REGISTRATION OF PARTNERSHIP
SREEKUMAR
(Querist) 07 May 2009
This query is : Resolved
Is it mandatory that a firm should be registered under partnership act? if yes with whom?
A V Vishal
(Expert) 08 May 2009
Dear Srekumar,
Not necessarily. However, unless a partnership firm is registered with the registrar of firms, the rights of the partners inter se or against any third party cannot be enforced in a court of law. If the partnership deed itself creates, transfers or affects an interest in immovable property.
n.k.sarin
(Expert) 08 May 2009
Mr.Vishal and Mr. Tripathi both are right.
Y V Vishweshwar Rao
(Expert) 08 May 2009
Mr Vishal is right and it is not compulsory .
But the Firm to be registered with Registrar of Firms.
It is better to Register the Partnership Firm -As suggested by Mr Vishal there are certian legal rights!
Guest
(Expert) 08 May 2009
For effective enforcement of partnership rights, it's advisable to get the firm registered;
adv. rajeev ( rajoo )
(Expert) 08 May 2009
I agree with R.Sivasubramanian. Firm can be regd., with Dist., Registrar of the Dist., who is also known as Regiatrar of Firms.
MANISH
(Expert) 08 May 2009
Dear friend,
I agree with the view of Mr. A V Vishal.
The registration of the partnership firm is not compulsory, but it is advantageous that the firm be registered.
The fees is a nominal one.
It can be registered with the Sub-Registrar's office where the Head office of the Firm is intended.
