Dear all,
Mr. A who is the proprietor of M/S. Tours & Travels. Mr. A dies and his son Mr. B is running the shop M/s Tours & Travels. Can his son Mr. B be designated as a proprietor of M/s. Tours & Travels. What are the formalities to be considered by Mr. B in this regards
Also if Mr. A has three legal heirs including Mr. B, in such case I understand that Mr. B needs to obtain a NO OBJECTION CERTIFICATE from the other two legal heirs for Mr. B to be designated as proprietor of M/s. Tours & Travels. Is there any other formality to be considered by Mr. B.
Please advise.
Thanks & regards
Ramanathan
