please advice, whether a PVT.Ltd., company can be changed to Propritor ship. if so, please provide the guide line.
thank you
Muralimohan Baabu.P (Director) (31 Points)
28 July 2009please advice, whether a PVT.Ltd., company can be changed to Propritor ship. if so, please provide the guide line.
thank you
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 02 August 2009
No, private limited company cannot be converted into a proprietorship concern. But the company can transfer its assets to a proprietorship concern.
Thanks
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