What are business compliances in India?

Business compliances are mandatory statutory filings and regulatory obligations prescribed by authorities such as MCA, Income Tax Department, GST authorities, and labour departments.

Is ROC compliance mandatory for all companies?

Yes, all registered companies including Private Limited, OPC, LLPs, and Public Limited Companies must file periodic ROC compliances to remain legally active.

What happens if business compliances are missed?

Missing compliances can result in heavy penalties, late fees, director disqualification, legal notices, and business restrictions.

Are compliances different for LLP and Private Limited Company?

Yes, LLPs and Private Limited Companies have different compliance structures, forms, and filing timelines as per MCA regulations.

Does TRAX provide ongoing compliance management?

Yes, TRAX offers end-to-end ongoing compliance management including tracking, reminders, filings, and expert support.

One Person Company (OPC) Registration

An One Person Company (OPC) allows a single entrepreneur to start a company with limited liability and a separate legal identity. TRAX helps you register an OPC smoothly with end-to-end support.

✓ Limited liability ✓ Single owner control ✓ MCA compliant

What is a One Person Company?

An OPC is a type of company introduced under the Companies Act, 2013 that enables a single individual to incorporate a company with limited liability. It combines the benefits of sole proprietorship and private limited company.

Key Features of OPC

Single Shareholder

Only one person is required to own and manage the company.

Limited Liability

Personal assets are protected from business liabilities.

Separate Legal Entity

The company has its own legal identity distinct from the owner.

Easy Compliance

Lower compliance burden compared to private limited companies.

Perpetual Succession

Nominee ensures continuity in case of incapacity.

Higher Credibility

Better credibility than proprietorship for banks and clients.

OPC Registration Process

DSC & DIN for the director

Name approval from MCA

Drafting MOA & AOA

Certificate of Incorporation

Register Your OPC with TRAX

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