Tuesday, December 29, 2015

What is a OPC One Person Company

12,000 to form a company



6,000 each year for maintenence

Annual Filing
At the end of each financial year all Private Limited Companies/Public Limited companies have to close their accounts and conduct audit. After completing the audit an Annual General Meeting has to be conducted to pass the audited Balance sheet and P& L account with Auditors Report. This Balance sheet and other financials of the company have to be filed with Registrar of Companies (RoC) in prescribed form within the stipulated time period.

The various forms are 
Forms to file in Annual Filing are Form 23AC (for Balance Sheet), Form 23ACA (for Profit and loss Account), Form 20B (for Annual Return to those companies having Share capital).


Annual Return
It is an part of annual filing where in Annual Return (also referred as "Schedule V") all the information about the company has to be displayed, such as Registered office address of the company, Authorized Capital, Paid up capital, present Directors of the Company, present Shareholders of the company etc.