LLP are to be registered with LLP are to be registered with: LLPs (Limited Liability Partnerships) typically need to be registered with the appropriate government agency or registrar in the jurisdiction where they operate. The specific registration requirements and procedures can vary depending on the country or region in question. Here are a few… Read More »
When LLP is required A Limited Liability Partnership (LLP) may be required in various situations depending on the jurisdiction and specific regulations. Here are some common scenarios where an LLP may be required: 1.Professional Services: In many jurisdictions, certain professional services such as legal, accounting, architectural, and consulting services are required to be… Read More »
Debentures No, an OPC (One Person Company) not permitted to issue debentures. According to the provisions of the Companies Act, 2013 in India, an OPC restricted from issuing any kind of securities including it. The concept of an OPC is design to facilitate single-person entrepreneurship and to provide limited liability protection to the sole… Read More »
Can OPC be converted into LLP No, an OPC (One Person Company) cannot be directly converted into an LLP (Limited Liability Partnership). The conversion of a company into an LLP is allow under the provisions of the Companies Act, 2013 in India. However, OPCs are not eligible for such conversion. OPCs are distinct legal entities… Read More »
Income Tax Act 1961 Income Tax Act 1961, Section 195 of the Income Tax Act, 1961 addresses the matter of Tax Deduction at Source (TDS) on payments made to non-residents. This provision is applicable to individuals, companies, and firms who are responsible for making payments to non-residents. According to this section, if any payment… Read More »