Annual Compliance — One Person Company

A One Person Company has some relaxations — no annual general meeting is required, and some board-meeting requirements are eased — but it remains a company, so its audited accounts, ROC filings, and tax return are all mandatory.

The firm runs the OPC's compliance calendar, applying the relaxations while meeting every deadline.

Annual compliance for an OPC includes:

• Audited financial statements and the board's report
• AOC-4 (financials) and MGT-7A (annual return) filings
• At least the minimum board meetings prescribed for an OPC
• DIR-3 KYC and event-based returns as applicable
• The income-tax return, and tax-audit where applicable

1. 01

   Compliance calendar

   Map the OPC's due dates, applying its relaxations.

2. 02

   Accounts & audit

   Finalise the audited accounts and board's report.

3. 03

   ROC filings

   File AOC-4 and MGT-7A within the deadlines.

4. 04

   Tax & KYC

   File the income-tax return and director KYC.

PBT keeps your OPC compliant with the right relaxations applied.

• AOC-4 and MGT-7A filed on time
• Audit and board's report handled
• Director KYC and event returns covered
• Joined up with income-tax
• Scope, deliverables, and fees agreed in writing up front

• Does an OPC need to hold an AGM?

  No. An OPC is exempt from holding an annual general meeting, though its accounts and returns must still be filed.

• Is an OPC audit mandatory?

  Yes. Like any company, an OPC must have its accounts audited each year regardless of turnover.

• How long does it take?

  The filing work is completed within the statutory windows after the accounts are finalised; we plan the calendar at the start of the year.