OPC Compliance Services | Savlana Init

Compliance · OPC

OPC Compliance — Annual Compliance for Your One Person Company, Managed.

One Person Companies have lighter compliance than private limited companies — but MGT-7A, AOC-4, DIR-3 KYC, board meeting, and conversion threshold monitoring are all mandatory. We manage your full OPC compliance calendar.

A One Person Company (OPC) under the Companies Act, 2013 enjoys certain compliance relaxations compared to a private limited company — it is exempt from holding an Annual General Meeting, is permitted to file its financial statements within 180 days of the financial year end (rather than the standard 30 days post-AGM), and is required to hold only one board meeting per half-year (rather than four per year). However, these relaxations do not eliminate the compliance obligation — they simply reduce the volume. Annual filings, director KYC, nominee maintenance, and threshold monitoring remain mandatory and non-negotiable.

The two core annual filings are Form AOC-4 (financial statements) and Form MGT-7A — the simplified Annual Return applicable to OPCs and small companies. AOC-4 must be filed within 180 days of the end of the financial year (i.e., by 27 September for a March year-end), and MGT-7A must be filed within 60 days of the notional AGM date. The sole director must also file DIR-3 KYC annually by 30 September to keep the DIN active. The nominee must be current and consenting — any change requires Form INC-4 filing within 30 days.

An OPC that crosses the prescribed financial thresholds — paid-up share capital exceeding ₹50 lakh or average annual turnover exceeding ₹2 crore in the preceding three consecutive financial years — is mandatorily required to convert to a private limited company within 6 months of crossing the threshold. We monitor these thresholds alongside the annual compliance cycle so that mandatory conversion is never missed, and we manage the conversion to private limited company when it becomes due.

Our OPC Services

AOC-4 Financial Statements Filing

Filing audited financial statements within 180 days of the financial year end (the extended OPC deadline).

MGT-7A Annual Return

Filing the simplified Annual Return (MGT-7A) within 60 days of the notional AGM date.

INC-20A Commencement Declaration

Filing INC-20A within 180 days of incorporation to avoid penalty and RoC strike-off risk.

Director DIR-3 KYC

Annual DIR-3 KYC or DIR-3 KYC Web filing for the sole director by 30 September each year.

Board Meeting Compliance

One board meeting per half-year — notice, agenda, and minutes prepared within statutory timelines.

Nominee Update (INC-4)

Filing INC-4 within 30 days of any nominee change with the new nominee's INC-3 consent.

Auditor Appointment (ADT-1)

Filing ADT-1 for auditor appointment or re-appointment within 15 days of the notional AGM date.

OPC Conversion Threshold Monitoring

Tracking paid-up capital and turnover against OPC thresholds to flag mandatory conversion to private limited company.

Our Process

Annual Compliance Calendar Setup

We map all OPC deadlines — AOC-4 (180-day), MGT-7A, DIR-3 KYC (30 Sep), board meetings — at the start of each financial year.

Board Meetings

Two board meetings per year (one per half-year) — notices, agendas, and minutes prepared and signed within statutory timelines.

Annual Filing Preparation

Audited financial statements, Annual Return data, and auditor details compiled and forms drafted.

Annual Filing & KYC

AOC-4, MGT-7A, ADT-1 filed within their respective deadlines; DIR-3 KYC filed before 30 September.

Threshold Monitoring & Conversion Advisory

Capital and turnover monitored annually; conversion to private limited company initiated if thresholds are crossed.

Why It Matters

✓OPC annual compliance calendar set up at the start of each financial year

✓Board meetings held twice yearly with correct notice, agenda, and minutes

✓AOC-4 filed within the 180-day extended OPC deadline from year-end

✓MGT-7A filed within 60 days of the notional AGM date

✓DIR-3 KYC filed for the sole director before the 30 September annual deadline

✓Nominee status kept current with timely INC-4 filings when changes occur

✓INC-20A declaration filed within 180 days of incorporation to prevent default

✓Capital and turnover thresholds monitored to flag mandatory OPC conversion

Frequently Asked Questions

An OPC must file AOC-4 (financial statements, within 180 days of year-end), MGT-7A (annual return, within 60 days of notional AGM), and ADT-1 (auditor filing, within 15 days). The sole director must file DIR-3 KYC annually, and the OPC must hold one board meeting per half-year.

No — an OPC is exempt from holding an AGM under Section 96(1) of the Companies Act. The AGM requirement does not apply, but the notional AGM date is used as the reference point for calculating MGT-7A and ADT-1 filing deadlines.

Unlike other companies (30 days post-AGM), an OPC must file AOC-4 within 180 days from the end of the financial year. For a March year-end, this means AOC-4 must be filed by 27 September of the same calendar year.

An OPC must convert to a private limited company within 6 months of the financial year end in which it exceeds paid-up share capital of ₹50 lakh or average annual turnover of ₹2 crore over three consecutive financial years. Voluntary conversion is also possible before these thresholds are crossed.

An OPC is not required to appoint a whole-time Company Secretary unless its paid-up share capital exceeds ₹5 crore. Most OPCs are below this threshold and can manage filings without a whole-time CS, though a practicing CS may be engaged for specific certifications.

MGT-7A is a simplified Annual Return form applicable to One Person Companies and small companies. MGT-7 is the full Annual Return for all other companies. MGT-7A has fewer disclosure requirements — it does not require CS certification and captures only key ownership and governance data.

Need your OPC's annual compliance managed?

We'll set up your compliance calendar, manage board meetings, file AOC-4, MGT-7A, and all KYC forms on time — and monitor your thresholds for conversion.