Search results
The short answer is yes, an audit is compulsory for an One Person Company Registration. Let's figure out the reasons and implications of this requirement. Legal Requirements. According to the Companies Act, 2013, an OPC must comply with the same audit requirements as other private limited companies.
OPCs must file the auditor’s report with the ROC along with the annual financial statements. The audit report assures the stakeholders regarding the accuracy and reliability of the financial statements. OPCs are subject to income tax regulations, and filing income tax returns annually is mandatory.
3 paź 2020 · Meaning of One Person Company (OPC).— OPC means a company which has only one person as a member. OPC shall have minimum 1 director and can have maximum of 15 directors. Only a natural person who is an Indian citizen and resident in India shall be eligible to incorporate OPC and shall be a nominee for the sole member of an OPC.
18 sie 2018 · The Board’s Report of One Person Company (OPC) and Small Company shall be prepared based on the stand alone financial statement of the company, which shall be in abridged form and contains the points as mentioned under Rule 8A of the Companies (Accounts) Rules, 2014.
24 lut 2021 · For the Appointment of Auditor, the One Person Company requires to file Form ADT-1 within 15 days of the conclusion of the first AGM. In the First AGM of the company, company shall appoint auditor who shall hold office till the conclusion of 6th AGM.
Under OPC Statutory Audit, CA Firm shall issue audit report certification. Form AOC 4 is used by OPC to file their annual financial statements to ROC. Attachment to AOC 4 is below. 1. Balance Sheet. 2. Statement of Profit & Loss Account. 3. Directors’ Report. 4. Auditors’ Report and Notice of AGM.
5 dni temu · (4) The report of the Board of Directors to be attached to the financial statement under this section shall, in case of a One Person Company, mean a report containing explanations or comments by the Board on every qualification, reservation or adverse remark or disclaimer made by the auditor in his report.
