{"id":397,"date":"2015-10-15T07:44:52","date_gmt":"2015-10-15T07:44:52","guid":{"rendered":"http:\/\/www.solubilis.in\/blog\/?p=397"},"modified":"2021-10-06T05:39:39","modified_gmt":"2021-10-06T05:39:39","slug":"firm-registration-under-partnership-act","status":"publish","type":"post","link":"https:\/\/www.solubilis.in\/blog\/firm-registration-under-partnership-act\/","title":{"rendered":"The Procedure For Firm Registration Under Partnership Act"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.solubilis.in\/blog\/wp-content\/uploads\/2015\/08\/1234.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-218\" src=\"http:\/\/www.solubilis.in\/blog\/wp-content\/uploads\/2015\/08\/1234.jpg\" alt=\"Private Limited Company Registration in Chennai\" width=\"970\" height=\"455\" srcset=\"https:\/\/www.solubilis.in\/blog\/wp-content\/uploads\/2015\/08\/1234.jpg 970w, https:\/\/www.solubilis.in\/blog\/wp-content\/uploads\/2015\/08\/1234-300x141.jpg 300w, https:\/\/www.solubilis.in\/blog\/wp-content\/uploads\/2015\/08\/1234-600x280.jpg 600w\" sizes=\"auto, (max-width: 970px) 100vw, 970px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Under the partnership Act, <em>firm registration<\/em> is optional, and not essential. This is clear from the <span id=\"GingerWidget-correction-0\" class=\"correction alternate\">plan<\/span> of section 58 and 59. A suit by one partner to exact other partners to <span id=\"GingerWidget-correction-1\" class=\"correction alternate\">join<\/span> in <strong>registration<\/strong> of the partnership is maintainable. The contract of partnership does not cancel a partnership of non <em>registration<\/em> it affects the right of <span id=\"GingerWidget-correction-2\" class=\"correction alternate\">a <a href=\"http:\/\/www.solubilis.in\/partnership-firm-registration-chennai.php\" target=\"_blank\" rel=\"noopener\">partnership registration<\/a> is<\/span> to <span id=\"GingerWidget-correction-3\" class=\"correction alternate\">make<\/span> the third parties for recovery amounts due from them to the partnership<span id=\"GingerWidget-correction-4\" class=\"correction alternate\">. <\/span><span id=\"GingerWidget-correction-5\" class=\"correction alternate\">A<\/span> partnership in a firm is called partnership at-will.<\/p>\n<h1>The name of partnership in a firm<\/h1>\n<p style=\"text-align: justify;\">The partners may select any firm name which will dishonestly mention that their business in the same as some other competing <span id=\"GingerWidget-correction-0\" class=\"correction alternate\">concerns<\/span>. They cannot use <span id=\"GingerWidget-correction-1\" class=\"correction alternate\">words<\/span> like president and royal, <span id=\"GingerWidget-correction-2\" class=\"correction alternate\">etc.<\/span>.<span id=\"GingerWidget-correction-3\" class=\"correction alternate\">. <\/span>which will mention that the firm\u00a0 is enjoying the help of the state<span id=\"GingerWidget-correction-4\" class=\"correction alternate\">. <\/span>The names of all the partners may be used together as the <em>firm<\/em> name or the name of any particular partner may be used.<\/p>\n<p style=\"text-align: justify;\">It may happen that the name of a partner is used as the firm name, but the name is <span id=\"GingerWidget-correction-0\" class=\"correction alternate\">exactly<\/span> with the <a href=\"http:\/\/solubilis.in\/company-registration-kochi.php\" target=\"_blank\" rel=\"noopener\">firm name <\/a>of a <span id=\"GingerWidget-correction-1\" class=\"correction alternate\">competitor&#8217;s<\/span> mark. A man is allowed to use his own name for carrying on a business even <span id=\"GingerWidget-correction-2\" class=\"correction alternate\">though<\/span> it is identical with the name of another person carrying on a similar business.<\/p>\n<h2><a href=\"http:\/\/www.solubilis.in\/blog\/wp-content\/uploads\/2015\/09\/urleee.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-313\" src=\"http:\/\/www.solubilis.in\/blog\/wp-content\/uploads\/2015\/09\/urleee.jpg\" alt=\"Firm Registration in Chennai\" width=\"299\" height=\"200\" \/><\/a><\/h2>\n<h2><\/h2>\n<h2><\/h2>\n<h2><\/h2>\n<h2><\/h2>\n<h2>The Effect of Firm Registration<\/h2>\n<p style=\"text-align: justify;\">The<a href=\"http:\/\/www.solubilis.in\/company-registration-chennai.php\" target=\"_blank\" rel=\"noopener\"><em> firm registration<\/em><\/a> may be affected at any time by post or by sending to the locality of the recorder of firms. The recommended fees followed by the statement in the duty, the following details are declaring<\/p>\n<ul>\n<li>The name of firm registration<\/li>\n<li><span id=\"GingerWidget-correction-0\" class=\"correction alternate\">The<\/span> field of business of the firm or the principal part<\/li>\n<li>Where the firm delivers on business names to any other places<\/li>\n<li>The date when each partner combined in the firm<\/li>\n<li>The address and names of the partners<\/li>\n<li>The term of a firm<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">All the partners of the firm shall be verified and signed the report behalf of the authorized agents.On receipt of the statement and the fees, the registrar records an access <span id=\"GingerWidget-correction-0\" class=\"correction alternate\">to<\/span> the reports in the secretary of firms is considered to be registered in <em>Chennai<\/em><span id=\"GingerWidget-correction-1\" class=\"correction alternate\">. <\/span>The register of firms can be inspected and copies of entries taken by on payment <span id=\"GingerWidget-correction-2\" class=\"correction alternate\">by<\/span> any person to necessary fees.<\/p>\n<h3>The Classes Of Partners in a firm<\/h3>\n<p>The partners can be classified as below :<\/p>\n<h4>Active Partner :<\/h4>\n<p style=\"text-align: justify;\">An active partner is the one who actually participates in the firm of business. An agreement is only to becomes a person is partner of the firm<\/p>\n<h5>Nominal Partner :<\/h5>\n<p style=\"text-align: justify;\">These partners <span id=\"GingerWidget-correction-0\" class=\"correction alternate\">join<\/span> the firm by <span id=\"GingerWidget-correction-1\" class=\"correction alternate\">agreement<\/span> but do not take any effective side in the business. Their liabilities are same as of active partners.<\/p>\n<h6>Sub- Partner :<\/h6>\n<p style=\"text-align: justify;\">The transfer of a share of a <span id=\"GingerWidget-correction-0\" class=\"correction alternate\">partner&#8217;s<\/span> interest in a firm is called a sub partner. The rights and liabilities are limited.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Under the partnership Act, firm registration is optional, and not essential. This is clear from the plan of section 58 and 59. A suit by one partner to exact other partners to join in registration of the partnership is maintainable. The contract of partnership does not cancel a partnership of non registration it affects the right of a partnership [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[7,21,23,22],"class_list":["post-397","post","type-post","status-publish","format-standard","hentry","category-firm","tag-company-registration-in-chennai","tag-firm-registration-in-chennai","tag-partnership-deed-registration-in-chennai","tag-partnership-firm-registration-in-chennai"],"_links":{"self":[{"href":"https:\/\/www.solubilis.in\/blog\/wp-json\/wp\/v2\/posts\/397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solubilis.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solubilis.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solubilis.in\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solubilis.in\/blog\/wp-json\/wp\/v2\/comments?post=397"}],"version-history":[{"count":8,"href":"https:\/\/www.solubilis.in\/blog\/wp-json\/wp\/v2\/posts\/397\/revisions"}],"predecessor-version":[{"id":1697,"href":"https:\/\/www.solubilis.in\/blog\/wp-json\/wp\/v2\/posts\/397\/revisions\/1697"}],"wp:attachment":[{"href":"https:\/\/www.solubilis.in\/blog\/wp-json\/wp\/v2\/media?parent=397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solubilis.in\/blog\/wp-json\/wp\/v2\/categories?post=397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solubilis.in\/blog\/wp-json\/wp\/v2\/tags?post=397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}