is registration of partnership necessary answer
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Answer:
The Registration of a partnership firm is not compulsory under Part VII of the Indian Partnership Act, 1932, though it is usually done as registration brings many advantages to the firm. It is optional for partners to set the firm registered and there are no penalties for non-registration.
In India, Partnerships are governed by Indian Partnership Act, 1932 and the Registration of Partnership Firm is not essential as per this Act. The real test of Partnership Firm is based on Mutual Agency.
answer:the registration of partnership firm is not compulsory under part vii of the Indian partnership act , 1932 though it is usually done as registration brings many advantages to the firm. it is optional for partners to set the firm registered and there are no penalties for non registration