top of page

ROC Return Filing for One Person Company (OPC) with LPC Consultancy

One Person Companies (OPC) are a popular business structure for solo entrepreneurs looking to limit their liability while maintaining full control of their business. However, even though OPCs are simplified in terms of management and operations, they must still comply with annual ROC (Registrar of Companies) return filing requirements under the Companies Act, 2013. LPC Consultancy offers comprehensive ROC Return Filing Services for OPCs, ensuring that your business remains compliant with all legal obligations and avoids penalties.

Get Quote Instantly.

red-business-growth-chart-png-transparent-image--3.png

6000+ Startups and MSMEs Served

6000+ Startups and MSMEs Served

6000+ Startups and MSMEs Served

OVERVIEW

What is ROC Return Filing for OPC?

ROC return filing refers to the process of submitting the company’s financial, operational, and structural details to the Registrar of Companies annually. This includes the filing of annual returns and financial statements, even if no business activity occurred during the financial year. Filing these returns is mandatory to maintain the legal standing of the company and avoid penalties or disqualification of the company’s directors.

company-registration-consultant-service-500x500-1.png

HERE'S HOW IT WORKS

HERE'S HOW IT WORKS

12128042.png

1. Fill Form

Simply fill the above form
to get started.

6998040 (1).png

2. Call to discuss

Our expert will
connect with you & complete
legalities.

9824447.png

3. Get Incorporation

Get your Company
Incorporation

Why is ROC Return Filing Important for OPC?

  1. Mandatory Compliance: Every OPC must file annual returns with the ROC to comply with the Companies Act, 2013. Failure to do so can lead to severe penalties and even the striking off of the company from the ROC registry.

  2. Avoid Penalties: Non-compliance with ROC filing deadlines results in daily penalties of Rs. 100 per form. This can accumulate into a significant financial burden if filings are delayed or missed entirely.

  3. Maintain Legal Status: ROC return filing is essential for maintaining the legal status of your OPC. Without it, the company could face disqualification, and the director may be prevented from acting in any official capacity in the future.

  4. Improve Credibility: Regular compliance improves the credibility of your OPC with government authorities, potential investors, and business partners, as it shows that your company adheres to legal requirements.

  5. Ensure Smooth Business Operations: Without timely ROC filings, you may face disruptions in business operations, such as difficulties in raising capital, securing loans, or engaging in new contracts.

Types of ROC Returns Required for OPC

At LPC Consultancy, we assist with all the necessary ROC filings that OPCs must complete each year. The key ROC filings for OPCs include:

  1. Filing of Annual Return (Form MGT-7A)

    • Form MGT-7A is the simplified annual return form required for One Person Companies. This return must be filed within 60 days of the Annual General Meeting (AGM) or 180 days from the closure of the financial year. It includes details about the OPC’s management, ownership, and key business activities.

  2. Filing of Financial Statements (Form AOC-4)

    • The company’s audited financial statements, including the balance sheet, profit and loss account, and cash flow statement, must be filed annually through Form AOC-4. This filing must be done within 180 days of the closure of the financial year.

  3. Director’s KYC (Form DIR-3 KYC)

    • Every director of an OPC must file their KYC details with the ROC annually to ensure that their DIN remains active. LPC Consultancy assists in gathering the necessary documents and filing Form DIR-3 KYC on behalf of the director.

  4. Event-Based Filings

    • OPCs must file additional returns when specific events occur, such as a change in the company’s registered office, alterations in shareholding, or any updates in the director's details.

Documents Checklist

DOCUMENTS REQUIRED FOR OPC REGISTRATION

Audited Financial Statements

This includes the balance sheet, profit and loss account, and cash flow statements.

Company’s PAN and TAN

Required for tax-related filings.

Director’s Report
A report outlining the company’s performance and any changes in operations during the financial year.
KYC Documents of Directors
Identity and address proofs for filing DIR-3 KYC.
Minutes of Meetings

 Though an OPC is exempt from holding an AGM, any key business decisions or resolutions taken during the year must be documented and submitted.

How LPC Consultancy Helps with OPC ROC Return Filing

At LPC Consultancy, we make the entire ROC return filing process for One Person Companies simple and hassle-free. Our team of experts ensures that your OPC remains compliant with all ROC requirements and avoids penalties.

  1. Collection and Review of Documents

    • We help gather all the necessary documents, such as financial statements and KYC documents, and review them to ensure they meet ROC filing requirements.

  2. Preparation of Forms

    • Our experts prepare all the required forms, including Form MGT-7A for the annual return and Form AOC-4 for financial statements, ensuring that they are completed with accuracy.

  3. Timely Filing with the ROC

    • We handle the filing process, submitting the forms to the MCA portal on time to avoid any penalties or late fees.

  4. Compliance Tracking

    • We track all filing deadlines for your OPC and provide timely reminders, ensuring that you stay compliant without missing any critical filing dates.

  5. Post-Filing Support

    • After your filings are complete, we provide you with all necessary documentation and offer post-filing support to address any further queries or issues related to compliance.

Consequences of Non-Compliance in OPC ROC Filing

  1. Penalties for Late Filing: Failing to file the required returns on time results in a penalty of Rs. 100 per day per form, which accumulates quickly.

  2. Director Disqualification: Non-compliance with ROC filings can lead to the disqualification of the company’s director, preventing them from holding directorial positions in other companies.

  3. Striking Off the Company: Persistent failure to comply with ROC filing requirements can lead to the striking off of the OPC from the ROC registry, dissolving the company.

  4. Legal Issues: Non-compliance can invite legal scrutiny and challenges from the MCA, which could disrupt the company’s business operations.

Why Choose LPC Consultancy for ROC Return Filing?

  1. Expert Legal Support: Our experienced team of professionals ensures that your ROC returns are filed accurately and on time, helping you avoid penalties and legal complications.

  2. Complete Compliance Management: We handle the entire compliance process from start to finish, including document collection, form preparation, and filing.

  3. Timely Filings: With our compliance calendar and regular reminders, you never have to worry about missing a filing deadline.

  4. Transparent Pricing: We offer transparent pricing with no hidden fees, ensuring that you get full compliance services at an affordable cost.

  5. Customized Solutions: We understand that every OPC is unique, so we tailor our services to meet your specific business needs.

OUR CLIENTS SAY

There was a little bit of anxiety and doubt when I contacted them as I was from one side of the country and they were from other side and I was new to online filing and legal process. But the service I got from them was marvelous. These guys are so professional, that I never felt to be new to them. The execution of legal and processing was first class. They finished the assignment before committed time and pricing is absolutely affordable and value for money." 

Mr. Bikash Garabadau,
Founder, Cosmo Trade, Bhubaneswar, Odisha

FAQs About ROC Return Filing for OPC

  • What is the process for appointing a director in a company?
    The process involves obtaining a DSC, applying for a DIN, passing a board resolution, and filing Form DIR-12 with the ROC.
  • What documents are required for appointing a director?
    Key documents include the DSC, DIN, identity proof, address proof, consent to act as a director (Form DIR-2), and a declaration of non-disqualification.
  • What is Form DIR-12?
    Form DIR-12 is the form filed with the ROC to notify the appointment of a new director, containing details about the director and their role.
  • What is a DIN, and why is it required?
    A DIN (Director Identification Number) is a unique identification number issued by the MCA to individuals who wish to serve as a director in any company.
  • Can an individual be a director in more than one company?
    Yes, an individual can serve as a director in multiple companies, but there are limits on the number of directorships as per the Companies Act.
  • What happens if Form DIR-12 is not filed on time?
    Failure to file Form DIR-12 within 30 days of the director’s appointment can result in penalties and the appointment being considered invalid.
  • Who can appoint a director?
    Directors can be appointed by the company’s board of directors, shareholders, or a nomination committee, depending on the company’s articles of association.
  • What is the role of a non-executive director?
    A non-executive director contributes to the company’s governance and strategic decision-making but does not participate in day-to-day operations.
  • How can LPC Consultancy help in appointing a director?
    LPC Consultancy handles the entire process, from document collection to filing with the ROC, ensuring a smooth and compliant appointment.
  • Can a director be appointed without a board meeting?
    No, a board meeting must be held, and a resolution must be passed to formally appoint the director.
  • Can a foreign national be appointed as a director in an Indian company?
    Yes, foreign nationals can be appointed as directors in Indian companies, provided they meet the eligibility criteria and have the necessary documentation.
  • What is the difference between an executive and a non-executive director?
    An executive director is involved in the company’s day-to-day management, while a non-executive director focuses on governance and strategy.
  • Is a Digital Signature Certificate (DSC) mandatory for directors?
    Yes, a DSC is required for signing digital forms and documents submitted to the ROC.
  • What is Form DIR-2?
    Form DIR-2 is the written consent from the director, stating their willingness to act as a director in the company.
  • Can a company appoint more than one director at a time?
    Yes, a company can appoint multiple directors in a single board meeting, provided all necessary filings are completed.
  • What is a nominee director?
    A nominee director is appointed to represent the interests of a shareholder, creditor, or financial institution on the company’s board.
  • Can a director be removed after being appointed?
    Yes, a director can be removed through a shareholder resolution or by the board, depending on the company’s articles of association.
  • What is the tenure of an additional director?
    An additional director holds office until the next AGM, after which the shareholders must confirm their appointment.
  • Is there a minimum age requirement for becoming a director?
    Yes, an individual must be at least 18 years old to be eligible for appointment as a director in an Indian company.
  • What is the maximum number of directorships a person can hold?
    An individual can hold a maximum of 20 directorships, with not more than 10 in public companies.
  • What is the process for resigning as a director?
    A director can submit their resignation, and the company must file Form DIR-12 to inform the ROC of the resignation.
  • Can an LLP appoint a director?
    No, LLPs have designated partners instead of directors, but partners can have similar roles in decision-making.
  • Is it necessary to update statutory registers after appointing a director?
    Yes, the statutory registers of directors and key management personnel must be updated after appointing a director.
  • What is the role of an alternate director?
    An alternate director is appointed to temporarily act on behalf of a director who is unable to attend board meetings for an extended period.
  • What sets a Private Limited Company apart from other business structures in India?
    A Private Limited Company offers a balance between flexibility and limited liability, making it ideal for small to medium-sized businesses that wish to grow while minimizing personal financial risk.
  • Why should I consider registering my business as a Private Limited Company?
    Registering as a Private Limited Company provides your business with legal recognition, enhances credibility, and opens up opportunities for investment and growth, while protecting your personal assets.
  • Can I start a Private Limited Company if I already have another business?
    Yes, you can start a Private Limited Company even if you already own another business. However, the new company must operate as a separate legal entity with its own distinct identity.
  • What is the process for choosing the right business structure before registration?
    Choosing the right business structure involves evaluating your business goals, investment plans, risk appetite, and long-term vision. Our experts at LPC Consultancy can help you make an informed decision.
  • What happens if my chosen company name is already taken?
    If your preferred company name is already in use or does not meet the naming guidelines, you will need to submit alternative names. Our team will assist in checking availability and suggesting appropriate names.
  • How does a Private Limited Company protect my personal assets?
    In a Private Limited Company, shareholders' liability is limited to the amount they have invested in shares. This means your personal assets are protected in case the company faces financial difficulties.
  • Can I run my Private Limited Company from home?
    Yes, you can run your Private Limited Company from your home as long as the address is registered with the Ministry of Corporate Affairs as the official registered office of the company.
  • Is it necessary to have a physical office space to register a Private Limited Company?
    While you need a registered office address, it does not have to be a commercial space. It can be a residential address, as long as it is in India and all legal notices can be served there.
  • How many shareholders are required to form a Private Limited Company?
    A Private Limited Company requires a minimum of two shareholders and can have a maximum of 200 shareholders.
  • What is the role of a Director in a Private Limited Company?
    Directors are responsible for managing the day-to-day operations of the company, making strategic decisions, and ensuring compliance with legal and regulatory requirements.
  • Can I appoint a foreign national as a director in my Private Limited Company?
    Yes, foreign nationals can be appointed as directors in a Private Limited Company, provided they obtain a valid Director Identification Number and comply with other legal requirements.
  • What are the responsibilities of a shareholder in a Private Limited Company?
    Shareholders own a portion of the company through their shares and have the right to vote on major decisions, such as the election of directors and changes to the company's structure.
  • Can I transfer shares in a Private Limited Company?
    Yes, shares in a Private Limited Company can be transferred, but the process is more restricted compared to public companies. The transfer usually requires approval from the board of directors.
  • How does a Private Limited Company handle profits and losses?
    Profits earned by the company can be distributed to shareholders as dividends, reinvested in the business, or held in reserves. Losses are borne by the company, and shareholders are not personally liable.
  • What is the significance of the Memorandum of Association (MOA) and Articles of Association (AOA)?
    The MOA outlines the company’s objectives and scope of activities, while the AOA defines the internal rules for managing the company. Together, they form the company's constitution.
  • How does a Private Limited Company ensure compliance with regulatory authorities?
    A Private Limited Company must comply with various regulations, including filing annual returns, maintaining statutory records, and adhering to tax obligations. LPC Consultancy offers ongoing compliance services to help manage these responsibilities.
  • What are the options for raising capital in a Private Limited Company?
    A Private Limited Company can raise capital by issuing shares, obtaining loans, or seeking investments from venture capitalists, angel investors, or private equity firms.
  • How does a Private Limited Company maintain its perpetual succession?
    Perpetual succession means that the company continues to exist even if shareholders or directors change, ensuring continuity of business operations.
  • What role does the Registrar of Companies (ROC) play in company registration?
    The Registrar of Companies is the government authority responsible for registering companies, maintaining records, and ensuring that companies comply with legal requirements.
  • How do I ensure my Private Limited Company name is unique and compliant with regulations?
    Our team at LPC Consultancy will help you conduct a thorough search to ensure your chosen name is unique and compliant with the naming guidelines set by the Ministry of Corporate Affairs.
  • What are the common challenges faced during the registration of a Private Limited Company?
    Common challenges include name availability issues, document verification delays, and compliance with legal formalities. Our experts at LPC Consultancy help you navigate these challenges smoothly.
  • Can I convert my Private Limited Company into another business structure later?
    Yes, a Private Limited Company can be converted into another business structure, such as a public limited company or LLP, by following the legal process. LPC Consultancy can assist with the conversion process.
  • What are the tax implications for shareholders in a Private Limited Company?
    Shareholders in a Private Limited Company may be subject to tax on dividends received. Additionally, the company itself is subject to corporate taxes on its profits.
  • How does a Private Limited Company ensure confidentiality of its business operations?
    While a Private Limited Company must comply with public disclosure requirements, it can maintain confidentiality in certain areas, such as internal management practices and shareholder agreements.
  • Why should I choose LPC Consultancy to help register my Private Limited Company?
    LPC Consultancy offers personalized guidance, transparent pricing, and a commitment to timely and accurate service, ensuring your company registration process is efficient and stress-free.
bottom of page