A person is going to enter an agency agreement with a company. The agency agreement is to be made in a firm name , not in his personal name (for e.g. Siddhivinayak Services). Is it cumpolsury for him to get the shop act in the firm's name or not?
ejaz naiyer (C.A. FINAL) (293 Points)
05 March 2010A person is going to enter an agency agreement with a company. The agency agreement is to be made in a firm name , not in his personal name (for e.g. Siddhivinayak Services). Is it cumpolsury for him to get the shop act in the firm's name or not?
CA Pranjal Joshi
(CA)
(331 Points)
Replied 08 March 2010
Hi,
If it is proprietory concern then the shop act must be in the name of "Siddhivinayak Services" Proprietor Mr. A. B. C. etc.
In case of partnership firm it shall be merely in the name of "Siddhivinayak Services"
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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