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Sekar   18 September 2015

Renewal & validity of partnership firm

Dear Experts,

In the year 2003 a partnership firm was formed and it was registered in Andhra Pradesh

From year 2003 to 2015 i.e for the last 12 years, no statement of accounts was ever made, no removal/induction of partner was ever made, no information about any activity was ever sent to Registrar of Firms for these 12 years. No renewal of partnership registration was done for 12 years.

In such case now after 12 years does the registration of partnership firm bear any validity? 

Is there any requirement of renewal of registration to be doen in Andhra Pradesh for partnership firm

 

Thank you.

 



Learning

 1 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     17 September 2016

A partnership firm comes to an end at death, lunacy or bankruptcy of any partner. Even otherwise, it can stop it’s business at the will of the partners. At any time, they may take a decision to end their partnership


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