Other Compliances · Panaji, Goa
Complete One Person Company (OPC) compliance in Goa — the annual ROC and tax obligations of an OPC: AOC-4, the abridged MGT-7A return, statutory audit, auditor appointment, director KYC and income tax — kept current so your OPC stays in good standing.
Overview
An OPC enjoys lighter compliance than other companies — notably, it need not hold an AGM and files the abridged annual return MGT-7A — but it is still a company with real obligations. It must file AOC-4, undergo a statutory audit, appoint an auditor, and keep its director's DIR-3 KYC current.
On the tax side, an OPC files its income-tax return as a company and meets TDS and, where applicable, GST obligations. Member or nominee changes are filed in INC-4. We manage the full OPC compliance calendar, drawing on our company compliance and retainer services.
What's covered
The full OPC compliance calendar, handled.
Get a fixed-fee quote →Filing the financial statements after they are adopted.
Filing the abridged annual return for the OPC.
Coordinating the mandatory audit and auditor (ADT-1).
Keeping the director's DIR-3 KYC current.
Filing the OPC's company income-tax return and TDS.
Filing INC-4 for member or nominee changes.
Our process
We set out the OPC's annual calendar.
We coordinate the audit and finalise accounts.
We file AOC-4, MGT-7A and the tax return.
We keep KYC and event filings current.
Frequently asked questions
An OPC must file its financial statements in AOC-4 and an abridged annual return in MGT-7A, undergo a statutory audit, appoint and register an auditor, keep its director's DIR-3 KYC current, and file its income-tax return. Even with relaxations, these obligations are mandatory.
No. A key relaxation for an OPC is that it is not required to hold an annual general meeting. However, it must still adopt its financial statements and meet its filing obligations, so the absence of an AGM does not remove the compliance burden.
Yes. Statutory audit is mandatory for an OPC regardless of its turnover, as it is a company. An auditor must be appointed and the appointment registered in ADT-1, and the audited accounts feed into the AOC-4 filing. We coordinate the audit and filings.
An OPC is taxed as a company and files a company income-tax return, at the applicable corporate tax rate, rather than at individual slab rates. It also meets TDS obligations and GST compliance where applicable. We handle the OPC's direct and indirect tax filings.
Following the 2021 reforms, an OPC is no longer forced to convert to a private or public company on crossing earlier turnover or capital thresholds, and conversion is now voluntary. We advise if and when conversion makes sense for your OPC.
A change of member or nominee in an OPC must be recorded with the ROC in Form INC-4, with the new nominee's consent. We file these changes promptly so the OPC's records and succession arrangement stay correct.
Book a free consultation and share your OPC details. We set up and run the full compliance calendar, on a transparent fee.
Related services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll manage your OPC's annual compliance — no obligation.