Law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2014
can private limited company can become propritor? pls reply with example
27 June 2014
No a private limited company can not become proprietor.
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2014
can you explain me why it is not possible?
01 July 2014
Proprietor means a business is handle by a single person. In this a private company can convert itself in to a OPC, where business is handle by a single person. The concept of OPC is introduced by new act, you may go through it.
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