Under the Indian Partnership Act, 1932, registration of an ordinary partnership firm is:
Section 58 says registration may be effected at any time; ordinary partnership registration is not a compulsory condition for the firm’s existence. Section 69 nevertheless…
Choose your answer
Under the Indian Partnership Act, 1932, registration of an ordinary partnership firm is:
Answer and explanation
Correct answer C
Section 58 says registration may be effected at any time; ordinary partnership registration is not a compulsory condition for the firm’s existence. Section 69 nevertheless imposes important restrictions on enforcing specified contractual rights through suits by an unregistered firm or partner. Registration is therefore useful, but not compulsory is the precise legal classification asked for.
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