Hello, Pls let me know that Is KARTA on the bahalf of HUF is eligible to act as an :
1) Proprietor in Sole Proprietorship firm
2) Parner in partnership firm
Reply Soon.............
CA Manish Garg (CA ) (287 Points)
29 May 2012Hello, Pls let me know that Is KARTA on the bahalf of HUF is eligible to act as an :
1) Proprietor in Sole Proprietorship firm
2) Parner in partnership firm
Reply Soon.............
PRITAM JAIN, CA , CS
(Practising CA CS)
(398 Points)
Replied 29 May 2012
HUF itself can be a proprietor of a sole propretorship firm and Karta will bi the authorised person.
HUF can be a partner or even member of a company wherein the Karta will the authorised person
Regards