one shareholder or director, whichever is lower.In India, a one-person company can be registered under the Companies Act, 2013. The annual compliance requirements for a one-person company are different from those of other types of companies.
Dues and deadlines, DSC, ROC, MCA
A one-person company is required to file its annual return with the Registrar of Companies (ROC) within 60 days from the date of closure of its financial year. The annual return must be accompanied by a declaration by a director that it is true and correct in all respects, and that no default has been made in complying with the provisions of the Companies Act, 2013 or the rules made thereunder.The One Person Company is also required to file its balance sheet and profit & loss account with the ROC within 30 days from the date of closure of its financial year. These documents must be accompanied by a directors’ report, an audit report, and a statement showing changes in share capital during the financial year.
In addition, every One Person Company is required to maintain a register of members and file it with the ROC within 60 days from the date of closure of its financial year.
According to the Registrar of Companies, the Maximum Capital Allowance is Rs. 10,000.
According to the Ministry of Corporate Affairs, the PAN is required for any company with a paid-up capital of more than Rs. 5 lakhs.
PAN is also required for any individual or entity who intends to engage in business dealings with the Government of India.
The ROC is a government body that maintains a register of all companies registered in India.
Every company in India is required to file an annual report with the Ministry of Corporate Affairs (MCA). The MCA is the government body responsible for regulating companies in India.The MCA website provides a searchable database of company filings. The filings are in PDF format and can be downloaded for free.
To find the filings for a specific company, go to the MCA website and enter the name of the company in the search box. On the results page, click on the "Filings" tab. This will take you to a page with links to all of the company's filings.
One of the filings that companies are required to make is the Annual Report. The Annual Report contains financial information about the company, as well as information on its board of directors and management.
The MCA website also provides a searchable database of director filings. Director filings are documents that contain information on a company's directors, such as their names, addresses, and dates of birth.
To find the director filings for a specific company, go to the MCA website and enter the name of the company in the search box. On the results page, click on the "Directors" tab. This will take you to a page with links to all of the company's director filings.
The MCA is the government body responsible for regulating companies in India.
The Ministry of Corporate Affairs (MCA) is the government body responsible for regulating companies in India. The MCA website provides a searchable database of company filings.One of the filings that companies are required to make is the Annual Report. The Annual Report contains financial information about the company, as well as information on its board of directors and management.
The annual return is a document that contains financial and other information about the One Person Company, such as the names of shareholders, directors, and registered office address.
One Person Companies are required to file their annual return within 60 days from the end of their financial year. The due date for filing an annual return is 30 September. The late fee for filing an annual return is INR 5,000.
