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What is the minimum capital for LLP?
LLPs have no minimum capital requirement, unlike private limited companies.
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Can LLP have one owner?
An LLP needs at least 2 partners. If it operates with less than 2 for 6+ months, the sole partner is personally liable for its obligations during that time.
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Can OPC have 2 directors?
An OPC can have one member, who is the initial director per Section 152(1), until others are appointed. It can have 1 to 15 directors.
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Who are not allowed at OPC?
OPCs can't operate as banks, NBFCs, quasi-banks, trusts, insurance, public/publicly listed companies, GOCCs, or for professional practices unless allowed by law.
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