ONE PERSON COMPANY

One Person Company commonly known as OPC, is a business entity in which there is only one owner who can act both as a shareholder as well as the director with limited liabilities. OPC registration in India was introduced through the Companies Act, 2013 to support entrepreneurs. The concept of OPC is basically to abolish the limitation of a sole proprietorship, which is the most popular form for small businesses in India. One of the biggest advantages of a One Person Company (OPC) is a single promoter gains full authority over the company thereby restricting his/her liability towards their contributions to the enterprise.

 

One Person company registration under EPFO, ESIC will be executed on the new MCA portal. It simplifies the registration process by using a new web form SPICe+ also known as Simplified Proforma for Incorporating Company Electronically Plus.

Frequently Asked Questions​

The process for One Person Company registration are as follow:

  1. Obtaining Digital Signature
  2. Obtaining Name Approval
  3. Incorporation Filing
  4. Commencement of Business

Separate Entity- OPC acts as a separate legal entity and capable of doing everything that an entrepreneur would do.

Continuous Existence-Sole Proprietorships come to an end with the death of the proprietor. As an OPC company, it has a separate legal identity, it would pass on to the nominee director and, therefore, continue to exist.

Higher Credibility-As an OPC needs to have its books audited annually, it has greater credibility among vendors and lending institutions.

Ownership Transfer-In a one-person company, the ownership can be transferred by altering the shareholding, directorship, & nominee director information.

Ability to own property-A company can own property like buildings, go-downs and can be considered a legal entity.

The director of the OPC need to submit the scanned copies of the following documents essential for OPC registration-

  1. PAN card or Passport
  2. Passport for NRIs and Foreign Nationals
  3. Scanned transcript of Driving License or Voter’s ID
  4. Updated electricity invoice/Bank account Statement/Mobile Bill
  5. Specimen signature 
  6. Passport-sized photo
  7. One Nominee PAN, Aadhar and Address Proof i.e. Bank account Statement/Mobile Bill
  8. Specimen signature

  1. Scanned Copy of Phone Invoice/ Electricity Bill/Property Tax Receipt
  2. Scanned copy of Rental Agreement 
  3. Scanned Copy of NOC from the concerned property landowner
  4. Scanned Copy of Property or Sale Deed (if the property is owned)

PLEASE BE NOTED THAT UNDER REVISED PROCEDURE NOW YOU CAN REGISTER THE COMPANY TEMPORARILY IN CASE OF DIFFICULTY IN CHOOSING REGISTRED OFFICE AND LATER WITHIN 1 MONTH CAN FILE FOR REGISTERED OFFICE.

Single member: Unlike other private company, OPCs can have only one member or shareholder.

Minimum No. of director: OPCs need to have minimum one person (the member) as director. They can have a maximum of 15 directors.

No minimum paid-up share capital: As per Companies Act, 2013 there is not any amount prescribed as minimum paid-up capital for OPCs.

Special privileges: OPCs enjoy several privileges & exemptions under the Companies Act that other kinds of companies do not possess.

The average time taken to complete the registration process is drastically reduced now and it takes only 1-2 days with CA Mantra. Changes in the same are subject to changes in government’s processing time and correctness of documents provided to us.

The One Person Company Registration process is completely online though CA Mantra, so you do not even have to leave your home to get your entity registered.

We will assist you in these ways: -

    1. Getting a Digital Signature Certificate
    2. Obtaining Director Identification Number
    3. Guiding you to choose a well-suited name
    4. Helping you to register the name in CRC (Central Registration Centre)
  • Lending a hand to prepare necessary documents required in incorporation filing

 

5 Step for One Person Company (OPC) Registration

The first Step is to obtain the Digital Signature Certificate (DSC) of the proposed Director.

Once the Digital Signature Certificate (DSC) is made, the next step is to apply for the Director Identification Number (DIN) of the proposed Director in SPICe Form. Now DIN can be applied within SPICe form for up to 3 directors.

The next step while incorporating an OPC is to decide on the name of the Company. 

There are 2 options available for name approval: –

  1. Making application in Form SPICe 32 or,
  2. Using RUN Web service of MCA by giving only 1 preferred name along with the significance of keeping that name. 

However, Ministry has decided to permit 2 proposed Names & one re-submission (RSUB) while reserving Unique Names (RUN Service) for the Companies- With effect from March 23, 2018

All mandatory documents will be attached to SPICe Form, SPICe-MOA and SPICe-AOA along with the DSC of the Director & the professional and will be uploaded for approval to the MCA site.

After uploading, Form 49A and 49B will be generated for the PAN & TAN generation of the Company which have to be uploaded to MCA after affixing the DSC of the proposed Director.

On verification, the Registrar of Companies (ROC) will issue a Certificate of Incorporation and we can commence our business.

Why Select Us?

OUR STRENGTH LIES IN PROVIDING REAL WORLD PRACTICAL SOLUTIONS

STRICT
TIMELINE

Our foremost priority is to provide Instant Support and are always very particular on adherence of timely delivery so that you don’t miss out on deadline. We have worked with some most time strict clients and we have never missed our target. Our one thumb rule says that “If we miss a deadline we are out”. Accounts and Finance function need always alert eagle eye approach!

MINIMUM
COST

Our prices are most reasonable and under budget that you never realize any cost burden in your organization in comparison of value addition we bring in. We believe in adoption of your business first and fee shall take care of itself mantra. We never bill for disappointment and take ownership. It is how we like to be treated and that is how our customers are served.

ONE STOP
SOLUTION

We at AVS & Associates only recruit experienced, skilled professionals who have proven expertise in their field. With a diverse Team of Chartered Accountants, Company Secretaries, Lawyers, and various other consultants on board, we offer end to end financial and legal service under one roof saving time and energy and bring synergy effect between various functions.

TRUST & RELIABILITY

Having over 20+ years experience in the leadership team ensure we maintain highest ethical standards and never go out of trust with you. We always believe in long term relationship with our clients hence integrity is something we value the most. We ensure transparency in communication, service and cost. Our specialized experts helps in maintaining high quality.

Don't believe us? See our Google ratings!

SAM GETSUGA
SAM GETSUGA
2020-09-06
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AVS and associates is extremely professional. They take care of all The things abiding by law and integrity whether it’s a tax management or company registration. They have registered a company and took care of the taxes without me breaking a sweat, they took care of everything proactively. I’m extremely satisfied and would recommend to anyone and everyone.
Kavita Sharma
Kavita Sharma
2020-09-02
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AVS and associates is a very professional team. They handle all things abiding by law and takes out your burden of tax management , assets and all very very precisely up to the point. It’s great working with the team.
Laxmi Kant Thakur
Laxmi Kant Thakur
2020-08-28
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Chrishans Media
Chrishans Media
2020-03-03
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Hitesh Gurditta
Hitesh Gurditta
2020-03-01
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Anish kumar
Anish kumar
2020-02-29
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chiranjibi shah
chiranjibi shah
2020-02-29
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A wonderful experience with the team for the easy way out solutions of taxation and related matters...Thanks
Sanjay Thakur
Sanjay Thakur
2020-02-29
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Best place to work....Thanks Binay Sir...
Sarbendra Yadav
Sarbendra Yadav
2020-02-28
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RAVIRANJAN KUMAR
RAVIRANJAN KUMAR
2020-02-28
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DR V K Arora
DR V K Arora
2020-09-06
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AVS & Associates is a reliable CA firm of Delhi NCR. My company Management Associates Private Limited is taking their services from last ten years. Shri. V K Agrawal of AVS & Associates is knowledgeable, friendly and honest person.
Andrew Samta
Andrew Samta
2020-09-02
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had a nice experience with AVS. was in a urgent need of some income tax related docs and these guys helped out in really quick time. thanks, and would recommend anyone planning to avail their services....
chiranjibi shah
chiranjibi shah
2020-02-29
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A wonderful experience with the team for the easy way out solutions of taxation and related matters...Thanks
Amitabh Kulshreshtha
Amitabh Kulshreshtha
2020-09-02
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I appreciate the fastest way of services by AVS. Till now we got registered around 6 group companies,(Limited, Private Limited and LLP). Their Teams approach to deal with us was something I liked most. Special mention to Mr. Rahul and Ms. Neha. Guys, frankly speaking initially i was in doubt whether to trust these people or not? but once spoke and saw the way they handled my companies formation work, they ended up forming our all group companies and now handling the regular Accounting, Taxation, GST etc... If you are searching for a CA for all your needs, i suggest you may pick these guys and can assign one task before you make any opinions. BTW, we are availing their services since last 3 years. Thanks!
Kavita Sharma
Kavita Sharma
2020-09-02
Verified review
AVS and associates is a very professional team. They handle all things abiding by law and takes out your burden of tax management , assets and all very very precisely up to the point. It’s great working with the team.
Saurabh Verma
Saurabh Verma
2020-02-29
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I used their services for capital gain calculation and on many other factors to sell my flat in Noida while I'm here in Australia. Mr Vishnu is the man you need. Very professional, prompt replies and went an extra mile to do the job. Highly recommended.
Raj Malhotra
Raj Malhotra
2020-02-29
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Some highly talented group of indivisuals who do really care for customer satisfaction
Thefairyforce
Thefairyforce
2020-02-29
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I'm very satisfied with the service here. They have a very good behavior towards us and they listen to our problems closely and give the best solution. If you're starting up or running a business already I would recommend you to come here they are awesome!
Arpit Mathur
Arpit Mathur
2020-02-29
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There is environment and relation of every employee is very good. Management and discipline is very tough.
Singh Robin
Singh Robin
2020-02-29
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Highly Professional team. Really appreciate the way team coordinated & made everything easy for me. Thank you & wish you all the very best. Cheers.
ezam zaidi
ezam zaidi
2020-02-29
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Have been very cooperative. Proactive with every step. The team was patient and they made sure the entire process flow was smooth.
Manish Sharma
Manish Sharma
2020-02-29
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I got my company registered with avs. I am happy with their services and it was done quickly and in cost effective manner. Recommend anyone want to avail their services.
Pranav Tripathi
Pranav Tripathi
2020-02-29
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Vishnu ji has been with our company for the past 10 years with many different companies . Soft spoken, humble and a thorough professional.
Kishore Kundan
Kishore Kundan
2020-02-29
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Very fast service with cost effective..Agarwal sir behavior is very supportive.. I will suggest all to take services from AVS..
Sushil Kumar Raj
Sushil Kumar Raj
2020-02-29
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I would say they are the best for new company and start ups, the way they deal with person who do not have any idea about setting up of new company is remarkable....