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registration of partnership firm

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Registration of Partnership Firm may be done before starting the business or anytime during the continuance of partnership. However, where the firm intends to file a case in the court to enforce rights arising from the contract, the registration should be done before filing the case.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Partnerships in India are governed by the Indian Partnership Act, 1932. As per the Partnership Act, Registration of Partnership Firms is optional and is entirely at the discretion of the partners. The Partners may or may not register their Partnership Agreement. However, in case the partnership deed is not registered, they may not be able to enjoy the benefits which a registered partnership firm enjoys. Registration of Partnership Firm may be done before starting the business or anytime during the continuance of partnership. However, where the firm intends to file a case in the court to enforce rights arising from the contract, the registration should be done before filing the case. The procedure for Registration of Partnership Firms in India is fairly simple. An application and the prescribed fees are required to be submitted to the Registrar of Firms of the State in which the firm is situated. The following documents are also required to be submitted along with the application:­ Application for Registration of Partnership in Form No. 1 Duly filled specimen of Affidavit Certified True Copy of the Partnership Deed Ownership proof of the principal place of business or rental/lease agreement thereof.

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Data?1494421730 answered

Dear Friend > REGISTRATION OF FIRMS Under the partnership Act It is not compulsory for every partnership firm to get itself registered. But an unregistered firm suffers from a number of disabilities. An application in the prescribed format along with the prescribed fees has to be submitted to the Registrar of firms of the State in which the place of business of the firm is situated. The application must be signed by all the partners and must contain the following particulars: -- The name of the firm. -- The place of business of the firm. -- The names of any other places where the business of the firm is carried on. -- The date when each partner joined the firm. -- The names in full and permanent addresses of the partners. Effect of non registration -- No suit in civil court by a partner against the firm or other partners. -- No suit in a civil court by a firm against the parties. -- The firm or its partners cannot make a claim of set-off or other proceeding based upon a contract. Thanks

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Data?1494421738 answered

> How to register a Partnership Firm in India Partnerships in India are governed by the Indian Partnership Act, 1932. As per the Partnership Act, Registration of Partnership Firms is optional and is entirely at the discretion of the partners. The Partners may or may not register their Partnership Agreement. However, in case the partnership deed is not registered, they may not be able to enjoy the benefits which a registered partnership firm enjoys. Registration of Partnership Firm may be done before starting the business or anytime during the continuance of partnership. However, where the firm intends to file a case in the court to enforce rights arising from the contract, the registration should be done before filing the case. The procedure for Registration of Partnership Firms in India is fairly simple. An application and the prescribed fees are required to be submitted to the Registrar of Firms of the State in which the firm is situated. The following documents are also required to be submitted along with the application:­ 1. Application for Registration of Partnership in Form No. 1 2. Duly filled specimen of Affidavit 3. Certified True Copy of the Partnership Deed 4. Ownership proof of the principal place of business or rental/lease agreement thereof. The application or statement must be signed by all the partners, or by their agents especially authorised in this behalf. When the registrar is satisfied with the points stated in the partnership deed, he shall record an entry of the statement in a register called the Register of Firms and issue a Certificate of Registration (Sec 59). The Register of Firms maintained at the office of the Registrar contains complete and up­to­date information about each registered firm. This Register of Firms is open to inspection by any person on payment of the prescribed fees (Sec 66). Any person interested in viewing the details of any firm can request the Registrar of Firms for the same and on payment of the prescribed fees, a copy of all details of with Firm registered with the Registrar would be given to the applicant

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

**REGISTRATION OF PARTNERSHIP FIRM** Registration of partnership firm has been made optional under the provisions of Section 58 of the Indian Partnership Act, 1932. Consequences of non-registration of a partnership firm are set out in Section 69 of the Partnership Act. An unregistered firm cannot enforce a right or claim arising out of a contract against any third party. However, if the firm obtains registration on the date of institution of the claim against third person, the said claim or right would be perfectly maintainable. Since the blow of the consequences of non-registration is very severe, it is advisable to get the partnership registered under the Partnership Act, 1932 immediately on its incorporation Thanks

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