Appointment of Auditor

Appoint a practicing Chartered Accountant as the first statutory auditor.

No form needed for first appointment; Form ADT-1 for subsequent auditors.

Within 30 days of incorporation.

Auditor serves until the 6th AGM (or equivalent). Exemption from audit if turnover ≤ ₹2 crores (as of latest thresholds).

Commencement of Business Declaration

Declare that subscriber money has been received and verify no outstanding to creditors.

Form INC-20A.

Within 180 days of incorporation.

Mandatory for companies incorporated after November 2018; non-filing leads to penalties.

Registered Office Verification

Provide proof of registered office address (e.g., utility bill, rent agreement).

Form INC-22.

Within 30 days of incorporation.

Any change must be reported within 15 days.

Nominee Appointment

The sole member must appoint a nominee (natural person, Indian citizen/resident).

Form INC-3 (consent from nominee).

At the time of incorporation.

Nominee takes over if the member dies or becomes incapacitated.

Director Identification Number (DIN) and Digital Signature Certificate (DSC)

Sole director must obtain DIN and DSC for e-filings.

Integrated in SPICe+ form during incorporation.

At incorporation.

Annual DIR-3 KYC is required separately.

Bank Account Opening

Open a current account in the company's name.

N/A (bank-specific documents).

As soon as possible after incorporation.

Requires incorporation certificate, PAN, MOA/AOA, and board resolution.

Stationery and Name Display

Purchase name board, rubber stamp, and letterheads with "One Person Company" mentioned.

N/A.

Immediately after incorporation.

Name and address must be displayed at the registered office.

Board Meetings

Hold at least one board meeting in each half of the calendar year (gap ≥90 days). Record decisions in writing (no formal minutes needed if solo director).

Minutes book entry.

One in Jan-Jun; one in Jul-Dec.

Exemption from full board meeting rules; resolutions can be passed via minutes signed by the director.

Financial Statements Filing

File audited balance sheet, profit & loss account, and notes (no cash flow statement required). Signed by director and auditor.

Form AOC-4.

Within 180 days of FY end (by September 30).

Includes auditor's report; must be prepared per accounting standards.

Annual Return Filing

Report company details like directors, shareholders, share transfers, and borrowings. Simplified for OPCs.

Form MGT-7A (specific to OPCs and small companies).

Within 60 days from 6 months after FY end (by September 30 for most).

Snapshot of FY activities; signed by director (no company secretary needed).

Director KYC

Annual verification of director's details (email, mobile, etc.).

Form DIR-3 KYC.

By September 30 each year.

Certified by a professional (e.g., CA/CS); non-filing leads to DIN deactivation.

Income Tax Return (ITR)

File ITR for the company (even if nil income). Tax audit if turnover > ₹1 crore.

ITR-6 (for companies).

By September 30 (or October 31 if audit required).

Assessed as a resident company; deductions under Sections 80JJAA, etc., may apply.

Auditor Appointment/Reappointment

Appoint/reappoint auditor for next term.

Form ADT-1.

Within 15 days of AGM equivalent (or annually).

Auditor holds office till 6th term; file even for reappointment.

Statutory Registers Maintenance

Keep registers for members, directors, loans, charges, etc.

Physical/digital records.

Ongoing (update annually).

Includes register of charges (Form CHG-7 for creations/modifications).

MSME Half-Yearly Return

If payments to MSMEs >45 days overdue.

Form MSME-1.

Half-yearly (Oct 31 & Apr 30).

Applies if OPC deals with MSMEs; penalties for non-filing.

DPT-3 (Deposits Return)

Annual return of deposits/loans from directors.

Form DPT-3.

By June 30 (for FY end).

One-time for outstanding as of March 31; nil return if no deposits.

Other Tax Compliances

GST returns (if registered, based on turnover >₹20 lakhs), TDS (if applicable), PF/ESI (if employees). Professional tax in some states.

Varies (GSTR-1/3B, Form 26Q, etc.).

Monthly/quarterly/annual.

GST registration mandatory if interstate supply or turnover threshold met.