The human race is on the brink of a revolution. The advent of technology and various advancements in the field of business has motivated aspiring business enthusiasts and entrepreneurs to put their ideas on paper in the corporate sector. The Companies Act, 2013 had several amendments in order to keep up to date with modern advancements. However, one pivotal addition was the concept of the One Person Company. The authors in the present article have given a brief introduction to the understanding of this crucial concept in relevance with the Companies Act, 2013. Furthermore, an in-depth analysis of One Person Company has been explained in detail, mentioning its essential concepts. The seed of One Person Company was sown in Britain in the landmark Company law case of Salomon v. Salomon & Co Ltd. The Authors in the present paper have discussed the landmark case in brief along with the emergence of One Person Company in India via Dr. JJ Irani led Commission. The recommendations of the Commission were pivotal in the introduction of the concept of One Person Company in the Companies Act, 2013 amendment. Concluding the present research paper, the authors have described its advantages and disadvantages alongside a brief comparison with sole proprietorship and the advantage a One Person Company holds.
