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Question

The consequences of non-registration of a firm are ______________.

A
a partner of an unregistered firm cannot file a suit against the firm or other partners,
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B
the firm cannot file a suit against third parties
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C
the firm cannot file a case against the partners
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D
all of the above
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Solution

The correct option is B all of the above
The concept of registration means the process of incorporation of any firm and the consequences of non-registration of a firm are:
1. A non-registered firm does not have all the rights of a registered firm.
2.The firm cannot file a suit against third parties
3. The firm cannot file a case against the partners
4. A partner of an unregistered firm cannot file a suit against the firm or other partners.
All the above options are correct.

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