A One Person Company (OPC) is a company incorporated by a single individual, offering limited liability protection and separate legal status like a Private Limited Company.

Any individual who is a resident of India and is not a minor can form an OPC. However, a person cannot incorporate more than one OPC.

OPCs offer limited liability, separate legal identity, and easier compliance compared to other types of companies. It also allows sole ownership with full control over the business.

There is no minimum paid-up capital required for starting an OPC, but you can choose a capital amount suitable for your business needs.