Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
651 views
in Concept of Business by (55.8k points)
closed by

If registration is optional, then why do partnership firms want themselves to get registered? Explain.

1 Answer

+1 vote
by (51.5k points)
selected by
 
Best answer

According to the Indian Partnership Act, 1932, registration of partnership firm is not compulsory, but optional. But the partners have to face a lot of problems and also remain deprived of lots of benefits if their firm is not registered. If the firm is not registered, then the partners of such firm cannot file any complaint against his inefficient partners and vice-versa. Due to all such reasons, a firm should always be registered.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

...