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Under the central provisions of the Indian Partnership Act, 1932, how is registration of a partnership…

Registration is optional under the central Act. Section 57 provides for appointment of the Registrar of Firms. Under sections 58 and 59 a firm may apply for registration,…

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Under the central provisions of the Indian Partnership Act, 1932, how is registration of a partnership firm with the Registrar of Firms treated?

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Answer and explanation

Correct answer B

Registration is optional under the central Act. Section 57 provides for appointment of the Registrar of Firms. Under sections 58 and 59 a firm may apply for registration, and the Registrar records the entry if satisfied that section 58 has been complied with. Section 69 limits certain suits to enforce contractual rights or, in suits governed by subsection (1), rights conferred by the Act. It makes exceptions, including for a suit to dissolve a firm.

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Option A

Sections 58 and 59 of the central Act provide a mechanism for registration without making it compulsory.

Option B

Registration is optional under the central Act. Section 69 restricts certain suits where registration is absent.

Option C

Section 54 concerns agreements in restraint of trade in anticipation of or upon dissolution. Sections 58 and 59 govern registration.

Option D

Optional describes registration under the central provisions.

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