Interested to Buy Any Domain ? << Click Here >> for more details...
Let me know rgarding the registration of partnership firm
- 1 Answers
- 2717 Views
- Wipro, I also Faced
- E-Mail Answers
Answer / murali krishna
Partnership firms in India are governed by the Indian Partnership Act, 1932. While it is not compulsory to register your partnership firm as there are no penalties for non-registration, it is advisable since the following rights are denied to an unregistered firm:
• A partner cannot file a suit in any court against the firm or other partners for the enforcement of any right arising from a contract or right conferred by the Partnership Act
• A right arising from a contract cannot be enforced in any Court by or on behalf of your firm against any third party
• Further, the firm or any of its partners cannot claim a set off (i.e. mutual adjustment of debts owned by the disputant parties to one another) or other proceedings in a dispute with a third party.
Registration Procedure: A partnership firm can be registered whether at the time of its formation or even subsequently. You need to file an application with the Registrar of Firms of the area in which your business is located.
• Application for partnership registration should include the following information: – Name of your firm – Name of the place where business is carried on – Names of any other place where business is carried on – Date of partners joining the firm – Full name and permanent address of partners. – Duration of the firm
• Every partner needs to verify and sign the application
• Ensure that the following documents and prescribed fees are enclosed with the registration application :
– Application for Registration in the prescribed Form – I
– Duly filled Specimen of Affidavit – Certified copy of the Partnership deed
– Proof of ownership of the place of business or the rental/lease agreement thereof It may be noted here that the name of your partnership firm should not “contain any words which may express or imply the approval or patronage of the government except where the government has given its written consent for the use of such words as part of the firm’s name”. Once the Registrar of Firms is satisfied that the application procedure has been duly complied with, he shall record an entry of the statement in the Register of Firms and issue a Certificate of
| Is This Answer Correct ? | 0 Yes | 0 No |
why the debit balane of p&l a/c shows in asset side of balancesheet
1. How do we calculate the Closing Stock ? 2. How many types methods are used for calculating closing stock ?
what are golden rules of accounting.......?
How to raise my credit score if I have 500 credit score?
what is stock? what is bond? who is portfolio manager? corporare action?
what is the work of cost accountant?
How to decide the number of voucher files to be maintained ? What are the possible voucher files?
is accounting a science or an art?
what are the security data points
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books
I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??
what is payroll
Audit 
