Private Limited Company
No, a private limited company cannot be a proprietor. The term “proprietor” typically refers to an individual who owns and operates a business as a sole proprietorship.
On the other hand, a Pvt Ltd Co. is a distinct legal entity separate from its owners. It is formed by incorporating under the relevant laws and regulations of a particular jurisdiction.
The ownership of a It is divided into shares held by one or more shareholders. The shareholders are not referred to as proprietors but as shareholders or members of the company.
While a sole proprietorship and a it are both forms of business entities, they have different legal structures, ownership arrangements, liability provisions, and compliance requirements. It is important to understand the distinctions between these business structures and consult with legal and financial professionals to determine the most suitable structure for your business based on your specific needs and circumstances.
To visit: https://www.mca.gov.in/
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