Company law and partnership act
NITIN
(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?
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.