Explain the process of registration of partnership firm

1.	Explain the process of registration of partnership firm
Answer» "The Process of Registering a Partnership under Indian Partnership Act, 1932 The chief cause REGARDING the process of registration of partnership firm is to forward an APPLICATION filling Form No.1. According to the provision of section 58, it should include following points: 1. The firm’s name. 2. The names and residential ADDRESS of the partners. 3. The duration of establishment of the firm. 4. The main place where business TRANSACTION of the firm occurs. 5. The names of other places where functional obligations are carried by the firm. • All the associate partners of the firm needed to sign this undertaking. • All the partners NEED to solicit their signature application form in front of a witness who is an advocate, gazetted officer, or Magistrate of Registered Accountant. "

Answer»

"The Process of Registering a Partnership under Indian Partnership Act, 1932

The chief cause REGARDING the process of registration of partnership firm is to forward an APPLICATION filling Form No.1. According to the provision of section 58, it should include following points:

1. The firm’s name.

2. The names and residential ADDRESS of the partners.

3. The duration of establishment of the firm.

4. The main place where business TRANSACTION of the firm occurs.

5. The names of other places where functional obligations are carried by the firm.

• All the associate partners of the firm needed to sign this undertaking.

• All the partners NEED to solicit their signature application form in front of a witness who is an advocate, gazetted officer, or Magistrate of Registered Accountant.

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