Is registration of partnership firm is …
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Ramandeep Kaur 3 years, 6 months ago
- 1 answers
Related Questions
Posted by Isha Gautam 3 weeks ago
- 0 answers
Posted by Ayushi Singh 2 months ago
- 1 answers
Posted by Harshnoor Handa 1 month, 4 weeks ago
- 0 answers
Posted by Deepanshu Gautam 1 month, 2 weeks ago
- 1 answers
Posted by Vineet Jaiswal 2 weeks, 4 days ago
- 0 answers
Posted by Z Hw 8 hours ago
- 0 answers
Posted by Lumi Maozi 1 month, 1 week ago
- 0 answers
Posted by Pronab Baroi 1 month, 4 weeks ago
- 3 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Yogita Ingle 3 years, 6 months ago
It is not compulsory for partnership firms to get themselves registered. However, it is beneficial to get themselves registered because an unregistered firm has to suffer the following consequences :
1.A partner of an unregistered firm cannot file a suit against any other partner or the firm for enforcing his legal rights.
2.An unregistered firm cannot file a suit against any third party or partner for enforcing legal rights.
3. Any partner of an unregistered firm cannot claim a set off in a legal proceeding carried on against the firm by a third party for enforcing any legal right.
4. No salary or commission is provided to any of the partners.
1Thank You