LAST DATE OF ANNUAL FILING OF OPC IS APPROACHING: DO IT NOW
As per section 2(62) of Companies Act 2013 OPC means a Company which has one person as its member.
One Person Company (OPC) Shall File a Copy of the financial statements duly adopted by its member, along with all the documents which are required to be attached to such financial statements, within one hundred eighty (180) days from the closure of the financial year. (Section 137 of the Companies Act 2013).
AGM not Applicable for OPC (Section 96 of Companies Act 2013)
A person can be member in only one OPC.
The following 2 E-forms to be filed for Annual ROC filing is:
- Form MGT-7A – Annual Return
- Form AOC- 4 – Filing of Audited Financial Statements, Balance Sheet & Profit & Loss Account
Due date for Annual Financial Statements (AOC-4): The due date for Annual Filing is 27.09.2021 (For the F.Y. ended on 31.03.2021)
Due date for Annual Return (MGT-7:- OPC does not require to hold AGM, yet the due date for filing Form MGT 7A shall be 60 days from the completion of the 6 months from the end of financial year, that means due date will be 60th day from 27.09.2021).
Penalty for Non – submission with in due timeline: In case a return has not been filed, a Penalty (additional fees) will be levied from the due date (27.09.2021) of INR 100/- per day for each day for which default continue.
This article has been written by CS Tanuj Chandra Saxenaa (ACS, M.COM, MBA (FINANCE), CFI (FMVA) (Pursuing) SAP FICO Certified. He is a Practicing Company Secretary and Trademark Agent in Tanuj Saxena & Associates in Lucknow, Uttar Pradesh.