How to Avoid Penalties on Late OPC Annual Return Filing

[Ishita Ramani]

A One Person Company (OPC) is required to comply with various annual filing requirements under the Companies Act, 2013. Among these, filing the OPC Annual Return on time is important to avoid penalties and legal complications.

Reasons for Delayed Filing of OPC Annual Return

• Missing the Deadline: Many OPC owners forget or are unaware of the exact due dates for filing Form MGT-7A (annual return) and AOC-4 (financial statements).
• Digital Signature Issues: If the DSC is expired or not attached properly, the return can’t be filed.
• Poor Record Keeping: If financial records or compliance documents are not maintained properly, it becomes difficult to gather the right information for filing.
• Lack of Professional Help: Sometimes, OPC owners do not consult a Company Secretary or a compliance expert.
• Not Updated with Latest Rules: Filing under outdated rules or missing new compliance updates can result in rejections.

How can you avoid penalties?

• Maintain Compliance Calendar: Keep track of due dates.
• Use Professional Services: Engage a CS or CA for timely filing.
• Digital Signature & DIN Validity: Ensure DSC and DIN are active.
• Set Internal Reminders: Automate alerts for filing deadlines and prepare financials early
• File ROC Forms Online: Use the MCA portal efficiently.

Consequences of Late Filing of OPC Annual Return

If you don’t file the OPC Annual Return on time,

• You will have to pay a fine of ₹100 every day for each form you file late, and this will keep adding up until you file.
• The company’s reputation may get damaged, making it difficult to secure loans or attract investment.

Conclusion

Timely filing of your OPC Annual Return, including Form MGT-7A and AOC-4 within 60 and 180 days, respectively, from the end of the financial year, helps you avoid penalties and strengthens your business reputation among investors.