One Person Company (OPC)
A company incorporated by a single person can be termed as a One-Person Company (OPC). With lesser compliance requirements as compared to a private company, an OPC can be formed with just one director and one member as a part of it where the Director and the member can be the same person as well. Therefore, an OPC can be formed by a resident or an NRI who wishes to enjoy the features of a company and the advantages of a sole proprietorship.