One Person Company has to comply with Annual Requirement of RoC and Income Tax just like normal Private Limited Company. Every OPC shall prepare proper financial statement after the closure of every financial year. The financial statement has to be signed by one Director and a Practising Chartered Accountant duly. The report of Board of Directors has to be attached with financial statement.
Board of Directors Report of OPC means a report containing explanations or comments by the Board on every qualification, reservation or adverse remark or disclaimer made by the auditor in his report.