Rajput Jain And Associates

Rajput Jain & Associates

Chartered Accountants

An ISO 9001:2008 Certified Firm

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One Person Company

One Person Company(OPC) Annual Return Filing

The concept of One Person Company (OPC) in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. Similar to a Company, an OPC is a separate legal entity from its members, offers limited liability protection to its shareholders, has continuity of business and is easy to incorporate.

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For One Person Company

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One Person Company in India must at the end of each financial year file an annual return with the Ministry of Corporate Affair and Income Tax Return with the Income Tax Department to maintain compliance. For newly incorporated One Person Company, the Annual Return is due within 18 months from date of incorporation or 9 months from the date of closing of financial year, whichever is earlier. In India, normally the financial year starts on April 1st and end on 31st March. So One Person Company's annual return would be due on September 30th.

  • Annual Requirements of ROC and Income Tax

  • Income Tax Return every year before 30th Sep
  • File Form 20B - Statement of Disclosure of Shareholders and Directors - within 60 days from Date of Annual General Meeting (AGM)
  • File Form 23AC and 23ACA- Annual Return of Companies before 30th October every year.
  • Procedure For Annual Compliance fulfillment

  • Maintain Proper Books of Accounts.
  • Prepare and File Balance Sheet.
  • Get your accounts Audited by Chartered Accountant.
  • File Form ADT-1, 23AC, 23ACA and Form 20B with ROC.
  • File Income Tax Returns with Income Tax Department.

Consequence of Non Compliance :

  • Late filing or non-filing of Annual Return before the due date will attract a penalty 12 Times of Normal Fees.
  • Further, the Company cannot be wound-up or closed without filing of the return.
  • Therefore, it is best to file the Annual Return within the due dates.
  • Non Filing of Income tax return and other Law compliance may attached penal provision against

OPC Annual Filing: Annual return for a One Person Company consists of information and documents that include the Balance Sheet of the Company, Profit & Loss Account and information about the management of the Company. Rajput Jain & Associates can file the annual return and income tax return for your One Person Company.

Simple Steps ToOne Person CompanyAnnual Filing!

Step 1

OPC Annual Filing

Rajput Jain & Associate can help file the mandatory annual return for your LLP and maintain annual compliance with the Ministry of Corporate Affairs.

Step 2

Annual Return Preparation

An Rajput Jain & Associates Compliance Expert will prepare the Annual Return for your LLP based on the financial performance of the previous financial year.

Step 3

Annual Return Verification

Once the Annual Return is prepared in the requisite format, the Client's Finance Team can verify the prepared annual return and affix the digital signature.

Step 4

Project Finalization

Once the Annual Return is prepared and verified, the Annual Return can be filed with the Minsitry of Corporate Affairs along with the necessary attachments.

  • What You will get in this offer

  • Financial Statement
  • Statutory Audit Report under Companies Act, 2013
  • Tax Consultancy by a Chartered Accountant
  • Income Tax Return Filing
  • Annual ROC Filing
  • Free tax due-diligence check
  • OTHER: Every Private limited shall comply with
  • Request a callback

  • Contact Us
Rajput Jain & Associates makes it easy for you: 
  • Send a email about your Queries & GET QUOTE immediately
  • Get detailed quote & document requirement list
  • Personal Call with our Business Consultant
  • Fill in 2 page Questionnaire
  • Get your One Person Company Annual Compliance registered in Schedule working days assigned

Rajput Jain & Associates can help you incorporate a One Person Company in India.We give you an opportunity to meet the mandatory annual compliances of One Person Company, which is often deferred by the emerging companies leading to detrimental impact on the businesses, at a very affordable rate. Rajput Jain & Associates has been helping more than 500 startups with its real-time IT filing solutions. Our recent survey confirmed that fact: Every 2nd Startup get Income Tax Notice for tax demands or for non-compliance, 3 out of 7 Startups finds place on the default list of Registrar of Companies due to non-compliance, 2 out of 4 Startups incur unnecessary pay-out by way of interests and penalties. This offer would protect your startup from unnecessary taxes, penalties by keeping your business in perfect compliance as you grow. We will assign a chartered accountant dedicated to your filing. He will get in touch with you within 6 working hours for timely annual filings.

What Are You Waiting For?

Start Your Enterpreneurial Journey Now!

Frequently Ask Questions (FAQs) on OPC

Annual return is a mandatory filing to be made by all Companies in India. The filing along with the required documents must be filed with the Ministry of Corporate Affairs. Filing of annual return with the MCA is different from the filing of annual return with the Income Tax department.

Annual return consists of the balance sheet of the company, profit and loss account, compliance certificate (if necessary), and details of registered office, details of Members, details of shares and shareholding and details of Directors.

The Annual return of the Company must be signed by the Directors of the Company. The financial statements filed along with the Annual return must be audited and signed by a Chartered Accountant.

Annual return is due before the 30th of September or 6 months from the end of the financial year. In case of newly incorporated Company, an Annual General Meeting should be held within 18 months from date of incorporation or 9 months from the date of closing of financial year, whichever is earlier and an annual return should be filed with the MCA.

Annual return can be prepared and filed by a Professional online through the MCA's E-Filing portal. AnRajput Jain & Associates Financial Expert can help you with e-filing your Company's annual report.

If a company fails to file annual return with the Registrar of Companies (ROC) within the specified time, then the Company shall be liable to pay a penalty till filing of the return. The amount of penalty will depend on the number of days in default. till the default continues.

Advantages of One Person Company

Separate Legal Entity

Uninterrupted Existance

Borrowsing Capacity

Easy Transferability

dA company is a legal entity and a juristic person established under the Act. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.

A company has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.

A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.

Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.

Owning Property

Limited Liability

Capacity to sue and be sued

Dual Relationship

A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.

Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company's debts is limited.

To sue means to institute legal proceedings against or to bring a suit in a court of law. Just as one person can bring a legal action in his/her own name against another in that person's name, a company being an independent legal entity can sue and also be sued in its own name.

In the company form of organization it is possible for a company to make a valid and effective contract with any of tis members. Thus, a person can at the same time be a shareholder, creditor, director and also an employee of the company.