Now, in India, an individual can establish and run a company, called “One Person Company (OPC)” which has been introduced with the enactment of the Companies (Incorporation) Rules, 2014 under the Companies Act, 2013. As a unique inclusion of new vista of business opportunity in new companies act for enjoying the advantages of separate legal entity and limited liability, it draws a good understanding the nuances of setting up, management and administration of OPC. OPC is a hybrid of sole proprietorship business and corporate business and is imperative as it would give the entrepreneurial capabilities of people an expeditious participation in economic activities in the form of companies. In spite of huge benefits available to OPC, it also suffers from some drawbacks. On selection an appropriate form of business entrepreneurship to be promoted in near future, the start-up entrepreneurs should make a comparative study about the different forms of entrepreneurships including the new business idea OPC. OPC being in the evolving stage, there would always be scope for further improvement. Keeping in mind these points of views both theoretical and practical knowledge, the present article is an attempt to discuss a few aspects of OPC in nut shell and designed with some core contents in the form of introduction, meaning and definition, salient features, benefits, drawbacks, a comparative study, basic steps for incorporation, development and ended with some concluding remarks. [Key Words: vista of business opportunity, entrepreneurial capabilities, expeditious participation, start-up entrepreneurs].