As the name itself suggests it is a company that is owned by one single person. One Person Company (OPC) is a type of Company under the Companies Act, 2013. OPC is a company that has only one person as its member and another person as to its nominee. It means that company formed with only one (single) person as a member, unlike the traditional manner of having at least two members. Furthermore, members of a company are nothing but subscribers to its memorandum of association, or its shareholders. So, an OPC is effectively a company that has only one shareholder as its member. There can be more than 1 director, but not more than 1 shareholder. It is registered as per the compliance and regulatory guidelines of the Ministry of Corporate Affairs (MCA).