Tag: registration of partnership firm

Questions Related to registration of partnership firm

E-form no 18 is filled for _____________________.

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. registered address, of company

  2. head office address, of company

  3. regional office address of company

  4. fall the address of company

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Correct Option: A

For the formation of the contract of sale of goods, there should be ________________.

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. two parties

  2. one party

  3. more than 2 parties

  4. both A & B

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Correct Option: A

An agreement of agency must make clear the _______of a person to act on behalf of another person.

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. intention

  2. certainty

  3. involvement

  4. none of the above

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Correct Option: C

All the agreements are contracts _____________.

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. if they are on stamp paper

  2. if they are made by the free consent of parties

  3. if they are registered

  4. all of these

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Correct Option: D

Sec. 25 companies should pay stamp duty for registering MOA and AOA _______________.

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. Yes

  2. No

  3. Not specified

  4. None of the above

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Correct Option: B

Unregistered firm can bring an action in any court of Law against ________________.

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. A partner who steals the property of the firm

  2. A partner who purposely damages the property of the firm

  3. Both a and b

  4. None of the above

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Correct Option: C

One out of the below mentioned statements is false. Pick it ________________.

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. A registered company whose members have a liability limited, at the time of winding up of company their liability becomes unlimited.

  2. A publicly owned company is a company whose shares are held by public.

  3. When companies shares are held by individuals who are associated with the management of firm it is closely held company.

  4. When a company gods public its true market value is revealed

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Correct Option: A

If the remaining partner want to continue the business, after the retirement of a partner, a new partnership agreement__________.

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. necessary

  2. not necessary

  3. optional

  4. none of above

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Correct Option: A

The partnership deed is also called as _______________.

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. Partnership agreement

  2. Constitution of partnership

  3. Articles of partnership

  4. All of the above

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Correct Option: D
Explanation:

According to the Partnership Act, 1932 the relation between the partners of a partnership firm can only be created through a mutual agreement between the partners which will be presented in the manner of contract that can be verbal as well as written also. But nowadays written is given more preference due to legal requirements. The written partnership agreement which has all rules and regulations implied on all the partners mention thereof is called partnership deed. A partnership deed is also called partnership agreement or constitution of partnership or articles of partnership. 

Registration of partnership is _________.

business organisation and correspondence partnership 3 - registration of a partnership firm partnership deed registration of partnership registration of partnership firm

  1. Compulsory

  2. Not compulsory

  3. Compulsory if its turnover exceeds specified amount

  4. Compulsory if it is liable to tax audit under the Income Tax Law

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Correct Option: B
Explanation:

A partnership basically refers to the contract between two or more people who have agreed to carry on certain business in order to achieve common goals. 

Under Partnership Act, 1932 registration of partners and the partnership firm is not compulsory however it is advised to get the firm registered for many legal requirements.