REGISTRATION

MEANING
1.MEANS ENTERING OF THE FIRM’S NAME ALONG WITH THE RELEVANT PRESCRIBED
PARTICULARS,IN THE REGISTER OF THE FIRMS.

2.As per the Partnership Act 1932, it is not compulsory to register a partnership firm. The firm does not
have a separate legal identity and registration will not alter this fact. However, registration is the
definite proof of the existence of the firm and its legality.

3.IT provides a conclusive proof of the existence of a firm.

4.IMP-TO FILE A CASE AGAINST ANY COMPANY OR FIRM IN THE FUTURE.

5.THE REGISTRATION CAN BE AT THE TIME OF FORMATION OR ANY TIME DURING EXISTENCE.
 CONSEQUENCES OF NON-REGISTRATION
● It is optional for a partnership firm to get registered
● In case a firm does not get registered, it is deprived of many benefits.
● The consequences of non-registration of a firm are as follows:
○ A partner of an unregistered firm cannot file a suit against the firm or
other partners
○ The firm cannot file a suit against third parties, and
○ The firm cannot file a case against the partners.
● Keeping this in mind it is advisable to get the firm registered.
● According to the India Partnership Act 1932, the partners may get the firm
registered with the Registrar of firms of the state in which the firm is situated.
 PROCEDURE
1. Submission of application in the prescribed form to the Registrar of firms.
The application should contain the following particulars
a. Name of the firm
b. Location of the firm
c. Names of other places where the firm carries on business
d. The date when each partner joined the firm
e. Names and addresses of the partners
f. Duration of partnership
2. Deposit of required fees with the Registrar of Firms
3. The Registrar after approval will make an entry in the register of firms and
will subsequently issue a certificate of registration.