TaxTMI 
TaxTMI 
Proprietorship firm - a shareholder
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....roprietorship firm - a shareholder<br> Query (Issue) Started By: - DEBABRATA ROY Dated:- 4-3-2009 Last Reply Date:- 16-3-2009 Other Topics<br>Got 2 Replies<br>Indian Laws<br>Whether Proprietorship fi....
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....rm ,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 proprietorship firm in stead of i....
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....ndividal 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 by the individual to his acti....
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....vities undertaking in relation to business. Therefore, proprietorship firm has no independent identity. On the other side, since individuals are allowed to do business activities in the name of firm c....
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....alled 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, detailed provisions of companies a....
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....re 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 name name of proprietor ship firm can....
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.... not become a member. Therefore, you may buy shares in the name of proprietorship firm.<br> Discussion Forum - Knowledge Sharing ....