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Introduction to Partnership

Registration ...

Question

Registration of a partnership firm can be affected _______.

A

Just after commencement of business

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B

As soon as partnership deed is ready

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C

Any time during continuation of the business

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D

Within six months of entering into an agreement

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Solution

The correct option is D Any time during continuation of the business
The Partnership Act, 1932 does not make the registration of partnership firm compulsory. Thus, an unregistered partnership firm is not an illegal association. ... A firm may be registered at any time by filing an application with the Registrar of the area in which any place of business of the firm is situated.

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