Can A Working Employee Open A Proprietorship Firm.

Asked in Company or corporations

  • Pratyaksh Somani

    Raipur

Expert's Answers(8)

  • Advocate Sanjeev Jain

    Muzaffarnagar, Uttar Pradesh
      8 Client Ratings

    Dear Client Depends on teams and conditions For further assistance please contact me Thank you

    February 16, 2022
  • xxxxx cxxxxx

    Bengaluru, Karnataka
      184 Client Ratings

    Dear Sir, No, you are not suppose to open proprietorship firm in your name as you are hired by some private limited company. Please give me rank after viewing my details. Please call me for further assistance.

    November 13, 2021
  • Ishtneet Bhatia

    Sahibzada Ajit Singh Nagar, Punjab
     

    First you need to read the terms and conditions of appointment in case it contradicts the terms you cannot open a proprietary firm during the tenure of appointment but in case you resign from the company you can do so but that to should also not violate the terms of appointment as there can be non compete clause in your appointment letter

    November 13, 2021
  • Advocate Abhimanyu Gurawalia

    Patli Hajipur, Haryana
      60 Client Ratings

    go through the term and condition of your appointment letter .if your firm is of same business or effect the business then it may a reason for your termination

    November 12, 2021
  • Advocate Anik

    Bengaluru, Karnataka
      66 Client Ratings

    Hello Ma'am You must go through the by laws of the company and the agreement you signed while joining the job, if they have mentioned that there is bar on doing then you cannot open, otheriwise you have all rights to do so. Thanks Please rate if you find this advice helpful

    November 12, 2021
  • Naveen Kumar

    Bangalore, Karnataka
     

    You can be a properitor,Partner,Shareholder in a company,Independent director but you should not be a fulltime.You can be a sleeping business owner.For further enquiries contact me.

    November 12, 2021
  • Advocate Ankur Goel

    Bangalore, Karnataka
      7 Client Ratings

    if you can succeed in driving a car on road and pedaling boat on river at same time then no law can stop you from doing what you planning. If you fail or your company came to know abt your enthusiasm then they will throw you out.

    November 11, 2021
  • Advocate Srinivas G D

    Bengaluru, Karnataka
      19 Client Ratings

    No , being employed in a Company you cannot open any Firm.

    November 11, 2021