Can a pvt ltd company act as a proprietor
This query is : Resolved
Harsh Dugar
(Querist)
21 December 2018
HI
1. CAN A PVT LTD COMPANY ACT AS A PROPRIETOR?
2. IF NOT, THEN WHY NOT? IS THERE A SPECIFIC LIMITATION IN ANY PROVISION OF ANY ACT, FOR A COMPANY ACTING AS A PROPRIETOR?
3. IS THERE A LEGAL DEFINITION OF A PROPRIETOR IN INCOME TAX ACT,? IF SO, PLEASE ADVISE AS TO THE SECTION FOR THE SAME, OR WHAT IT SAYS.
MY CHAIN OF THOUGHT, A PVT LTD COMPANY IS AN ARTIFICIAL JURISDICAL PERSON, AND IS ABLE TO OWN AND HOLD PROPERTY IN ITS NAME, IS ABLE TO SUE AND BE SUED IN ITS NAME, THEN WHY NOT ACT AS A PROPRIETOR?
1. CAN A PVT LTD COMPANY ACT AS A PROPRIETOR?
2. IF NOT, THEN WHY NOT? IS THERE A SPECIFIC LIMITATION IN ANY PROVISION OF ANY ACT, FOR A COMPANY ACTING AS A PROPRIETOR?
3. IS THERE A LEGAL DEFINITION OF A PROPRIETOR IN INCOME TAX ACT,? IF SO, PLEASE ADVISE AS TO THE SECTION FOR THE SAME, OR WHAT IT SAYS.
MY CHAIN OF THOUGHT, A PVT LTD COMPANY IS AN ARTIFICIAL JURISDICAL PERSON, AND IS ABLE TO OWN AND HOLD PROPERTY IN ITS NAME, IS ABLE TO SUE AND BE SUED IN ITS NAME, THEN WHY NOT ACT AS A PROPRIETOR?
CA. Vivek Chiraniya
(Expert)
21 December 2018
Yes, a company can act as a proprietor.
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