OPC COMPANY ANNUAL RETURN FILLING DUE DATES
INTRODUTION
One Person Companies (OPCs) are a type of private limited company that can have only one member. OPCs are subject to the same compliance requirements as other private limited companies, including the requirement to file an annual return with the Registrar of Companies (ROC).
The due dates for filing the annual return for an OPC vary depending on the date on which the company’s financial year ends. For companies whose financial year ends on or before 31st March, the annual return must be filed within 60 days of the end of the financial year. For companies whose financial year ends on or after 1st April, the annual return must be filed within 30 days of the end of the financial year.
The annual return for an OPC must be filed in the form MGT-7A. The form can be downloaded from the website of the Ministry of Corporate Affairs (MCA). The annual return must be accompanied by the following documents: OPC Company Annual Return Filing Due Dates
The due dates for filing the annual return for an OPC are as follows:
- For companies whose financial year ends on or before 31st March: The annual return must be filed within 60 days of the end of the financial year.
- For companies whose financial year ends on or after 1st April: The annual return must be filed within 30 days of the end of the financial year.
The annual return for an OPC must be filed with the Registrar of Companies (ROC) in the form MGT-7A. The form can be downloaded from the website of the Ministry of Corporate Affairs (MCA).
The annual return must be accompanied by the following documents:
- A copy of the balance sheet and profit and loss account for the financial year.
- A copy of the auditor’s report.
- A copy of the minutes of the annual general meeting (AGM).
If the annual return is not filed within the due date, a penalty of Rs. 100 per day will be levied for each day of default, up to a maximum of Rs. 3 lakh.
Late Filing of Annual Return
If an OPC fails to file its annual return within the due date, it can still file the return, but it will have to pay a penalty. The penalty for late filing of the annual return is as follows:
- For the first 30 days of delay: No penalty is levied.
- For the next 30 days of delay: Rs. 100 per day.
- For the subsequent days of delay: Rs. 300 per day.
The maximum penalty that can be levied for late filing of the annual return is Rs. 3 lakh.
How to File the Annual Return
The annual return for an OPC can be filed online or offline.
To file the annual return online:
- Go to the website of the MCA.
- Click on the “e-Forms” tab.
- Select the form MGT-7A.
- Fill in the form and upload the required documents.
- Pay the filing fees.
- Submit the form.
To file the annual return offline:
- Download the form MGT-7A from the website of the MCA.
- Fill in the form and attach the required documents.
- Send the form to the ROC by post or courier.d
Conclusion
It is important to file the annual return for an OPC on time to avoid penalties. The annual return can be filed online or offline. The process of filing the annual return is relatively simple.
Here are some additional details about the annual return for an OPC:
- The annual return must be signed by the company’s director or secretary.
- The annual return must be verified by a chartered accountant.
- The annual return must be filed in duplicate.
- The annual return must be accompanied by the filing fees.
- The filing fees for the annual return for an OPC are as follows:
- For companies whose financial year ends on or before 31st March: Rs. 300.
- For companies whose financial year ends on or after 1st April: Rs. 150.
