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Does Pvt Ltd Company is a Mandatory requirement to do Medical Software Business?

Rahul Sharma (Chartered Accountant) (43 Points)

15 October 2020  

Dear Members,
I have a query
One of our clients is in the business of providing Software services to Various Hospitals In India. 
His business is to purchase software from a foreign Company and to sell it in Various hospitals in India and to provide annual maintenance service for this software. 
Currently, he is doing this business as a Pvt ltd company. But now he wants to close the company and to open a proprietorship for the same business.
My Query is can he do the business of medical software as a proprietorship, or is it necessary to it do as a Pvt Ltd Company?

 2 Replies

mayur borhade (89 Points)
Replied 22 October 2020

Yes, he can do the same through proprietorship.

It is not mandatory to have Pvt. company unless and until his/her foreign business partner wants to deal only with Pvt. co
1 Like

Rahul Sharma (Chartered Accountant) (43 Points)
Replied 22 October 2020

Ok, Thanks a Lot.

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