One Person Company is a unique concept to execute Business in India. It was introduced by the Companies Act, 2013 for the first time wherein only one person can open a company. One of the biggest advantage of an OPC is that, there can be only one member in an OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP)

OPC can be established only for small businesses as the maximum turnover it can operate with is INR 20 Crores and paid up capital only up to Rs. 2 Crore. Only an Indian Citizen can open a OPC. One person can act as a shareholder as well as director of the company hence it is more like an one person controlled organization. OPC have a characteristic of proprietorship firm wherein one person owns, controls and manage the organization.

Every One Person Company (OPC) must nominate a nominee Director in the MOA and AOA of the company – who will become the owner of the OPC in case the sole Director is disabled to execute OPC’s operations. In other words, OPC is single director dependent company. Therefore, it is important for the Entrepreneur to carefully consider the features of OPC prior to incorporation.