Operating a One Person Company (OPC) provides the benefits of a corporate structure with simplified compliance procedures. While an OPC is exempted from holding an Annual General Meeting (AGM) under Section 96, it must still fulfill annual ROC filing requirements. This includes filing audited financial statements via Form AOC-4 within 180 days of the financial year-end (by September 27) and submitting a simplified annual return via Form MGT-7A within 60 days of the AOC-4 filing. Missing these deadlines attracts a daily-accruing late fee of ₹100 per form with no maximum limit, which can quickly wipe out a solo founder's budget. Acclevate manages these filings, keeping your solo venture fully compliant and legally protected.
We prepare and submit your balance sheet, profit & loss statements, and cash flow exemptions under Form AOC-4 within the 180-day deadline.
Our experts draft and file Form MGT-7A, accurately reflecting director, nominee, and share capital details on the MCA portal.
We coordinate with qualified auditors to complete your mandatory statutory audit, ensuring compliance with Section 139.
We ensure your required nominee details are updated and compliant under the Companies (Incorporation) Rules.
No. Under Section 96(1) of the Companies Act, a One Person Company is explicitly exempted from the mandatory requirement to hold an AGM. Resolutions are recorded in the minutes book and signed by the sole director.
An OPC must file Form AOC-4 (financial statements) within 180 days from the close of the financial year (typically by September 27). Form MGT-7A (annual return) must be filed within 60 days of the AOC-4 submission (typically by November 26).
Yes. Despite its simplified structure, every One Person Company must have its financial statements audited by a practicing Chartered Accountant, regardless of turnover or capital levels.
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Retain valuable working capital upfront with an approved lower or nil TDS certificate from TRACES.
