Annual compliance for a One Person Company (OPC) in India involves filing AOC-4 (financial statements) and MGT-7A (annual return) with the MCA every year. These filings are mandatory under the Companies Act, 2013, regardless of turnover or activity. Missing deadlines attracts penalties of ₹200 per day per default. Taxocity handles all OPC annual compliances end-to-end, with a 100% compliance guarantee and real human experts by your side.

• OPCs must file AOC-4 within 180 days of the financial year end (by 27 September)
• MGT-7A annual return is due within 60 days of the AGM (or deemed AGM date)
• Non-compliance can lead to company strike-off and director disqualification

What Is Annual Compliance for OPC?

Annual compliance for a One Person Company refers to the set of mandatory filings, tax returns, and statutory obligations an OPC must complete every financial year under the Companies Act, 2013 and the Income Tax laws. Unlike a Private Limited Company, an OPC has certain relaxed requirements, but it is NOT exempt from core annual compliance obligations.

These obligations exist to ensure your company remains in "Active" status on the MCA portal, avoids penalties, and retains its credibility with banks, investors, and government bodies.

Mandatory ROC Filings for an OPC

As of July 2026, every registered One Person Company must submit the following returns to the Registrar of Companies (ROC) annually:

1. Form AOC-4 – Financial Statements

AOC-4 is used to file the Balance Sheet, Profit and Loss Account, and the Director's Report with the MCA. For OPCs, this form must be filed within 180 days from the close of the financial year (i.e., by 27 September each year for the April–March financial year).

2. Form MGT-7A – Annual Return

MGT-7A is the simplified annual return form specifically prescribed for OPCs and Small Companies. It must be filed within 60 days from the date of the Annual General Meeting (AGM), or where no AGM is held (as OPCs are exempt), within 60 days of the date by which the AGM should have been held.

3. DIR-3 KYC – Director KYC

Every director who has been allotted a DIN (Director Identification Number) must complete the Director KYC process annually. The deadline is typically 30 September of each year. Failure to file DIR-3 KYC deactivates the DIN and makes the director ineligible to sign company documents.

Form	Purpose	Due Date	Penalty for Late Filing
AOC-4	Filing of Financial Statements	Within 180 days of FY end (27 Sep)	₹200 per day of default
MGT-7A	Annual Return (Simplified)	Within 60 days of AGM / deemed AGM	₹200 per day of default
DIR-3 KYC	Director KYC Verification	30 September each year	₹5,000 (flat fee for reactivation)

Income Tax Compliance for OPC

Beyond ROC filings, an OPC is treated as a company for income tax purposes and must comply with the following obligations under the Direct Tax Code, 2025 (applicable from AY 2026-27 onwards):

Income Tax Return (ITR) Filing

An OPC must file its income tax return in ITR-6 every year. The due date for filing ITR for an OPC whose accounts are not required to be audited is 31 July. For OPCs subject to tax audit (turnover exceeding ₹1 crore for business or ₹50 lakhs for professional receipts), the due date is 31 October.

Tax Audit (if applicable)

If an OPC's annual turnover exceeds ₹1 crore (or ₹10 crore if 95% of transactions are digital), a Tax Audit under Section 44AB of the Income Tax Act is required. A Chartered Accountant must conduct and submit the audit report before the ITR filing deadline.

TDS Compliance

If your OPC makes payments such as salaries, contractor payments, rent, or professional fees, it must deduct TDS at the applicable rates and deposit it with the government. Key TDS filing deadlines:

• TDS Deposit: 7th of the following month (for all months); 30 April for March
• TDS Returns (Form 24Q/26Q): Quarterly – 31 July, 31 October, 31 January, 31 May

Note: TDS rates vary by payment type and payee status. For individuals, Section 194C (contractor) TDS is 1%; for other than individuals (companies/firms), it is 2%. For professional fees under Section 194J, the rate is 10% for individuals and 10% for other than individuals as well.

GST Compliance

If your OPC is registered under GST (mandatory above ₹20 lakhs aggregate turnover, or ₹10 lakhs for special category states), it must file monthly or quarterly GSTR-1, GSTR-3B, and annual GSTR-9 returns. Learn more about GST filing services for your OPC.

Event-Based Compliances for OPC

Aside from annual filings, certain changes in the OPC structure trigger additional filings with the ROC. These must be completed within specific timelines:

• Change of Nominee: Form INC-3 must be filed within 30 days of the change
• Change of Registered Office: Form INC-22 to be filed within 30 days
• Appointment/Resignation of Director: Form DIR-12 within 30 days
• Increase in Authorised Capital: Form SH-7 within 30 days
• OPC Conversion to Private Limited: Required when paid-up capital exceeds ₹50 lakhs or turnover exceeds ₹2 crores – Form INC-6 applies

OPC vs. Private Limited: Compliance Compared

Compliance Item	One Person Company	Private Limited Company
Annual Return Form	MGT-7A (Simplified)	MGT-7
Board Meetings Required	Minimum 1 per half year (2/year)	Minimum 4 per year
AGM Requirement	Not required	Mandatory each year
Statutory Audit	Mandatory (regardless of turnover)	Mandatory (regardless of turnover)
Minimum Directors	1 (sole director)	2
Cash Flow Statement	Not required	Required

What Happens If You Miss OPC Compliance?

Non-compliance is costly and can have long-lasting consequences for your business and personal credibility as a director:

• Daily penalties: ₹200 per day per form, which can accumulate quickly into thousands
• DIN deactivation: Missing DIR-3 KYC results in DIN becoming inactive, blocking all further filings
• Company strike-off: Consistent non-compliance can lead the ROC to strike off the company under Section 248 of the Companies Act, 2013
• Director disqualification: Under Section 164(2), a director can be disqualified for up to 5 years if the company defaults on filing for three consecutive years
• Prosecution: In serious cases, the company officer in default can face prosecution and fines up to ₹10 lakhs

OPC Annual Compliance Checklist (2026)

Use this checklist to ensure your One Person Company stays fully compliant in FY 2025-26:

1. Get accounts audited by a Chartered Accountant before 30 September 2026
2. Hold at least 2 Board Meetings (one in each half of the year)
3. File AOC-4 (financial statements) by 27 September 2026
4. File MGT-7A (annual return) within 60 days of deemed AGM date
5. File DIR-3 KYC for the director by 30 September 2026
6. File Income Tax Return (ITR-6) by 31 July 2026 (or 31 October if audit applies)
7. File quarterly TDS returns on time (24Q/26Q)
8. File GST returns monthly/quarterly if registered
9. Update nominee details if there has been any change
10. File event-based forms within 30 days of any structural change

How Taxocity Simplifies OPC Compliance

Managing annual compliance while running your business is demanding. Taxocity, with over three decades of experience in business compliance, offers a fully managed OPC compliance package designed to eliminate the stress of deadlines and paperwork.

• End-to-end support: From statutory audit coordination and financial statement preparation to ROC filing and income tax returns — all under one roof
• 100% compliance guarantee: We ensure every filing is accurate and submitted on time, every time
• Real human experts: You get a dedicated compliance manager — not a chatbot — who understands your business
• Trusted by thousands: Rated 4.8/5 from 5,000+ reviews, Taxocity is India's trusted compliance partner for startups and growing businesses
• From registration to scaling: Whether you need OPC registration, GST filing, or trademark protection, we cover your entire compliance journey

Already registered? Don't let compliance deadlines sneak up on you.

Frequently Asked Questions

Is a One Person Company exempt from statutory audit?

No. Every OPC registered under the Companies Act, 2013 must get its accounts audited by a practising Chartered Accountant, regardless of its turnover or whether it has commenced business. There is no turnover-based exemption from statutory audit for OPCs.

Does an OPC need to hold an AGM?

No. A One Person Company is exempt from holding an Annual General Meeting (AGM) under the Companies Act, 2013. However, the single member must still ensure that financial statements are prepared, audited, and signed before the ROC filing deadlines.

When must an OPC convert to a Private Limited Company?

An OPC must mandatorily convert to a Private Limited Company when its paid-up share capital exceeds ₹50 lakhs or its average annual turnover for the preceding three consecutive financial years exceeds ₹2 crores. The conversion must be completed by filing Form INC-6 within 6 months of crossing either threshold.

How much does OPC annual compliance cost?

The cost of annual compliance for an OPC in India typically ranges from ₹8,000 to ₹25,000 per year depending on whether the company requires a tax audit, the complexity of transactions, and the professional fees charged. Contact Taxocity for a transparent, all-inclusive compliance quote.

Does a newly incorporated OPC need to file annual compliance?

Yes. Even if an OPC has not commenced business or has zero transactions, it must file the mandatory annual returns and financial statements with the ROC for every financial year following its incorporation. Dormant status can be applied for under Section 455, but even that has its own compliance requirements.

---

Disclaimer: The information provided in this article is for general informational purposes only and does not constitute tax, legal, or financial advice. Laws and regulations are subject to change. Please consult a qualified tax advisor or chartered accountant for advice specific to your situation before making any compliance or tax-related decisions.