Company Registration 24 September 2026
OPC Must Hold AGM or Face Penalties Under Companies Act
Even if an One Person Company (OPC) declares “no AGM,” the Companies Act 2013 still requires it to hold an annual general meeting. Missing the AGM triggers the same uncapped daily penalty as any private limited company, so non‑compliance can quickly become costly.
The Companies Act 2013 still obliges One Person Companies (OPCs) to conduct an annual general meeting (AGM). Declaring “no AGM” does not exempt the firm from compliance, and any missed filing attracts the same uncapped daily fine as private limited firms.
- No AGM → compliance breach
- Penalty: unlimited daily fine until rectified
- Action: file AGM minutes and related documents promptly
For full details, see the original article.
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.