Proprietorship

Querist : Anonymous (Querist) 21 July 2011 This query is : Resolved
My Mother is the Proprietor of a Firm and the Power of Attorney for signing on cheque is with my Father. Now we are planning to open another firm where my father will be the Proprietor. Is it okay if my father has the power to sign on both the Firm's Cheque?

Follow Query

Report Abuse

R.Ramachandran (Expert) 21 July 2011
There is nothing wrong. All these things are as per the convenience of the parties.

Devajyoti Barman (Expert) 21 July 2011
Yes , he can but under different ccapacity.

N. AKSHAY BERI (Expert) 21 July 2011
THERE IS NOTHING WRONG IN IT. A PERSON CAN BE A PARTNER OF PROPRIETOR OF DIFFERENT FIRM AT SAME TIME.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Browse by Category

Stay updated with latest Posts!