Question

State the Registration of partnership and its procedure.

Answer 1

According to the Partnership act it is not necessary to get the form registered for its formation . But there is a chance of difficulties if a firm is not registered . So it is useful to register a firm and it also bring some facilities in its wake .

Procedure for Registration - For the purpose of getting the firm registered all the states governments have appointed registrar of firms . It is necessary to fill a prescribed form in order to get a firm registered and after that the filled form is to be deposited to the registrar of the firm of the state concert with prescribed fee .