No, an individual is not permitted to form more than one one-person company (OPC) under the regulations governing OPCs. The idea of an OPC is to allow single people to incorporate a distinct legal company with limited liabilities. The goal is to provide entrepreneurs the opportunity to start and run their own enterprises on their own. By limiting the creation to a single OPC, the structure stays loyal to its aim of assisting individual entrepreneurs while protecting the integrity and individuality of each OPC.