ROC Return Filing for OPC

ROC Return Filing for OPC

ROC (Registrar of Companies) return filing for an OPC (One Person Company) in India is similar to the process for a Private Limited Company, with some key differences due to the unique structure of an OPC. OPCs are designed to be companies with a single shareholder, unlike private limited companies that require a minimum of two shareholders.

The primary ROC returns that an OPC needs to file are:

Annual Return (Form MGT-7): This return provides a summary of the OPC’s affairs during the financial year, just like in the case of a Private Limited Company. The Annual Return includes information about the company’s registered office, shareholder (sole member), director, meetings, and any changes that occurred during the year. The following information is typically required for filing the Annual Return for an OPC:

• Details of the company (name, registered office address, CIN, etc.).
• Details of the sole member (shareholder) and director.
• Information on meetings of the sole member and board of directors (if applicable).
• Changes in the share capital or the company’s structure during the year.
• The Annual Return for an OPC must be filed within 60 days from the date of the OPC’s Annual General Meeting (AGM).

Financial Statements (Form AOC-4): The Financial Statements filing for an OPC is similar to that of a Private Limited Company. It includes the audited Balance Sheet, Profit and Loss Account, Cash Flow Statement, and other related documents. The financial statements provide an overview of the OPC’s financial performance and position during the financial year. The following information is generally required for filing the Financial Statements for an OPC:

• Audited Balance Sheet.
• Audited Profit and Loss Account.
• Director’s Report.
• Auditor’s Report.
• Notes to Accounts.
• The Financial Statements for an OPC must be filed within 30 days from the date of the OPC’s Annual General Meeting (AGM).

Like in the case of Private Limited Companies, both the Annual Return and the Financial Statements for an OPC must be digitally signed by the director and a practicing Chartered Accountant (CA) or a Company Secretary (CS) before uploading them to the MCA portal.

As with any legal and compliance matters, it is advisable to consult with a professional CA or CS to ensure accurate and timely ROC return filing for your One Person Company.