can Private limited company be proprietor
This query is : Resolved
13 June 2009
Can a private limited company be a proprietor and can you please let me know how and tax implication.Appreciate if a detail procedure can be email at samirambavi@gmail.com
Manmohan ACA, CS
(Expert)
13 June 2009
You can not convert a private company to a proprietor business. you have to Sell all assets of company to proprietor and win up company in usual manner.
Ankur Garg
(Expert)
13 June 2009
A private limited company can not be a proprietorship.
Regards
Regards
Late CA Sampat Jain
(Expert)
13 June 2009
A company is artificial legal person. Like any other person it can be proprietor of any business unit. Say ABC p ltd is propritor of XYZ business unit.
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