Question

is registration of firm compulsory ?​

Answer 1

Though directly the registration of firms is not compulsory but indirectly it is so. To avail of certain advantages under law the firm must be registered with the Registrar of Firms of the State. Registration of a firm does not provide a separate legal entity to the concern as in the case of Joint Stock Company.

Answer 2

Explanation:

Registration of a partnership firm is not mandatory under law. The Partnership Act,1932 provides that if the partners so desire may register the firm with the Registrar of Firms of the state in which the firm's main office is situated.