OPC Registration in Jaipur

An OPC is a corporate entity owned and managed by one individual. It blends the simplicity of a sole proprietorship with the legal protection of a company. The sole founder has limited liability, meaning the owner’s personal assets remain safe even if the business faces financial trouble.

Section 2(62) of the Companies Act, 2013, allowed only an Indian citizen and resident to form an OPC. However, in 2021, the Indian government simplified the rules, enabling NRIs to form OPCs. It also removed the mandatory conversion rules when turnover or capital crossed thresholds.

The popularity of OPCs has grown steadily in India. As of 2024, India had about 34,446 OPCs registered. Around 7,600 were formed in the past year alone. That marks a steady rise, nearly a 20% increase since 2014.

Jaipur has emerged as one of the fastest-growing hubs for MSMEs, startups, and solo entrepreneurs. Favorable government initiatives, access to Rajasthan’s growing markets, and easy digital processes have made registering an OPC a smart growth strategy.

• Unique Business Opportunities in Jaipur

Jaipur is home to both traditional industries and modern tech ventures. Handicrafts, gems, jewelry, and textiles already make Jaipur famous worldwide. At the same time, the city is home to over 200 active startups, with strengths in IT, ed-tech, and renewable energy.

Entrepreneurs setting up OPCs here can tap into both export-driven trades and new-age sectors. For example, CarDekho, a Jaipur-founded startup, grew from a small team into a unicorn valued at over Rs. 10,585 crore.

• Specific Compliance Considerations in Jaipur

One Person Companies (OPCs) in Jaipur follow the same legal framework as outlined in the Companies Act, 2013. The process is centralized through the Registrar of Companies (ROC) for Rajasthan, located in Jaipur.

• Founders must file key forms with the Ministry of Corporate Affairs (MCA), such as:
  • SPICe+ Form for incorporation.
  • INC-22 for the office address.
  • MGT-7A for annual returns.
• Rajasthan’s Single Window System (SWCS) speeds up state-level approvals and simplifies compliance.

We can guide you on any specific regional considerations that might be relevant for your OPC in Jaipur.

• Connect with Local Business Networks

Solo entrepreneurs in Jaipur can gain an edge by tapping into the city’s thriving startup and trade ecosystem. The Rajasthan Angel Innovators Network (RAIN) funds early-stage ventures, and Startup Oasis supports incubation.

Jaipur also hosts events like Rajasthan Digifest and Startup Weekend Jaipur, which connect founders to mentors and investors. Such networks make it easier for OPC owners to find capital, partnerships, and visibility.

Registering an OPC through RegisterKaro can be your first step in becoming a part of the vibrant business community in Jaipur. We can offer insights on local business resources if needed.

Registering a One Person Company (OPC) in Jaipur offers various advantages. Some prominent benefits include:

• Secure Legal Identity: OPC operates as a separate legal entity. Founders enjoy protection limited to their invested capital. Their personal assets remain safe from business risks.
• Enhanced Credibility with Banks and Investors: OPC registration provides improved credibility with banks, vendors, and investors compared to unregistered businesses. This formal status increases access to loans and partnerships.
• Simplified Decision-Making: The single-owner structure of an OPC ensures fast decision-making. The founder acts as both shareholder and director, reducing bureaucratic delays.
• Access to State Startup Programs: Rajasthan’s flagship program, iStart, has supported over 3,900 startups, generated more than 29,000 jobs, and facilitated funding of more than Rs. 670 crore. OPCs in Jaipur can benefit directly from these resources.
• Affordable Business Environment: Operational costs in Jaipur remain lower than those of metro cities like Delhi and Mumbai. Incubation centers and co-working spaces also provide infrastructure at reduced rates.
• Business Continuity: A nominee is required in this business structure. This ensures uninterrupted business operations, even in the absence of the primary member.
• Tax Benefits: OPCs registered in Jaipur can access Startup India tax exemptions, MSME benefits, and Rajasthan-specific subsidies, like the Rajasthan Investment Promotion Scheme (RIPS), designed to support entrepreneurs.
• Gateway to Export Markets: Jaipur is a major exporter of gems, jewelry, handicrafts, and textiles. An OPC can directly register as an Export House and access DGFT incentives for international trade.
• Cultural and Tourism-Driven Opportunities: Jaipur is a UNESCO World Heritage City and a top tourist destination. Thus, OPCs can tap into tourism, hospitality, and cultural businesses, which see steady demand.

Registering an OPC in Jaipur requires meeting certain legal conditions under the Companies Act, 2013. These rules ensure that only eligible individuals and businesses can form an OPC while maintaining compliance with national and state laws. Some key requirements include:

• Single Member: An OPC can be formed by only one individual acting as both shareholder and director.
• Nominee Appointment: A nominee must be named at incorporation to take over if the member cannot continue.
• One OPC Rule: An individual can register only one OPC and cannot be a nominee in more than one company.
• No Minimum Capital: There is no mandatory minimum paid-up capital requirement for forming an OPC.
• Restricted Activities: OPCs cannot operate as NBFCs, invest in securities, or function as a Section 8 (non-profit) company.
• Registered Office: The OPC must have a valid registered office address in Jaipur or Rajasthan. This is required for official communication with the Registrar of Companies (ROC).
• Natural Person Only: Only a natural person can form an OPC. Other legal entities, such as companies, LLPs, or societies, cannot incorporate an OPC.
• Age Requirement: The sole member must be at least 18 years old. Minors are not allowed to form or be nominees in an OPC.
• Business Purpose: The object clause of the OPC must clearly mention lawful business activities. Certain activities like chit funds, investment in securities, and Nidhi companies are prohibited.

Registering an OPC in Jaipur involves a clear step-by-step procedure under the Companies Act, 2013. Each step ensures compliance with the MCA and the ROC, Rajasthan.

Step 1: Obtain DSC and DIN

• Apply for a Digital Signature Certificate (DSC) for the sole director. A DSC is a secure digital key used to sign online forms and verify the director’s identity
• Register for a Director Identification Number (DIN) using the MCA portal. A DIN is a unique number issued by MCA that identifies the director of the company.

Step 2: Get Name Approval for Your OPC

• Submit a name application through the RUN (Reserve Unique Name) service on the MCA portal.
• Ensure the name is unique and includes “(OPC) Private Limited.”

You can use our free company name search tool to check availability and secure a suitable company name before applying.

Step 3: Draft MOA and AOA

• Prepare the Memorandum of Association (MOA) to define the company’s objectives. An MOA is a legal document that defines the company’s objectives and scope of activities.
• Draft the Articles of Association (AOA) to specify internal rules and governance. An AOA is a set of rules that governs the company’s internal management and decision-making.
• Include nominee consent (Form INC-3) along with identity and address proof.

Step 4: File for Incorporation

• File the incorporation application using the SPICe+ (INC-32) form on the MCA portal.
• Attach necessary documents such as proof of address, PAN, and Aadhaar of the director.
• Submit supporting documents like the MOA, AOA, and nominee consent.

Step 5: Receive the COI

• Receive the Certificate of Incorporation (CoI) from the ROC, Jaipur, after document verification.
• The CoI includes the Corporate Identity Number (CIN) of the OPC.

Step 6: Apply for PAN and TAN

• Apply for a company’s PAN and TAN automatically through the SPICe+ form.
• These are issued together with the COI.

Step 7: Open Bank Account

• Use the incorporation certificate, PAN, and TAN to open a current account with a Jaipur-based bank.
• Activate the account to start financial transactions for the OPC.

Registering an OPC in Jaipur requires submitting valid identity, address, and office-related documents. Proper documentation helps avoid delays during the approval process.

For Director/Shareholder

• PAN card.
• Aadhaar card for identity verification.
• Passport-size photograph (recent).
• Proof of residence- utility bill, bank statement, or Aadhaar-linked address (not older than 2 months).
• Passport (mandatory if the director is a foreign national).

For the Registered Office

• Electricity bill, water bill, or property tax receipt of the Jaipur office premises (not older than 2 months).
• Rent agreement, if the office space is rented.
• No Objection Certificate (NOC) from the property owner.
• Ownership documents, if the property is self-owned.

The cost of registering an OPC in Jaipur depends on factors like authorized capital, government fees, and professional service charges. Below is a clear breakdown of the typical costs involved in OPC registration in Jaipur.