Know Your Compliance for
One Person Company (Pvt)
While we call you, get some insights into what you are getting into.
At BizSetupGlobal, we provide comprehensive accounting and compliance services designed to empower Limited Liability Partnership firms like yours to thrive and succeed.
Basic Facts on OPC (PVT) Compliance
- The term compliance describes the ability to comply with orders, set of rules, or requests.
- Indian OPC (PVT) limited companies must follow the Companies Act 2013.
- The Companies Act 2013 governs directors' appointment, qualification, remuneration, retirement, and board and shareholder meetings.
- Private Limited Companies need RoC compliance. The annual compliance requirement applies regardless of turnover or capital.
- All Indian companies—private limited, one-person, limited, and section 8—must file annual returns and income tax returns. After Company Registration, many compliances must be met.
- Entrepreneurs must balance business operations with complex corporate laws. Thus, it is best to consult professionals and understand the legal requirements to avoid penalties or fines.
Different Types Of GST Returns To Be Filied In India
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. If the company fails to appoint an auditor, the company won’t be allowed to commence business.
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 30th November.
MCA Form MGT-7
It is necessary to file MCA form MGT-7 on or before the 31st of December
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
Step 1
Select the package that suits you.
a. list of services purchased
b. documents to be submitted or next action.
Step 2
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.
Step 3
Make a payment, and you will receive your personalised dashboard login and password.
Step 4
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.
Step 5
At each step, our team will share all the required information needed by you and ensure that you have a smooth experience with us.
Step 6
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.
Call to Discuss
Our Legal expert will connect with you & prepare documents.
ROC Compliance
We help you with timely reminders & documentation.
Pay as You Grow
Flexible Payment Options
We offer flexible packages to cater to your specific requirements:
Basic Plans
₹
14,999
- Turnover upto ₹10 lakhs
- Annual Report
- Director's Report
- Board Resolution Preparation
- MCA Annual Return Filing
- Income Tax Return Filing
- Commencement of Business Certificate
- Auditor Appointment
- Turnover upto ₹10 lakhs
STANDARD
₹
25,999
- Annual Report
- Director's Report
- Board Resolution Preparation
- MCA Annual Return Filing
- Income Tax Return Filing
- Commencement of Business Certificate
- Auditor Appointment
- Turnover upto ₹40 lakhs
PREMIUM
₹
46,777
- Financial Statement Preparation
- Annual Report
- Director's Report
- Board Resolution Preparation
- MCA Annual Return Filing
- Income Tax Return Filing
- Commencement of Business Certificate
- Auditor Appointment
- Turnover upto ₹100 lakhs
- 1 Year Dedicated Accountant
Condition: Fees will be subject to change based on turnover and Income tax requirements
Frequently Asked Questions
Your Queries, Our Answers
Form ADT-1 is filed for appointing or replacing the Statutory Auditor.
MGT-9 is attached to the company's director report, an extract of MGT-7A.
Audited financial statements are necessary for every company from its incorporation. The company must file the audited statements only.
A company can appoint a statutory auditor either for five consecutive years or till the conclusion of the next Annual general meeting. Therefore, an appointment of the statutory auditor cannot be considered a part of annual compliance.
A company is required to maintain the compliances once the company is incorporated. The auditor is to be appointed within 30 days. Additionally, there is income tax filing and annual return filing that is to be done every year.
The annual general meeting (AGM) is held for the management and the shareholders to interact with each other. The Companies Act 2013 makes it compulsory to hold meetings to discuss the yearly results and appoint auditors.
As the name suggests, the statutory audit is mandatory for all companies. All entities unregistered under the Companies Act as OPC (PVT) or Public Limited Companies need to get the books of accounts audited every year.
The OPC (PVT) Limited Companies are required to file the annual accounts and the returns that disclose the details of the shareholder and the directors to the ROC.
After the AGM, all the OPC (PVT) limited companies must file the annual return within 60 days of holding the annual general meeting.
ROC is the officer governed by the MCA that deals with the functioning; the ROC has to ensure that the OPC (PVT) Limited Companies and the LLPs comply with the statutory requirement of the ACT. The registrar of the companies functions as the regulator for the companies registered with them.