One Person Company Registration in Rajasthan

The One-Person Company (OPC) structure, introduced in India under the Companies Act, 2013, offers aspiring entrepreneurs an efficient and streamlined path to establish their ventures as independent legal entities. This unique framework provides solopreneurs with the benefit of limited liability protection for personal assets, enabling them to focus on operational and growth strategies without undue financial risk.

Get to know more about One Person Company (OPC) registration in Rajasthan,Checklist, Eligibility, Documents, Process, One person company registration fees, time required for registration, post registration process and FAQ’s.

One Person Company Registration in Rajasthan

OPC registration in Rajasthan is the process of registering a company with only one member or owner in the state of Rajasthan. The OPC registration in Rajasthan is governed by the Companies Act of 2013, as well as rules published by the Ministry of Corporate Affairs (MCA). The owner must first acquire all the required documents before registering an OPC in Rajasthan. Additionally, a distinctive name for the business and apply for RUN approval. Our team provides clear inputs and full support for OPC registration in Rajasthan.

Advantages of OPC Registration in Rajasthan

OPC benefits are numerous and can significantly support the founder's growth and success. Some of these advantages include:

Minimal Capital Requirement

There is no minimum capital requirement for OPC registration in Rajasthan, which means entrepreneurs can start their business with as little capital as they deem fit.

Single Ownership

OPC is owned by a single person, which means there is no need for a board of directors or shareholders. This makes decision-making easier and more streamlined.

Tax Benefits

OPCs in Rajasthan are eligible for various tax benefits and exemptions, such as lower tax rates, deductions, and exemptions on capital gains tax.

Easy Conversion

OPCs can be easily converted into a Private Limited Company (PLC) after two years of incorporation or if the annual turnover exceeds ₹2 crores, providing flexibility and scalability for the business.

Checklist for Registering OPC in Rajasthan

• Minimum and Maximum of one member
• Appoint a nominee before incorporation
• Nominee consent in Form INC-3
• OPC name selected as per the provisions of the Companies (Incorporation Rules) 2014
• Minimum authorised capital of ₹1 lakh
• DSC of the proposed director
• Proof of registered office of the OPC.

Eligibility for OPC Registration in Rajasthan

OPC Eligibility criteria for one person company registration are detailed below:

• The owner must be a resident of India
• The OPC may only have one owner at any given time
• A minor cannot be the owner
• The PAN (Permanent Account Number) card of the owner must be current
• The owner must have a valid Aadhaar card
• The owner must have a valid mobile number and email address
• The proposed company's objective must be lawful and achievable
• The proposed company's authorised capital must not exceed ₹50 lakhs
• The proposed business must have a distinct name that is neither the same as or confusingly similar to one already used by another business
• The owner is required to designate a nominee who will run the company in the event of the owner's disability or demise.

Documents Necessary for OPC Registration in Rajasthan

The following OPC documents are crucial for OPC registration in Rajasthan

• A copy of the owner's PAN card
• A passport-sized image of the owner
• Aadhaar card or voter identification card copy
• Rental agreement
• Water/Electricity Bill (business location)
• If you own property, a copy of the documents
• NOC from the landlord
• Important company documents like, DSC, DIN, MOA and AOA.

Process for OPC Registration in Rajasthan

Vakilsearch has simplified the whole OPC process for easy registration in 4 easy steps

Step 1: Connect With Our Expert

Speak to a specialist from our team to learn more about the qualifying requirements, the OPC registration procedure, and compliance issues.

Step 2: Reserve an Unique OPC Company Name

The specialist will help you complete the relevant paperwork, including the MOA, AOA, and other pertinent forms, as well as the required disclosures.

Step 3: Provide all the Documents

The specialist will help you complete the relevant paperwork, including the MOA, AOA, and other pertinent forms, as well as the required disclosures.

Step 4: Form Filing

Once the documents are ready, our team will assist you in submitting the required paperwork via the online portal to the MCA. The professional will also guarantee that all the information is true and comprehensive.

Step 5: Certificate of Incorporation

The MCA will provide a certificate of incorporation after reviewing the application, and the OPC will then be formally registered. Additionally, the professional will help you get the PAN and TAN numbers for your OPC.

One Person Company Registration Fees In Rajasthan

The fees for OPC (One Person Company) registration in India vary based on the authorised capital of the company. There are the government fees associated with one person company registration and it varies from state to state. Please note that there may have been changes in the OPC fees since then, so it's advisable to consult a professional from Vakilsearch for up-to-date information.

Time Required for Registration of OPC In Rajasthan

The time required for the registration of an OPC (One Person Company) in Rajasthan , India Varies based on multiple factors. If provided all the documentation is in order and the process follows a smooth course without any legal or procedural complications. The timeline involves obtaining Digital Signature Certificates (DSCs), Director Identification Numbers (DINs), name reservation, document preparation, filing, and final approval from the Registrar of Companies (RoC). However, the exact duration can vary based on the workload of government authorities, the accuracy of submissions, and any specific state regulations or additional requirements.

Post-registration Compliances for OPC’s In Rajasthan

• Conduct at least one Board Meeting in each half of the calendar year, with a minimum gap of 90 days between the two meetings
• Maintain accurate and proper accounting records
• Subject Financial Statements to statutory audit
• File business income tax returns annually by September 30
• Submit Financial Statements via Form AOC-4 and ROC Annual Return using Form MGT-7.

Why Choose Vakilsearch for Opening an OPC in Rajasthan?

OPC registration in Rajasthan offers several benefits to entrepreneurs looking to start and operate a business with limited liability and a separate legal entity. By taking advantage of the minimal capital requirements, tax benefits, and easy conversion options, entrepreneurs can create successful and sustainable businesses in Rajasthan. At Vakilsearch, we understand the importance of a strong legal foundation for your business. Trust us for expert OPC registration services, and start your business journey with the confidence and security you need.