Annual Compliance for One Person Company
An Annual Compliance for One Person Company (OPC) is a distinct corporate entity where a single individual can incorporate a company and enjoy the benefits of limited liability. While offering simplified compliance compared to private limited companies, OPCs are still mandated to fulfill specific annual compliance requirements with the Ministry of Corporate Affairs (MCA). These compliances ensure transparency and legal standing, protecting the sole director/shareholder.
A One Person Company (OPC) in India, though having only one member, is still treated as a separate legal entity and falls under the ambit of the Companies Act, 2013. This means it has its own set of mandatory annual compliances, similar to other companies, to ensure transparency and accountability. Failing to adhere to these can result in significant penalties.
Laams Tax Consultancy offers specialized MCA Compliance Services in Chennai for One Person Companies. Our expertise ensures that all statutory obligations are met diligently and on time, helping OPCs maintain their active status and avoid unnecessary penalties, allowing the entrepreneur to focus on business growth.
