Legal Question in Business Law in India
can a firm be a proprietor of another firm
eg. m/s abc prop. m/s xyz
if answer is 'no' then is there a way to prove this fact
Asked on 5/26/15, 11:56 pm
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
27.05.2015
Dear Sir ./ Madam,
No, a sole proprietary concern cannot be a sole proprietor of another sole proprietary concern. Only an individual person can be a proprietor of a sole proprietary concern.
Regards,
Answered on 5/27/15, 3:43 am
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