One Person Company Annual ROC Compliances
Starting at INR 3999 onwards
OPC Annual Returns
As per the Ministry of Corporate Affairs, all the One Person Companies registered in India must file MCA Annual Return each year. All such companies must conduct an Annual General Meeting at the end of each financial year and file an annual return with the Ministry of Corporate Affair to maintain ROC compliancs. For newly incorporated Companies, the Annual General Meeting can be held within 18 months from the date of incorporation or 9 months from the date of closing of the financial year, whichever is earlier. Subsequent Annual General Meeting should be conducted within 6 months from the end of that financial year. In India, the financial year starts from April 1st and end on March 31st, so a Company’s Annual return would be due on September 30th.
Annual return generally consists of ROC Compliances, information and documents of the company such as the 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.
Annual Returns also discloses the shareholding structure of the Company, changes in Directorship and details of transfers of securities. In addition to MCA annual return, companies must also file income tax return irrespective of income, profit or loss. This is applicable for even companies which are non-functioning and dormant. Irrespective of the work they need to file their Annual Return and Income Tax.