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capital

Querist : Anonymous (Querist) 06 January 2010 This query is : Resolved 
ours is a single prop firm and one of the family member had capital of 2lac in our firm can he sue the firm and lock up the company
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A V Vishal (Expert) 06 January 2010
In a prop firm there cannot be capital of any other person than the proprietor, the 2 lacs mentioned by you is treated as a loan.
Raj Kumar Makkad (Expert) 06 January 2010
I do agree with Vishal.
joyce (Expert) 06 January 2010
I agree with vishal
Manish Singh (Expert) 07 January 2010
You can sue the proprietor for recovery of the amount. it shall be a civil suit.

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