OPC VS LLP OPC VS LLP: One Person Company and LLP (Limited Liability Partnership) are two different types of business entities. Here’s a comparison between OPC and LLP: 1.Ownership: In an OPC, there is a single owner who holds all the shares of the company. The owner has full control and ownership of the company.… Read More »
Can a private limited company be a proprietor of a firm No, a private limited company cannot be a proprietor of a firm. In legal terms, a proprietor refers to an individual who owns and operates a business as a sole proprietorship. A sole proprietorship is a business structure where the owner has complete control… Read More »
Private limited company formation Private limited company formation,A company becomes a private limited company upon fulfilling certain legal requirements and obtaining the necessary approvals from the regulatory authorities. The key steps for a company to become a private limited company are as follows: Incorporation: The company must go through the process of incorporation, which… Read More »
Can an OPC have two directors No, an OPC (One Person Company) can have only one director. As per the provisions of the Companies Act, 2013 in India, an OPC can have only one director who is also the sole shareholder of the company. The concept of an OPC is designed to enable single-person entrepreneurship,… Read More »
OPC have Subsidiary Company Yes, an One Person Company (OPC) have subsidiary company. The concept of a subsidiary company involves a parent company owning a majority stake or controlling interest in another company. While an OPC is formed with a single individual as its member, there is no restriction on the OPC owning or… Read More »
Proprietorship and Private Limited Proprietorship and Private Limited are two distinct business structures in India, exhibiting several dissimilarities. Here are some of the significant contrasts: Ownership: A proprietorship is solely owned and controlled by an individual, whereas a Private Limited Company is owned by shareholders, with the company’s management entrusted to the Board of… Read More »