An OPC benefits from certain relaxations under the Companies Act — it isn't required to hold as many board meetings and has simplified annual return requirements compared to a Private Limited Company. Both still require statutory audit, annual filing with the Registrar of Companies (RoC), and income tax return filing regardless of turnover.
| Compliance Item | OPC | Private Limited |
|---|---|---|
| Board meetings per year | Relaxed — one per half year is sufficient in most cases | Minimum four per year |
| Annual RoC filing | Required, simplified format | Required, standard format |
| Statutory audit | Mandatory regardless of turnover | Mandatory regardless of turnover |
| Typical annual compliance cost (professional fees) | Lower, due to reduced procedural requirements | Higher, proportional to filings and meetings |