TaxTMI 
TaxTMI 
29 Mar 2025
A One Person Company (OPC) is a popular business structure for solo entrepreneurs in India. It is easy to manage, but following compliance rules is important, especially for the OPC Annual Return Filing.
This article covers the due dates, past due prices, and the importance of timely submission.
Due Dates for OPC Annual Return Filing
OPC is needed to file key annual compliance forms:
1. Form MGT-7A (Annual Return Filing)
- Due Date: Within 60 days from the start of the economic year (i.e., latest by May 30 every 12 months).
- Applicability: Every OPC ought to record this form with information on shareholding, directors, and organization status.
2. Form AOC-4 (Financial Statements Filing)
- Due Date: Within 180 days from the end of the financial 12 months (i.e., modern-day with the aid of September 27 for OPCs following April-March FY).
- Applicability: Includes the organization’s economic statements, earnings & loss account, and auditor’s document (if relevant).
Failure to record the OPC Annual Return on time results in consequences:
- MGT-7A Late Fees: ₹100 consistent with the day until the filing is completed.
- AOC-4 Late Fees: ₹100 in step with day, with no top restrict on penalties.
- Additional Penalty: If non-compliance continues, the organization and its directors can also face further penalties under the Companies Act, 2013.
Consequences of Late Filing
- Financial Burden: Daily consequences increase the price of compliance.
- Legal Consequences: Continuous non-compliance may result in the enterprise’s strike-off.
- Loss of Credibility: Investors and monetary establishments can also hesitate to address non-compliant companies.
Benefits of Timely OPC Annual Return Filing
- Avoids useless consequences and criminal moves.
- Helps hold organizational recognition and credibility.
- Ensures compliance with the regulatory government.
- Keeps monetary records up to date for future commercial enterprise growth.
Conclusion
Timely OPC Annual Return Filing is crucial to avoid consequences and keep a company’s good standing. Business proprietors should tune due dates, maintain statistics, and report returns directly to ensure easy operations.