TMI BlogProprietorship firm - a shareholderX X X X Extracts X X X X X X X X Extracts X X X X ..... Whether Proprietorship firm ,represented by an individual as proprietor ,can be shareholder of a pvt limited company in India?is there any restriction of becoming a shareholder as capacity as propriet ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orship firm in stead of individal himself for whom no restriction as any individual can be shareholder - Reply By Surender Gupta - The Reply = I think proprietorship firm is nothing but a name given ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the individual to his activities undertaking in relation to business. Therefore, proprietorship firm has no independent identity. On the other side, since individuals are allowed to do business ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tivities in the name of firm called as proprietorship firm, I think an individual would be allowed to be a member / shareholder of the company in the name of his proprietor ship concern. However, deta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iled provisions of companies are to be scrutinized in this regard. - Reply By Rama Krishana - The Reply = Yes, there is no bar in the statutory provision of companies act that an individual in the nam ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e name of proprietor ship firm can not become a member. Therefore, you may buy shares in the name of proprietorship firm. - Proprietorship firm - a shareholder - Query Started By: - DEBABRATA ROY D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ated:- 4-3-2009 Other Topics - Got 2 Replies - Indian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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