https://www.taxtmi.com/forum/issue?id=1047 A proprietorship firm lacks a separate legal personality and is a trading name of the sole proprietor; shareholding is therefore effected by the natural person who is the proprietor. The respondents indicated there is no explicit prohibition in the Companies Act preventing an individual from acquiring shares in the name of a proprietorship concern, so shares in the name of the proprietorship are treated as held by the proprietor. en-us Wed, 04 Mar 2009 13:59:47 +0530 Thu, 23 Jan 2025 15:58:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1047 A proprietorship firm lacks a separate legal personality and is a trading name of the sole proprietor; shareholding is therefore effected by the natural person who is the proprietor. The respondents indicated there is no explicit prohibition in the Companies Act preventing an individual from acquiring shares in the name of a proprietorship concern, so shares in the name of the proprietorship are treated as held by the proprietor. Discussion-Forum Indian Laws Wed, 04 Mar 2009 13:59:47 +0530 https://www.taxtmi.com/forum/issue?id=1047