Annual Compliance for One Person Company

Being compliant to the rules that have been setup by the companies act is important for you if you want to make sure that your standing as a One Person company is a good one. To that end, you need to file some compliance on an annual basis.

If you are not compliant, not only our company will lose a legal standing, it will also be penalized. These penalties are of varying nature. While you might want to defer the compliances because of the initial laxed-nature of the penalties, as time goes by and if you are still not compliant, the intensity of the penalties will increase.