A report on procedure of registration of partnership firm under partnershi =559=

7 UNIT-II THE INDIAN PARTNERSHIP ACT, 1932. In the case of partnership, registration is not compulsor y. 2. Unlike English law registration is optional under Indian Partnership Act, But it becomes indirectly necessar y, so that if a firm is not registered,

Partnership Firms in India are governed by the Indian Partnership Act, 1932. As per Section 4 of the Indian Partnership Act:- When a partnership firm (under a firm name) enters into a contract of partnership with another partnership firm or individual, in that case, in the eyes of the law 1. All the partnership firms studied are registered under Partnership Act, 1932. (Table no.5.45) 2. 44% firms are liable to tax audit. (Table no.5.46) 3. As a business entity, the partnership firms earn profit by carrying on their business activities as well as capital gain on Procedure for the Registration and Dissolution of a Partnership Firm! Registration of Firm: Under the Indian Partnership Act, 1932, the registration of the firm is not compulsory. Because an unregistered firm suffers from certain limitations, hence the registration of the firm is desirable. Registration can be done at any time. The Indian Partnership Act, 1932.pdf Created Date: 20130628085915Z Click here ?? to get an answer to your question ? A report on procedure of registration of partnership firm under partnership act 1932 aims and objectives: on procedure of registration of partnership firm under partnership act 1932 aims and objectives: the act for the registration of The registration of partnership is not compulsory under Indian Partnership Act. In England registration is, however, compulsory. In India there are certain privileges which are allowed to those firms which are registered. Incorporation of partnership firm Partnership firms in India are governed by the Partnership Act, 1932. Registering a firm under the Partnership Act (hereinafter called the Act) is not mandatory as in the case of setting up a company. Each state follo