The unique compliance needs of One-Person Companies (OPCs) arise from their structure with a sole member. This blog of writing makes the process of yearly filing easier for OPCs by outlining important forms like AOC-4 (Financial Statement) and MGT-7A (Simplified Annual Return). It also covers the necessity of conducting an Annual General Meeting (AGM), underlining submission deadlines, attachment requisites, and the potential consequences of AGM date extensions on AOC-4 submission timelines. This guide is designed to assist OPCs in smoothly managing their annual filing obligations.
Because they have only one member, One-Person Companies (OPCs) benefit from unique compliance privileges. The article concentrates on the responsibilities related to Annual Filing that OPCs must meet when dealing with the Registrar of Companies (ROC). the same shows important forms that should get filed yearly along with MSME-1 (Half Yearly), DPT-3 (Yearly), and DIR-3 KYC (Yearly). But, the central focus stays on the three core filings: AOC-4 (Financial Statement), MGT-7A (Abridge Annual Return), and the Annual General Meeting. Also, we have added the ROC annual return filing due dates for companies that are incorporated with various MCA-related forms.
MCA Annual General Meeting
The question often arises whether an OPC needs to conduct an Annual General Meeting.
Legal Condition
For any matter that necessitates discussion during an annual general meeting or another general meeting, and requires a regular or specific resolution, in the case of a one-person company (OPC), it is acceptable if the member conveys the resolution to the company and it is recorded in the minutes-book.
Effect of Condition
OPC would not be needed to conduct any General Meeting (EGM/ AGM), because the OPC secures only one member.
Under (Section 122) the OPC would required to keep the minutes of the Annual General Meeting.
27th is the last date of the AGM of OPC.
OPC must learn about the passing of resolutions in General meetings such as
Adoption of Annual Accounts
Adoption of Directors Report
Appointment of Auditor etc.
AOC- 4 Form
From the finish of the fiscal year, the same would be needed to be filed within 180 days.
27th September 2022 would be the last date of Form AOC-4.
An additional fee of Rs 100 per day would be levied if the AOC-4 is filed post-27th September.
Form AOC-4 attachment
Statement of Financial
Abridge Directors Report (As per rule 8A)
MCA Form MGT- 7A
The aforesaid would obligated to file within 60 days from the AGM date.
AGM can conduct a maximum of up to 27 September 2022.
26th November 2022 would be the last date of MGT-7.
Rs 100 per day shall be levied if the MGT-7 is filed after 26 November,
Attachment to Form MGT-7A
Director List
Shareholder List
Can the Due Date of AOC-4 of OPC be Postponed if the Date of AGM is Extended by MCA?
There is no need to conduct an Annual General Meeting (AGM) by the OPC. an individual can deem that despite when the date of AGM would get extended via the MCA, it would not impact the last date of AOC-4. 27 September will be the last date of AOC-4.
Final: This thorough guide makes it easier for One-Person Companies to navigate the yearly filing procedure. The fundamentals of AOC-4, MGT-7A, and AGM regulations should be understood by OPCs in order to assure compliance. This manual is a priceless tool for OPCs seeking to complete their yearly filing requirements and preserve their legal status.
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