Imran (A/R) (27 Points)
28 April 2011
A small proprietary company wants to get listed publicaly. I have few queries
1. Shareholders are on board and have loans and finance of some sort with the company
2. Shareholders are supplies for the company
What concers need to addressed and complications company has to face
Thanks...
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 28 April 2011
both are diff identity
proprietorship company is a single man establishment
company can not be established or run by single person ( for details visit www.mca.gov.in)
form any identity of your choice, and run business
Imran
(A/R)
(27 Points)
Replied 28 April 2011
I got ur point but my concern is are there any consequences that i have to face while going public as my shareholds have loans from the company and they are my suppliers
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 28 April 2011
your query is not clear,
a proprietorship firm can not go in public, neither he can have shareholders
you have to get your company registered 1st then think of these issues
Imran
(A/R)
(27 Points)
Replied 28 April 2011
Thanks for u r reply
Wat would be the case if i get listed and have loans
Wats needs to be addressed then??
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