Business Studies, asked by tushar27jadhav, 6 months ago

What: (i) law should the Partnership Firm be registered? Please give your reasons for
the answer?; and (ii) type of partner shall Geeta, Mr. Bajaj and Mr. Kumar each be
classified as?

Answers

Answered by SweetestBitter

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.

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