Explain the procedure for registration of a partnership firm. What are

1.	Explain the procedure for registration of a partnership firm. What are the consequences of non-registration?
Answer» The statement should contain the following details: 1. Name of the firm. 2. Location of the firm. 3. Names of other places where the firm carries on business. 4. Date on which each partner joined the firm. 5. Names and addresses of all the partners. 6. Duration of the firm. The unregistered firm suffers from certain disabilities. They are: 1. A partner of an unregistered firm cannot file a suit in court of law against the third parties or against the firm or against his co-partners for the recovery of the claims. 2. An unregistered firm cannot file as suit in a court of law against the third parties for the recovery of its debts exceeding Rs. 100 3. An unregistered firm cannot file a suit against any of its partners for the recovery of its debts.

Explain the procedure for registration of a partnership firm. What are the consequences of non-registration?

Answer»

The statement should contain the following details:

1. Name of the firm.

2. Location of the firm.

3. Names of other places where the firm carries on business.

4. Date on which each partner joined the firm.

5. Names and addresses of all the partners.

6. Duration of the firm.

The unregistered firm suffers from certain disabilities. They are:

1. A partner of an unregistered firm cannot file a suit in court of law against the third parties or against the firm or against his co-partners for the recovery of the claims.

2. An unregistered firm cannot file as suit in a court of law against the third parties for the recovery of its debts exceeding Rs. 100

3. An unregistered firm cannot file a suit against any of its partners for the recovery of its debts.

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