Multiple choice

Registration of a firm is

  1. mandatory

  2. desirable

  3. not compulsory

  4. directory
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Under the Indian Partnership Act, 1932, registration of a firm is not compulsory for its existence. A partnership firm can be formed and operate without registration. However, registration provides certain benefits like the ability to file suits in court.

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