LLPs governed by companies act Limited Liability Partnerships (LLPs) are a popular business structure that combines features of both partnerships and corporations, offering the benefits of limited liability and operational flexibility. In India, LLPs are primarily governed by the Limited Liability Partnership Act, 2008, but they are also subject to certain provisions of the… Read More »
Are LLP regulated Are LLP regulated: The regulation of LLPs (Limited Liability Partnerships) can vary depending on the jurisdiction in which they operate. Different countries and regions have their own laws and regulations governing the establishment, operation, and compliance requirements for LLPs. In many jurisdictions, LLPs are subject to specific regulations and requirements. These regulations… Read More »
Statutory company Statutory company: OPC (One Person Company) is not a statutory company. OPC refers to a type of business structure or legal entity recognized in certain jurisdictions, including India. It is a form of company where a single individual can establish a separate legal entity and enjoy limited liability protection similar to a… Read More »
Can an OPC Have Shareholders When considering business structures in India, many entrepreneurs find themselves drawn to the One Person Company (OPC) model. Designed for single entrepreneurs seeking limited liability protection, OPCs offer a unique blend of simplicity and legal recognition. However, a common question arises: Can an OPC have shareholders? Understanding OPC Structure An… Read More »
OPC use Pvt. Ltd. OPC use Pvt. Ltd, No, an OPC (One Person Company) cannot use the term “Private Limited” or “Pvt Ltd” in its name. The Companies Act, which governs the formation and operation of companies in many jurisdictions, including India, specifically restricts OPCs from using the term “Private Limited” in their name.… Read More »
Verifying GST Registration of a Company Verifying GST registration of a company, Statutory audit and tax audit are two distinct types of audits conducted for different purposes. Statutory audit: A statutory audit is perform to ensure that a company’s financial statements provide an accurate and fair view of its financial position and performance. It is… Read More »
