Our Services

A One Person Company (OPC) is a unique business structure that allows a single individual to operate as a corporate entity. However, like other companies, OPCs are required to meet certain legal and regulatory compliance requirements to maintain their legal standing. At WeIncept, we provide comprehensive OPC compliance services to help you fulfill all statutory obligations, ensuring your business remains compliant and operational.

What is OPC Compliance?

OPC compliance refers to the legal and regulatory obligations that a One Person Company must adhere to. These include annual filings with the Ministry of Corporate Affairs (MCA), income tax filings, maintaining financial records, and complying with the Companies Act, 2013. OPCs must meet specific compliance requirements to avoid penalties and ensure smooth business operations.

Key OPC Compliance Services Offered by WeIncept:

• Annual Return Filing (Form MGT-7): We assist in filing the annual return, which details the financial statements, shareholding structure, and compliance status of the OPC.
• Filing of Financial Statements (Form AOC-4): We ensure the filing of financial statements, including the balance sheet, profit and loss account, and audit reports, as required by law.
• Income Tax Filing: We handle the filing of the OPC’s income tax returns, ensuring timely submissions and adherence to tax regulations. We also assist in the tax filing of the OPC owner if necessary.
• GST Registration & Filing: For OPCs exceeding the turnover threshold, we manage GST registration and the regular filing of GST returns to stay compliant.
• Books of Accounts Maintenance: We help you maintain proper financial records, which are crucial for filing returns and for audits.
• ROC Filings: We handle various filings with the Registrar of Companies (ROC), including director changes, registered office changes, and other amendments related to the OPC.
• Compliance with Board Resolutions: Although OPCs do not have a board of directors, certain resolutions (e.g., for borrowing funds or investing) still need to be recorded and filed.
• Dissolution & Closure Compliance: If you decide to close your OPC, we assist in following the necessary legal procedures to dissolve the company, ensuring all compliance requirements are met.

Documents Required for OPC Compliance:

The following documents are typically required for OPC compliance services:

• Certificate of Incorporation
• Memorandum of Association (MoA) and Articles of Association (AoA)
• PAN card of the OPC and the director
• GSTIN (if registered under GST)
• Bank statements
• Income and expense records
• Invoices (sales and purchases)
• Previous tax filings (if applicable)

Step-by-Step Process for OPC Compliance:

1. Initial Consultation: We start with a detailed consultation to understand your OPC’s structure and specific compliance requirements.
2. Document Collection: We collect the necessary documents, including financial records, tax-related documents, and incorporation certificates.
3. Annual Return & Financial Statements Filing: Our team ensures timely filing of the OPC’s annual return and financial statements with the MCA and other regulatory authorities.
4. Income Tax Filing: We help file the OPC’s income tax return, ensuring that all tax-related obligations are met without delays.
5. GST & ROC Compliance: We assist with GST returns (if applicable) and handle all ROC filings related to changes in the OPC structure or legal matters.
6. Ongoing Compliance Support: We provide ongoing support to help your OPC remain compliant with all regulatory changes, including changes to the Companies Act, 2013.

Why Choose WeIncept for OPC Compliance?

• Expert Knowledge of OPC Laws: Our team is well-versed in the Companies Act, 2013, and all regulations surrounding OPCs, ensuring accurate compliance services.
• Comprehensive Compliance Services: We provide end-to-end services for all your OPC compliance needs, including tax filing, ROC filing, and financial statement filing.
• Customized Solutions: We tailor our compliance services to meet the specific needs of your OPC, ensuring that you only pay for the services that are relevant to your business.
• Timely Compliance Reminders: We track your compliance deadlines and send timely reminders, ensuring that your OPC stays compliant year-round.
• Cost-Effective Solutions: Outsourcing your OPC’s compliance needs to WeIncept is a cost-effective way to ensure compliance without the need for in-house resources.

Benefits of OPC Compliance:

• Avoid Penalties: Staying compliant with the Companies Act and tax regulations helps avoid penalties and legal consequences.
• Ensure Business Continuity: Proper compliance ensures your OPC can operate smoothly without interruptions caused by regulatory issues.
• Enhance Business Credibility: A compliant OPC is more attractive to clients, investors, and lenders, enhancing your business reputation.
• Accurate Financial Management: Regular compliance ensures that your financial records are up-to-date and accurate, simplifying audits and tax filings.
• Attract Investment: A well-maintained and compliant OPC is more likely to attract investment or business partnerships.

Consequences of Non-Compliance:

• Fines and Penalties: Non-compliance with statutory obligations can result in hefty fines, penalties, and interest charges from tax authorities and the MCA.
• Legal Proceedings: Non-compliance with the Companies Act may result in legal actions being taken against the OPC or its director.
• Business Disruption: Non-compliance with regulatory requirements can lead to business interruptions, including the suspension of the OPC’s business operations.
• Loss of Credibility: Failure to comply with regulations may damage the reputation of the OPC, making it harder to gain trust with clients, investors, and lenders.

Get Started with WeIncept Today!

Take the next step towards managing your business with the WeIncept's comprehensive solutions. Contact WeIncept at info@weincept.com or call +91 8595714205 to get started today. Let our experienced team guide you through the entire registration process so you can focus on building your business!