In 2013, the Companies Act, 2013 introduced the innovative 'One Person Company (OPC)' concept, offering a fresh avenue for aspiring entrepreneurs to establish businesses independently, creating their own singular economic entities. Essentially, an OPC is a refined version of a sole proprietorship.

Within an OPC, a solitary promoter wields full control over the company, curtailing liability for individual contributions to the venture. Though a director nominee is mandated, their authority remains dormant unless the primary director is incapacitated. According to Section 2(62) of the Companies Act 2013, a company can be formed with just one director and one member. OPC registration in India entails fewer compliance obligations compared to other company types, rendering it straightforward to manage as it operates under the helm of a lone individual. If you're an entrepreneur seeking a distinctive path to success, registering as an OPC in India offers a promising route."