About The Unregistered Partnership Firm...
Vasanth Jindha
(Querist) 02 May 2011
This query is : Resolved
Dear Experts,
I am student, I just want to know whether
an unregistered partnership firm can sue against the 3rd party for recovery of money?
Is there any remedy to recover money?
I need citation for that...
Please help me to know this...
R.Ramachandran
(Expert) 03 May 2011
An unregistered Firm will not be able to sue any third party for recovery of the dues. Whereas third parties would be able to sue the unregistered Partnership firm.
Sri Vijayan.A
(Expert) 03 May 2011
I agree with Mr.Rama chandran, particularly in the text the firm can be sued.
No citation is needed.
malipeddi jaggarao
(Expert) 03 May 2011
I agree with all experts. As far as remedy for recovery of money, the partners can sue in their personal capacity.
Vasanth Jindha
(Querist) 03 May 2011
Thank you so much for all of you.
Particularly for Rajeev sir...
G. ARAVINTHAN
(Expert) 05 May 2011
Funny Indian law permits even a partner of a dissolved partnership firm can sue third parties, but not permitting an unregistered firm to sue its debtors
R.Ramachandran
(Expert) 05 May 2011
Dear Mr.Aravinthan,
What is funny about it?