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Registration of a firm

Registration is the procedure of getting the firm’s name and its relevant particulars recorded in the office of the Registrar of Firms. Registration does not create a partnership, because it comes into existence only by an agreement between two or more persons. The registration provides only a reliable evidence of the existence of a partnership firm.

Need for registration

  • The registration of the firm is not compulsory
  • There is no penalty for the non-registration of a firm
  • The partnership agreement and other transactions remain valid even if the partnership is not registered
  • Registration of the firm becomes necessary at one time or the other as the law has attached certain disabilities with an unregistered firm as compared to a registered firm

Procedure for registration

A firm may get registered at any time i.e. at the time of its formation or any time thereafter.
Sec. 58 requires that the application form is to be filed with the Registrar of Firms for the area or the state in which the place of the business is situated or is proposed to be situated.


Note: The Registrar of Firms is appointed by State government


Note: If any partner refuses to sign the application form for registration, then the firm cannot get registered. In case of refusal by a partner to sign the application form then the firm can apply for registration by dropping the name of such partner. The partner who refused to sign the form will not be a partner in the registered firm.

Completion of registration

The application form should be signed and verified by all the partners, or by their agents specially authorized in this behalf. When the Registrar is satisfied that all the requirements have been duly completed he shall make an entry of the statement in a register called the Register of Firms.
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Note: If any person supplies false or incomplete information to the Registrar, he is punishable with imprisonment which may extend to three months, or with fine, or both.

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