One Person Company (OPC) is a popular business structure in India for solo entrepreneurs who want the benefit of limited liability while retaining full control over the business. And they, too, need to perform compliance activities like other companies.

This article outlines the complete process of filing the OPC Annual Return, the required forms, and applicable fees.

What is the OPC Annual Return?

OPC Annual Return is a mandatory filing submitted to the MCA that provides the government with a summary of the OPC’s financials and activities for the financial year. The return ensures that the company is complying with legal obligations and maintaining transparency.

Why is the OPC Annual Return Filing Important?

• Ensures legal compliance and active status of the OPC

• Avoids penalties and legal consequences

Due Dates for OPC Annual Return Filing

• Form AOC-4: Within 180 days from the end of the financial year (usually by 27th September if the FY ends on 31st March).

• Form MGT-7A: Within 60 days from the date of AGM (Annual General Meeting is not mandatory for OPC, so the due date is usually 28th November).

Mandatory Forms for OPC Annual Return

1. Form AOC-4 (Financial Statements)

• Financial Statements (Balance Sheet & P&L)

• Board Resolution (if applicable)

• Auditor’s Report (if appointed)

2. Form MGT-7A (Annual Return)

This form is used to file the annual return of OPCs, replacing the MGT-7 applicable to other companies.

• Director’s details

• Registered office details

• Principal business activities

• Shareholding structure (if applicable)

Process of Filing OPC Annual Return with MCA

Step 1: Prepare Financial Statements

• Get your OPC’s financial statements prepared and finalized with the help of a Chartered Accountant.

Step 2: Fill out Form AOC-4

• Login to the MCA portal, download Form AOC-4, fill the required financial data, attach necessary documents, and digitally sign the form.

Step 3: File Form MGT-7A

• Fill Form MGT-7A with company and director details, and submit it online via the MCA portal.

Step 4: Pay Filing Fees

• Pay the applicable fees for each form submission. The fee depends on the paid-up capital of the OPC.

Step 5: Acknowledge and Track

• Once submitted, download the acknowledgement and track the status using the SRN (Service Request Number).

Important Reminders

• OPC must file AOC-4 and MGT-7A annually.

• Filing is mandatory even if there is no business activity.

• Filing must be done through the MCA portal with a Digital Signature Certificate (DSC).

Conclusion

Filing the OPC Annual Return is not just a legal commitment, it’s a reflection of your business’s commitment to transparency and governance. By understanding the forms, due dates, and process involved, you can ensure timely and smooth compliance.