The annual compliances for opc in India are only few, and include the following main compliances: ---
The procedures involved in annual compliances for opc are separately described in the section below. Noteworthy here also is the fact that the compliance costs of an OPC in India are just medium and considerably less than those required for a private or public limited company of India. Again, a one person company (OPC) is exempt from holding the annual general meeting (AGM) and making rotation of the auditors. The hassles related with the board meeting are also substantially reduced if the OPC has only one director/shareholder. However, some periodic or annual event-based compliances (related with appointment of auditor, maintenance and audit of accounts, etc.) may additionally be made by an OPC, besides the mandatory annual compliances stipulated above.
Our full-service law firm of Delhi offers compliance services on behalf of various types of companies located in India, as an auxiliary service. These annual and periodic compliance services essentially include the opc compliance requirements, as the OPCs are now among the most popular companies in entire India. Here, it may also be just mentioned that late filing or non-filing of the annual compliances attract heavy penalties which range from 2 to 12 times the normal filing fees.
The annual compliances by an OPC located anywhere in India are to be made through the following Forms and within the below-specified timelines: ---
Available are our expert, efficient, and cost-effective services for the Annual Mandatory Compliances (AMCs) of the One Person Company located and active anywhere in entire India, and belonging to Indian or Foreign Nationals.