Know Your Compliance for One Person Company (Pvt)
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At BizSetupGlobal, we provide comprehensive accounting and compliance services designed to empower Limited Liability Partnership firms like yours to thrive and succeed.
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Basic Facts on OPC (PVT) Compliance
- The term compliance describes the ability to comply with orders, set of rules, or requests.
- An OPC is a hybrid form of a sole proprietorship and a private limited company.
- OPC Companies need RoC compliance. The annual compliance requirement applies regardless of turnover or capital.
- All One-person companies must file annual returns and income tax returns. After Company Registration, many compliances must be met.
- The liability of the member in an OPC is limited to the extent of their shareholding in the company. Personal assets are generally not at risk in case of business losses or liabilities.
- One person company allows a single person to form a company with limited liability, separating personal assets from the business’s liabilities.
Different Types Of forms to be filed for OPC Private Ltd
Compliance
Description
Commencement of business
( within 180 days)
The commencement of business certificate must be obtained within 180 days of incorporating a Company.
Auditor Appointment
(Within 30 days)
All registered Indian Companies must appoint a Statutory auditor within 30 days of incorporation.Â
Income Tax Return
Income tax returns must be filed on or before the 30th September Financial year.
MCA Form AOC-4
The private limited companies must file MCA Form AOC-4 or before 27th September.
MCA Form MGT-7
It is necessary to file MCA form MGT-7 on or before the 26th of November
DIN eKYC
All the company directors must be filed for the DIN eKYC or DIR-3 eKYC. In DIR-3 eKYC, the Director must provide a unique personal mobile number and a personal email address.
Hold Annual General Meeting
For a private limited company; it is mandatory to hold an annual general meeting once a year.
Companies are required to keep their AGM within six months from closing the Financial year.
Director's report
Preparation of the Directors’ report will be done with all the information required under Section 134.
Share Certificate
A Company must issue a share certificate within two months of the allotment of Shares
Register of Members
Seven to eight mandatory registers to be maintained
Online Registration Process
Select the package that suits you.
a. list of services purchased
b. documents to be submitted or next action.
Once documentation is complete, you will be informed about the next steps through email and sms, and you can also check the current status of your request in your personalised dashboard.
Make a payment, and you will receive your personalised dashboard login and password.
If you have any questions during the process, you can contact us via the Helpdesk system in your dashboard, and we would be pleased to assist. We can even call you if necessary.
At each step, our team will share all the required information needed by you and ensure that you have a smooth experience with us.
Once you submit the required documents, our Compliance Manager will review the documents and contact you in case of any discrepancies.
Here's What You Need To Do : Simple and Convenient
Fill the Form
Start your journey by filling out a simple form on our website. Provide the necessary information to initiate the process.
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ROC Compliance
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Condition: Fees will be subject to change based on turnover and Income tax requirements