Mandatory compliance for a one person company


Hi All,

I recently got my OPC (one person company) registered through a registration service provider in Bangalore. The OPC is incorporated on 17th May 2018. However, I now I am confusion regarding the post registration/incorporation compliance. The problem is different service providers are giving conflicting opinions. Some are saying "maintaining statutory register" is not mandatory, while other are saying "GST registration and filings" is not mandatory, while some are saying "professional tax" is not mandatory. Since I do not have expertise in compnaies act and laws and taxation, this all is very confusing for me. Could some experts from here please help me get a very clear picture of what the mandatory compliance are for an one person company (private company) registered here in Bangalore, Karnataka. If it is of any help - the company has a single director (who is also the only shareholder). I am not expecting turnover of more than 10 lacs in this FY.

Looking forward to suggestions and help please.

Regards,

Ritam Biswas

Bangalore

 
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