One Person Company is a company that has only one person as its member. Being just one-member company, the OPC has lesser compliance requirement compared to Private Limited Company or Limited Liability Partnership.
source https://www.caclubindia.com/articles/annual-filing-of-one-person-company-opc-45867.asp
source https://www.caclubindia.com/articles/annual-filing-of-one-person-company-opc-45867.asp
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