The Procedure For Firm Registration

Under Partnership Act

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The Procedure For Firm Registration Under Partnership Act

The Procedure For Firm Registration Under Partnership Act

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 registration is to make the third parties for
recovery amounts due from them to the partnership.
A partnership in a firm is called partnership at-will.

The name of partnership in a firm

The partners may select any firm name which will dishonestly mention that their

business in the same as some other competing concerns.

They cannot use words like president and royal, etc... which will mention that the

firm is enjoying the help of the state.

The names of all the partners may be used together as the firm name or the name

of any particular partner may be used.

The name of partnership in a firm

It may happen that the name of a partner is used as the firm name, but the name

is exactly with the firm name of a competitors mark.

A man is allowed to use his own name for carrying on a business even though it is

identical with the name of another person carrying on a similar business.

The Effect of Firm Registration

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The Effect of Firm Registration

Thefirmregistration 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
1.

The name of firm registration

2.

The field of business of the firm or the principal part

3.

Where the firm delivers on business names to any other places

4.

The date when each partner combined in the firm

5.

The address and names of the partners

6.

The term of a firm

The Effect of Firm Registration

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 to the

reports in the secretary of firms is considered to be registered in Chennai.

The register of firms can be inspected and copies of entries taken by on

payment by any person to necessary fees.

The Classes Of Partners in a firm

The partners can be classified as below :
Active Partner :
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
Nominal Partner :
These partners join the firm by agreement but do not take any effective side in the business. Their
liabilities are same as of active partners.
Sub- Partner :
The transfer of a share of a partners interest in a firm is called a sub partner. The rights and
liabilities are limited.

The Effect of Registration To incorporate A

Limited Company
The Incorporation of Certificate
On the registration of a directive of a company, the officer shall certify under his

hand that the company is incorporated, and in the instance of a limited company, that
the company is limited in the companies act 1956 under the section 34.
It is indirect that a directive will be registered only when the other basic

documents are already with the registrar and he is satisfied that the documents
produced are in large consent with the procedure to
company registration in Chennai.
In other words a company is not absolutely incorporated in the letter alone.

The Incorporation of Certificate

A company is registered whether a public limited company or private limited
company in order to gain under the companies Act 1956.
The certificate of incorporation may be presenting the effect of registration, but it
may yet grant the registration.
The companies act 1956 under the section 35 makes it clear that positive information
will be defined to things example secondary to company registration.

The Certificate of Inception of Business

The certificate of incorporation does not allow a company to begin their business,

unless the registrar of companies approves that the effect of registration company is
allowed to launch a business and that certificate shall be certain information that the
company is so permitted under the companies act 1956 of section 149 .
A private limited company that is a secondary of public limited company.

The Effect of Registration

The date of incorporation is specified from the certificate of incorporation, the
directive of such subscriber and other persons, as may from time to time be
associates of the company that shall be a incorporate body by the name have in the
directive, every roles of an company with the effect of registration is formed to
qualified of operating and having constant series and a common seal, but with such
LLP on the segment of the associates to present to the benefits of the company
inChennai with the action of its being in the act 1956.