Title: OPC Annual Compliance Report The OPC Annual Compliance Report provides an objective evaluation of the organization’s adherence to regulatory requirements. It highlights areas of non-compliance and outlines recommended actions for improvement. This report serves as a valuable tool for ensuring transparency and accountability within the organization.

Running a One Person Company (OPC) offers numerous benefits, from limited liability to complete control, making it a popular choice for solo entrepreneurs. However, like any business structure, OPCs are subject to certain legal obligations, including annual compliance requirements. Staying on top of these requirements is essential to maintain the legality and credibility of your OPC.

1. 1. Appointing of Auditors: The company must appoint an auditor who will be responsible for auditing the financial statements. The auditor must be a member of the Institute of Chartered Accountants of India (ICAI).
   2. Preparing Director’s Report: Section 134 of the Companies Act, 2013 says that Form AOC-4 is needed to file the Director’s Report. The purpose of preparing a Director’s Report is to give shareholders a preview of the financial position of the company and the scope of its business. The signed ‘minutes of meetings’ is required to be maintained at the Registered Office.
   3. Filing of Financial Statements: The financial statements must be filed with the MCA (Form AOC-4) within 180 days from the end of the financial year. The statements must accurately reflect the company’s financial performance for the year.
   4. Filing of Annual Return: The annual return must be filed with the MCA (Form MGT-7/7A) within 180 days from the end of the financial year. It must contain accurate information about the company’s shareholders, directors etc.
   5. Filing of Income Tax Returns: The company must file its income tax returns with the Income Tax Department by September 30th of each financial year.
   6. DIR- 3 KYC: All the directors must file form DIR-3 KYC with the MCA within 30^th September each year, otherwise their DIN will be deactivated.

In conclusion, annual compliance is an important aspect of running a One Person Company. By staying informed about the latest regulations and laws and taking the necessary steps to remain compliant, companies can avoid fines, penalties, and legal action. It’s also a good idea to seek professional advice from a chartered accountant or a legal expert to ensure that your company is in compliance with all relevant laws and regulations.

The document titled OPC Annual Compliance focuses on providing an objective overview of the requirements for one person company annual filing. It outlines the necessary steps and guidelines to ensure adherence to OPC annual compliance regulations. Companies can refer to this document to streamline their annual filing processes efficiently. The document titled OPC Annual Compliance outlines the requirements and procedures for one person company annual filing. It is crucial to adhere to the guidelines stipulated in the OPC Annual Compliance document to ensure regulatory compliance and avoid penalties. Kindly review the contents of the document carefully and submit the necessary filings within the specified timeline.