Mr X has a licenced medical store which is in the nature of proprietorship in Kolkata. He wants the shop's business to be transferred in his son's name, Mr S.
Points need clarification:
- Is there any provision that the shop medical license be tranferred in his son's name?
- Should a new license be made and the business should be started afresh? If yes then how will the closing stock be treated?
- Are there any other solutions.
This is beenn done because the son has got married and need to be settled down.
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