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Business Studies

Merits and Limitations of Joint Stock Company

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Question

Registration of partnership is not compulsory but registration of company is __________.

A

Optional

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B

Compulsory

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C

Compulsory in some cases

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D

Optional but compulsory in some cases

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Solution

The correct option is B Compulsory
A company is a separate legal artificial body with a name and common seal by the law. According to the Companies Act, 2013, it is compulsory for all the companies to register under the companies act with their memorandum of association.

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Similar questions

Q. Is registration of partnership firm compulsory?

Q. State whether the following statements are True or False:
(a) Registration of a partnership is legally compulsory.
(b) Limited partnership is not allowed in India.
(c) A partnership can take as many partners as it likes.
(d) A minor can become a partner.
(e) Partners may come and go but the partnership goes on forever.
(f) A person becomes a partner on his birth in the family.

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Q. Except the mode of registration, there is no significant difference between a company and a partnership firm :

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