Please write me when Private ltd formation is compulsory?
I am doing business with sole proprietorship.
Ruchi Agrawal (law) (129 Points)
30 March 2011Please write me when Private ltd formation is compulsory?
I am doing business with sole proprietorship.
Sudhir Garg
(Service)
(236 Points)
Replied 31 March 2011
Ms Ruchi
Being you are running the business as sole proprietorship, you need not to worry about Company Law provisions. It is for association of persons or firms working for gain, consisting more than 20 persons, to go for registration under Company Law.
Regards- Sudhir
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