Question

Notice regarding retirement, expulsion, dissolution of a firm is required to be published in the official gazette in _________ vernacular newspaper.

• A. at least two
• B. at least one
• C. one
• D. three

Answer 1

Answer: (B)

at least one

It needs to give notice to the District Registrar of Firms about the re-constitution of firms under Sec-63 of Indian partnership Act, 1932, and we need to publish the same in any vernacular newspaper and in Official Gazette as per the Sec-72 of the same Act states. The Sec-72 is about 'Mode of giving Public Notice' and where it relates to the retirement or expulsion of a partner from a registered firm, or to the dissolution of a registered firm, or to the election to become or not to become a partner in a registered firm by a -person attaining majority who was admitted as a minor to the benefits of partnership, by notice to Registrar of firms under section 63, and by publication in the Official Gazette and in at least one vernacular newspaper circulating in the district where the firm to which it relates has its place or principal place of business.