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Is a company allowed to be owner of a proprietorship firm ?

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(Querist)
04 June 2011 Is a company allowed to be owner of a proprietorship firm ?
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CS Bijoy

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CS Bijoy (Expert)
04 June 2011 According to me a Company is a legal person ,so it can do anything what a natural person can do.
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CA Sumat Singhal

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CA Sumat Singhal (Expert)
06 June 2011 Yes it can be owner... No restriction in this regard..
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CA Shammi Prabhakar

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CA Shammi Prabhakar (Querist)
08 June 2011 Can we give any proper reason or reference of any section, to justify our answer... ??

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