NOTES


CA-Foundation > Business Laws > The Indian Partnership Act, 1932 - Formation and Registration of Partnership Firm (Old & New)

Amit & Bhushan purchased a taxi to ply in partnership. They plied the taxi for a year when Amit without the consent of Bhushan, disposed of the taxi which brought the partnership to an end. Bhushan brought an action to recover his share on the sale proceeds. Amit resisted Bhushan's claim on the ground that the firm was not registered. Will he succeed in his claim?



Ans.
U/s 69, a partner of an unregistered firm cannot enforce any of his contractual or legal rights against any other Partner. But non- registration of a firm does not effect a Partner's right to seek settlement of accounts of a dissolved Firm. Hence Bhushan's claim is valid since the partnership is dissolved in the instant case.

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Notes of The Indian Partnership Act, 1932 - Formation and Registration of Partnership Firm (Old & New)



  1. What are the effects non-registration of a partnership firm?
    see in detail

  2. "Registration of partnership firm is not compulsory, yet it is desirable", comment.
    see in detail

  3. Amit & Bhushan purchased a taxi to ply in partnership. They plied the taxi for a year when Amit without the consent of Bhushan, disposed of the taxi which brought the partnership to an end. Bhushan brought an action to recover his share on the sale proceeds. Amit resisted Bhushan's claim on the ground that the firm was not registered. Will he succeed in his claim?
    see in detail

  4. Aadu & Co. is registered as a partnership firm in 1990 with Mahesh, Suresh and Ramesh partners. In 2006, Mahesh dies. In 2007, Suresh and Ramesh sue Kapil in the name and behalf of Aadu & Co., without fresh registration. Whether the suit is maintainable?
    see in detail

  5. An unregistered firm and the partners thereof suffer from certain disabilities. State the exceptions to such disability.
    see in detail


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