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Can a Pvt Ltd Company open a proprietorship firm

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(Querist)
10 September 2008 Can a XYZ Pvt Ltd can open a proprietorship firm XYZ. XYZ wants to operate as farm house and earn income. However the farm land is in the name of XYZ Pvt Ltd.

Can the farm income be deposited in the newly opened bank account in the name of XYZ.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
10 September 2008 Any business run by a company will be the business of that company.

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