Multiple choice

Registration of a firm is

  1. compulsory

  2. optional

  3. occasional

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Registration of a partnership firm is optional under the Indian Partnership Act, 1932. Unregistered firms can operate legally but face limitations - they cannot enforce contract claims in court. Registration provides legal benefits but is not compulsory for operation. 'Occasional' is not a recognized category in this context.

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