Any individual or organization can become a member/shareholder of the private limited company, including foreigners/NRI. However, such a person must be 18+ above in terms of age and should have a valid PAN card. Therefore, the sole proprietor along with any other person can become member of the Company.
By Chandan Todi|2022-01-24T12:07:04+05:30January 24th, 2022|Categories: sole prop to pvt ltd|Comments Off on Who can be a member of a Private Limited Company in case of conversion?