One Person Company is a best option for those who runs a proprietorship firm and really like to get the identity and benefits of a company for their organization. Normally for a Private Limited Company, it requires minimum of 2 members (Directors) for incorporation, whereas OPC only requires an individual for the incorporation. One Person Company incorporates under the Companies Act, 2013. 

The main attraction of One Person Company is that it has only one shareholder, who owns 100% stake of the company. To maintain the character of perpetuity, the appointment of nominee is compulsory, who will take place of the owner in case of death or in his inability. One Person Company (OPC) resembles with a Private Limited Company.
