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Company law and partnership act

(Querist) 28 January 2013 This query is : Resolved 
There is a partnership firm having 2 partners. One is a private limited co. and other is an individual. Now the individual is retiring. The question is whether a limited company can continue this business as a proprietor? or conversly, can a limited company have a proprietory firm?
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Raj Kumar Makkad (Expert) 28 January 2013
It shall be treated as the business of the company rather of a formal word of proprietorship firm.

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