One person company 

One person company (OPC) is a private company which has only one natural person as a member.

The word one person company should be mentioned below the name of the company where the company name is affixed used or engraved.

Important features of OPC

• It has only one member.
• It has at least one director and the maximum number of directors can be 15.
• It is registered as a private company.

And one person company can be formed under any of the following categories

1. Company limited by guarantee.
2. Company limited by shares.
3. An unlimited company.

● Only a natural person which is an Indian citizen and resident in India can incorporate one person company for stop same rule applied to the nominee of the sole member.

● A person can incorporate only 1 OPC.

● The share capital should not exceed 50 lakh and the average turnover should not exceed two crores.

● It is not require to prepare a statement of cash flow in OPC.

● It is not required to rotate auditors. 

(Provisions are according to indian laws )