Private Limited Company and proprietorship firm
Kapil Karia
(Querist) 29 December 2009
This query is : Resolved
Can a Private Limited company have proprietorship firm, as one of its division or concern, one of its director being the proprietor? How would be the liabilities of propritorship firm dealt?
A V Vishal
(Expert) 29 December 2009
No a Pvt Ltd Co cannot have a proprietorship as one of its division or concern under it.