OPC (One Person Company) Annual Return Filing Due dates

In this Article, we are focusing on the Due dates and deadlines / timelines for Filing Annual filing Forms /  Annual Returns for One Person Company (OPC).

 

Introduction:

 

An OPC (One Person Company) will have lesser compliance obligations than other types of Companies, such as a Private Limited Company or even a Limited Liability Partnership. However, when it comes to Annual Return filing for One Person Companies, the due dates will be much earlier compare to other Companies.

 

Let us understand the due dates for OPCs for Annual Return.

 

Forms to be filed:

 

1.      AOC-4 – Filing of Financials

2.      MGT-7A – Annual Return

 

Due dates:

 

1.     AOC-4 – 27^th September every year

 

2.     MGT-7A – 28^th November every year

 

Form AOC 4 shall be filed within 180 days from the end of Financial Year, i.e., 180 days from 31^st March of Every Year. This means that the deadline for submitting E-Form AOC 4 for a One Person Company is 27^th September every year.

 

What is Form MGT-7A?

 

On March 5, 2021, MCA issued Form MGT 7A for OPC and Small Businesses.  Every year, OPC shall file Form MGT 7A. For OPC, the due date for filing Form MGT 7A 60 days from 30^th September as per the e form help kit, i.e. 28^th November every year.

 

Consequences of Late filing:

 

For Form AOC-4:

The additional fees will be Rs. 100 per day from 27^th September and it will go on adding till the filing is done.

 

For Form MGT-7A:

The additional fees will be Rs. 100 per day from 28^th November and it will go on adding till the filing is done.

 

Apart from the above additional Fees, ROC may leavy adjudication penalties for late filing.

 

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