Mark the incorrect statement.
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For an effective registration, it is not necessary that the firm be a going concern at the time of registration.
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A firm may get registered at any time after the creation of partnership.
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There is no period of limitation either for the original registration or recording of subsequent changes.
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The registration under the Partnership Act involves only the registration of certain particulars as distinguished from the registration of a document under the Registration Act.
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None of these
Reveal answer
Fill a bubble to check yourself
A
Correct answer
Explanation
An application for the registration of a partnership firm can be filed only after the commencement of a partnership business. While applying for the registration of a firm, it should be a going concern at the time of registration.