In India, is there a partnership company can be changed to proprietorship company without cancelling RC?

You can approach the Registrar of Firms but one of your partners should resign and only one person should be the owner, then they will convert the organisation as proprietoryship one.

definite they are in a position to try this. It discourages frivolous claims. maximum rules state the two assorted claims or dollar quantity which could deliver approximately being dropped or replace in coverage quantities. My parent's filed a declare for water harm because of a defective water heater and it replace into the 0.33 declare in 5 years (one replace right into a outbuilding that alter into broken in a hurricane can not remember the different) and that they have got been given a letter saying rather of a $250 deductible, they have a ten% ded now. After 35+ years of coverage with this company. for specific they're ticked although that's in the companies rights to accomplish that.