One Person Company Compliance

 

One Person Company Compliance

One Person Company (OPC) is necessary to maintain compliance as per Income Tax Act and Companies Act. One Person Company is necessary to file the copy of Financial statement within 180 days from the closure of the financial year. Hence, maintaining compliance of OPC Company mainly includes filing of income tax return with the Income Tax Department and annual return with the Ministry of Corporate Affairs.

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Major Compliances for a One Person Company