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Dec 30, 2017 · 4 min read. December 30, 2017 By Urban Company. There are three types of limited liability companies (or LLC) in India, One Person Company (OPC), a private limited company and a public limited company. The word LLC is usually not used in India as it is more of an American term.
What are LLCs? According to the Indian Corporations Act, a company is defined as a legal entity. There are several types of companies. A limited liability corporation (LLC) is a type of business that has less formal legal requirements than a limited liability partnership and a sole proprietorship.
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In India, there are three types of limited company: a public limited company, a private limited company, and a one-person company. A company's liability may be limited by shares, in which case the liability of the company's members is limited to the amount of the shares held by them, or it may be limited by guarantee, in which case the ...
ii) On the basis of number of members: a) One person company b) Private companies c) Public companies. iii) On the basis of control: a) Holding companies b) Subsidiary companies c) Associate companies. iv) On the basis of liability: a) Limited (I) by Shares (II) by Guarantee (with or without share capital) b) Unlimited.
Limited Liability Company is another category of company registered under the Indian New Companies Act, 2013. There are numbers of companies are available in India including private limited and public limited ones but Limited Liability Company is a brand new one in the line. It's often called as a Limited Liability Corporation and its nature of ...
Dec 12, 2022 · There are two types of limited liability companies: Limited by Shares: In a limited by shares company, its owners are only liable for the value of their unpaid shares. E.g. during company dissolution, each shareholder is only liable for the value of their unpaid shares. Limited by Guarantee: In a limited by guarantee company, the owners are ...
Jun 15, 2019 · There are five main types of companies you can register in India: Sole proprietorship; One-person company; Partnership company; Limited liability company; Private limited company; Sole ...
