OPC Annual Filing Compliances Due Date and MGT 7A [CS Lalit Rajput]



One Person Company

Sec 2(62) "One Person Company" means a company which has only one person as a member. 

For OPC: Return Filing Provisions & AGM

♦ Section 137 of the Companies Act, 2013

One Person Company 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

AGM not Applicable for OPC: Section 96

(1) Every company other than a One Person Company shall in each year hold in addition to any other meetings, a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it, and not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next:

OPC Annual Filings – Timeline and Key points:

  1. One Person Company 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 CA 2013).

  2. AGM not Applicable for OPC: (Section 96.)

  3. A person can be member in only one OPC.

  4. The following 2 E - forms to be filed for Annual ROC filing is:

    1. MGT-7 - Annual return

    2. AOC- 4 - Financial Statements, Balance Sheet & P&L Account

  1. Due date for Annual Financial Statements (AOC-4):The due date for Annual Filing is 27.09.2021 (if FY ended on 31.03.2021)

  1. Due date for Annual Return (MGT-7A) : OPC does not require to hold AGM, yet the due date for filing Form MGT 7 shall be 60 days from the completion of the 6 months from the end of financial year, that meansdue date will be 60th day from 27.09.2021.

  2. Form MGT-7A is the form prescribed for Annual Return of One Person Company and Small companies. This form is applicable in respect of Annual Return for the F.Y. 2020-21 and onwards of OPC as defined under Section 2(62) of Companies Act, 2013, and small companies.

  3. 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.   

For further query, please connect at 9625483520 / cslalitrajput@gmail.com

Kindly note that: (Annual Filing for other than OPC & knowledge purpose)

Date of AGM shall be included while calculating the filing days. For Example:

AGM Date is 31.12.2020 then ADT-1 has to be filed on or before 14.01.2021 & AOC-4 on or before 29.01.2021 without any additional fee. The same will be applicable for MGT-7 as well (within 60 days from AGM)

Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.

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