Legal Question in Business Law in India
busuness law
can a company be a proprietor in any firm?
Asked on 10/05/07, 10:52 am
4 Answers from Attorneys
Homi Maratha
N.N. Maratha & Co.-Advocates
Re: busuness law
Yes
Answered on 10/05/07, 2:57 pm
Re: busuness law
NO.A company cannot be a proprietor in any firm. It has the rights to act as a partner being a juristic person but that does not give the right to own a proprietorship firm. One reason being if this is allowed a company, limited in its objects and activities by its MOA will form numerous proprietorship firms and carry on activities which otherwise may not be permitted.
Answered on 11/19/07, 7:32 am
Amit Shukla
AS and Associates Legal Services
Re: busuness law
Yes.Being a legal person company can be a proprietor of any a firm.But some reservations are there.For more details,contact personally.
Answered on 10/05/07, 10:57 am
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