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Introduction
to One Person company
According
to OPC Company registration in Bangalorethe proposal of one person company for the
corporate laws that had created a revolutionary proposal which was introduced
by the Companies Act 2013. Previously in the past company Act 1956, where there
was a minimum of two shareholders and directors were required. At the present,
the company can be established with only one person as a director and
shareholder. As we see, as soon as you register for One Person Company, the law
needs to obey all the mandatory compliance that is required by ROC. So, in this
article, we will be discussing Mandatory compliance for OPC.
What
is one person company?
Section
2(62) of the Companies Act explains to us a one-person company as the company
that has only one person as to its members. Moreover, the members of a company
are nothing but contributors to its communication of association, or its
shareholders. So, an OPC is productively a company that has only one
shareholder as its member.
What
is the Annual filing for One Person Company in the form MGT 7?
As
per OPC registration service provider in Bangalorethe OPC Annual Return Filing must be filed
with the Registrar of the Companies
The
returns should be filed and completed with the ROC as an extension to Form MGT
7
This
kind of annual return has to be signed by the Company Secretary
If
there is no Company Secretary available, the director has to be signed the
return.
It
should be filed by all the OPC registered all over India every year
The
Documents that are necessary for MGT 7:
PAN/CIN
Details
of main business activities
List
of shares and shareholding
Details
of debentures and loans
List
of other securities held by the company
The
information should be revealed in the Annual filing
The
annual return should contain the documents and information that include a
register of members, shares, registered office address, a compliance
certificate, and debentures details, information about the management of the
company, debt details of the company.
The
annual return would also reveal the shareholding formation of the Company,
changes in details, and directorships of the transfers of securities.
Financial statement of One person Company
(AOC4)
According
to Opc Registration Consultants in Bangalore the Companies Act 2003, the
audited financial Statements and Records are to be filed digitally in Form AOC
4.
The
above form should be signed by the Board of Directors.
The
above same form must be filed on or before 180 days from 31st March of every financial
year with the registrar of the companies.
The
financial report and statements should only surround the Profit and Loss
Account, notes to the accounts, Balance Sheet, and Audit report.
A Junior Chartered Accountant must be
specified as the auditor of the company on or before 30 days of the federation
as the first auditor of the company.
Appointment
of Auditor (Form ADT-1)
If
you need the Appointment of an Auditor, the One Person Company should carry out
the required documents to file Form ADT-1 on or before 15 days of the closure
of the first AGM.
In the Primary AGM of the company, a company
can designate the auditor who can hold office till the closure of the 6th AGM.
There
is no necessary to file from ADT 1 for the arrangement of the First Auditor who
can hold office till the closure of the first Annual General Meeting.
Nevertheless,
when the Subsequent Auditor is designated, the One Person Company is required
to file Form ADT-1.
How to
Apply for OPC REGISTRATION in Bangalore?
Do you want to get
anOPC REGISTRATIONinKarnataka? then we are here to help you, we
are the top company incorporation service provider in Bangalore. feel free to
send your inquiry to [email protected] or feel free to contact: 7975187793 or
visit https://www.consultry.in/
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