| introduction? | section 56 to 71 deals with the registration of firm.
registration of firms is not mandatory under this act.
there is no penalty for no registration of a firm. |
| procedure for registration of a firm. | firm can be register any time.
give app to ROF of
name of the firms, name od the partner, address of the firm and partner, date when each partner join, duration of firm{if any} , name of the place where firm carries on its business.
form should be sign by all the partners.
after the registration certificateissue krte hai. |
| when is registration completed | registration is complete and effective when properly filled document submitted to rof. |
| consequences of non-registration of firm? | 1. cannot sue the other firm or any partner.
2. cannot suit 3 person or party.
3.claim of set off. |
| non register will not affect the following=???? | 1. right of 3 party to sue the firm.
2. partners can file sur for dissolution, settlement of accounts of a dissolved firm and realising property of dissolved firm.
3. firm can claim suit for the set-off money not exceeding more than 100.
4. right of partner to file a criminal suit. |
| section 69? | 1. suit is instituted on behalf of firm
2. person suing should be shown as he partner of register firm. |
