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Can company become proprietor

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(Querist)
14 September 2011 Can anyone tell me that a private limited company become proprietor of any business?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
14 September 2011 A company can take over a running proprietorship business but in that case the company does not become the proprietor. Company has a separate legal entity but its ownership lies in the hand of Shareholders. Company can enter into a agreement, can own a business but can not be called a proprietor of a business.
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