Registry of Firms

siddhartha sinha 05 November 2015

If you are a borrower of the bank then banks can keep this as a condition.Indian partnership act kept registration optional for certain cases like temporary partnerships or small businesses. Likewise registry is manadatory in many states. Third parties with commercial transactions with unregistered firms face difficulties at the time of legal disputes. For example you can silently add a new partner without telling the bank and this person can shut down your business. Bank will be at a loss then.

A SGupta 05 November 2015

ok,many many thanks, that helped a lot, have a good day

A SGupta 05 November 2015

Hello, can you tell me what are the documents required to register dissolution deed of partnership (not the firm)... I mean outgoing of old partners and incoming of new partners, in West Bengal ROF? Now, its been almost a year that the dissolution deed been made.... Although our new partnership deed has been applied for registration (that too a year ago), I only have the Challan (money receipt) of ROF and my notarized deed... I missed the hearing.... please suggest what to do now

A SGupta 05 November 2015

Hello, can you tell me what are the documents required to register dissolution deed of partnership (not the firm)... I mean outgoing of old partners and incoming of new partners, in West Bengal ROF? Now, its been almost a year that the dissolution deed been made.... Although our new partnership deed has been applied for registration (that too a year ago), I only have the Challan (money receipt) of ROF and my notarized deed... I missed the hearing.... please suggest what to do now

A SGupta 05 November 2015

Is the notarized deed and the ROF Challan good enough to get things going?

A SGupta 05 November 2015

Although the Challan and the notarized deed is more than one year old now

siddhartha sinha 05 November 2015

You have already submitted new deed for registry. Yet you want to register your dissolution deed of previous partners. Y? Did the registrar ask you to? Or does the dissolution deed involve transfer of immovable property?

A SGupta 05 November 2015

No the dissolution deed doesn't transfer any such immovable property, it only mentions the retirement of the existing partners and the incoming of the new partners.... I was asking because I got to know recently that I am bound to inform the ROF regarding any change in constitution in the partnership firm.... Is that so? As the dissolution deed took place earlier than the new deed (as obvious) but we haven't registered the dissolution deed yet.... that's why curious to know what to do now?

A SGupta 05 November 2015

No the dissolution deed doesn't transfer any such immovable property, it only mentions the retirement of the existing partners and the incoming of the new partners.... I was asking because I got to know recently that I am bound to inform the ROF regarding any change in constitution in the partnership firm.... Is that so? As the dissolution deed took place earlier than the new deed (as obvious) but we haven't registered the dissolution deed yet.... that's why curious to know what to do now?

A SGupta 05 November 2015

No the dissolution deed doesn't transfer any such immovable property, it only mentions the retirement of the existing partners and the incoming of the new partners.... I was asking because I got to know recently that I am bound to inform the ROF regarding any change in constitution in the partnership firm.... Is that so? As the dissolution deed took place earlier than the new deed (as obvious) but we haven't registered the dissolution deed yet.... that's why curious to know what to do now?

siddhartha sinha 06 November 2015

I dont have information about this rule in your state. Changes post registration are to be informed- so far right. But if all previous changes in partnership need to be informed, i am not sure if its practical. There can be n changes.A simple agreement for dissolution should work. Better if you also publish this in two local newspapers.Consult a local lawyer.

A SGupta 06 November 2015

ok...thank you so much

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