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Querist : Anonymous

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Querist : Anonymous (Querist)
27 June 2014 can private limited company can become propritor? pls reply with example
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
27 June 2014 No a private limited company can not become proprietor.
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Querist : Anonymous

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Querist : Anonymous (Querist)
28 June 2014 can you explain me why it is not possible?
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CS Bharat Dama

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CS Bharat Dama (Expert)
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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