The Partnership deed should be properly drafted and prepared as per the provisions of the _________ and preferably registered with the Registrar of firms.

Contract act

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Stamp act

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Partnership act

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Both A and B

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Solution

The correct option is B Stamp act
Partnership comes into existence as a result of agreement among the partners. The clauses of partnership deed can be altered with the consent of all the partners. As per the provisions of the 'Stamp Act', the deed should be properly drafted and prepared and preferably registered with the Registrar of Firms.

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Similar questions

Why should a firm have a partnership deed?

Q. Consider the following statements :
1. It is compulsory to have a Partnership Deed.
2. It is compulsory for a partnership firm to get itself registered.
3. A partner of an unregister firm can file a suit for the dissolution of the firm.
Which of the above statement/s is/are not correct ?

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According to India Partnership Act 1932, it is not compulsory for a partnership firm to get itself registered, then why do partners prefer to get the firm registered ?

Q. The Registrar after approval will make an entry in the register of firms and will subsequently issue a ___ .

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