Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
OPC vs Limited Liability Partnership as a company is defined as per Companies act 2013[1] under Section 2(62) (OPC) which has only one person as a member. This article describes the One Person Company OPC vs Limited Liability Partnership
OPC has to be registered as a private company, thus all the provisions of a private company are applicable to OPC unless otherwise expressly excluded thereunder.
OPC can be converted into Public or Private Company and vice versa if it fulfills certain criteria.
The word ‘One person Company’ must be mentioned along with the name of the company.
A person who is resident of India i.e. the stayed in India during the immediately previous fiscal year must be for 182 days. However, the person who has formed OPC cannot be a member or nominee of other OPC.
The Limited Liability Partnership can be said to be the upgraded version of the Partnership. The Limited Liability Partnership Act 2008 was published in the official Gazette of India on 7 January 2009 and has been notified with effect from 31 March 2009
A limited liability partnership (LLP) can be defined as the partnership in which some or all partners are having limited liabilities and they carry on the business for a common objective.
LLP is mainly suitable for all those who are engaged in providing consultancy service. Partnerships (LLP), along with private and public limited corporations.
Each limited liability partnership (LLP) shall have a registered office where all communication or circular must be sent by the authorities.
Reservation of name shall be filed. Partners shall have to select the name of the proposed LLP (up
Filing documents necessary for incorporation
Provide the Detailed information about designated partners
Changes to limited liability partnership agreements, if any
Form 2
Form 2A
Form 3
Note: Stamp Duty need to be paid where necessary as per stamp Act.
Penalty: For non-Compliance, the penalty charged to LLP is 100 Rs. Per day.
On June 08, 2023, the Reserve Bank of India issued guidelines on default loss guarantee on thei...
The gaming industry in India has made a remarkable transformation in iGaming in the year 2023;...
A company needs cost-effective financial management for overall survival and growth. This invol...
Automotive industry audit checklist as the process audits is made simpler and generates better...
An Automotive Dealerships Audit Checklist helps in an examination and review of aspects related...
Are you human?: 3 + 6 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
The process of company incorporation in Malaysia is governed by the Registrar of business, which is called as the S...
12 Jan, 2021
While pondering on Company Formation in the US, one of the common dilemmas one faces is whether to opt for LLC or C...
13 Sep, 2022