OPC Compliance

One Person Company (OPC) compliance is a streamlined set of legal obligations designed for businesses with a single director and member, offering the benefits of limited liability. Despite its simplified structure, an OPC must adhere to mandatory annual filings with the Ministry of Corporate Affairs (MCA), including submitting audited financial statements (Form AOC-4) and annual returns (Form MGT-7A). Key requirements also include conducting at least two board meetings annually (with a minimum 90-day gap), appointing a statutory auditor, and ensuring the director’s KYC (DIR-3 KYC) is updated. Timely compliance is crucial to avoid penalties and maintain the company’s active status, ensuring legal adherence and safeguarding the limited liability protection for the sole owner.