Under the partnership Act, firm registration is optional, and not essential. This is clear from the plan of section 58 and 59. A suit by one partner to exact other partners to join in registration of the partnership is maintainable. The contract of partnership does not cancel a partnership of non registration it affects the right of a partnership registration is to make the third parties for recovery amounts due from them to the partnership. A partnership in a firm is called partnership at-will.
The name of partnership in a firm
The partners may select any firm name which will dishonestly mention that their business in the same as some other competing concerns. They cannot use words like president and royal, etc... which will mention that the firm is enjoying the help of the state. The names of all the partners may be used together as the firm name or the name of any particular partner may be used.
It may happen that the name of a partner is used as the firm name, but the name is exactly with the firm name of a competitor’s mark. A man is allowed to use his own name for carrying on a business even though it is identical with the name of another person carrying on a similar business.
Firm Registration in Chennai
The Effect of Firm Registration
The firm registration may be affected at any time by post or by sending to the locality of the recorder of firms. The recommended fees followed by the statement in the duty, the following details are declaring
The name of firm registration
The field of business of the firm or the principal part
Where the firm delivers on business names to any other places
The date when each partner combined in the firm
The address and names of the partners
The term of a firm
All the partners of the firm shall be verified and signed the report behalf of the authorized agents.On receipt of the statement and the fees, the registrar records an access to the reports in the secretary of firms is considered to be registered in Chennai. The register of firms can be inspected and copies of entries taken by on payment by any person to necessary fees.
The Classes Of Partners in a firm
The partners can be classified as below :
Active Partner :
An active partner is the one who actually participates in the firm of business. An agreement is only to becomes a person is partner of the firm
Nominal Partner :
These partners join the firm by agreement but do not take any effective side in the business. Their liabilities are same as of active partners.
Sub- Partner :
The transfer of a share of a partner’s interest in a firm is called a sub partner. The rights and liabilities are limited.
3. Under the partnership Act, firm registration is optional, and not essential.
This is clear from the plan of section 58 and 59.
A suit by one partner to exact other partners to join in registration of the
partnership is maintainable.
The contract of partnership does not cancel a partnership of non registration it
affects the right of a partnership registration is to make the third parties for
recovery amounts due from them to the partnership.
A partnership in a firm is called partnership at-will.
4. The partners may select any firm name which will dishonestly mention that their
business in the same as some other competing concerns.
They cannot use words like president and royal, etc... which will mention that the
firm is enjoying the help of the state.
The names of all the partners may be used together as the firm name or the name
of any particular partner may be used.
5. It may happen that the name of a partner is used as the firm name, but the name
is exactly with the firm name of a competitor’s mark.
A man is allowed to use his own name for carrying on a business even though it is
identical with the name of another person carrying on a similar business.
7. The firm registration may be affected at any time by post or by sending to the
locality of the recorder of firms. The recommended fees followed by the statement in
the duty, the following details are declaring
1. The name of firm registration
2. The field of business of the firm or the principal part
3. Where the firm delivers on business names to any other places
4. The date when each partner combined in the firm
5. The address and names of the partners
6. The term of a firm
8. All the partners of the firm shall be verified and signed the report behalf of the
authorized agents.
On receipt of the statement and the fees, the registrar records an access to the
reports in the secretary of firms is considered to be registered in Chennai.
The register of firms can be inspected and copies of entries taken by on
payment by any person to necessary fees.
9. The partners can be classified as below :
Active Partner :
An active partner is the one who actually participates in the firm of business. An agreement is only
to becomes a person is partner of the firm
Nominal Partner :
These partners join the firm by agreement but do not take any effective side in the business. Their
liabilities are same as of active partners.
Sub- Partner :
The transfer of a share of a partner’s interest in a firm is called a sub partner. The rights and
liabilities are limited.
10. The Incorporation of Certificate
On the registration of a directive of a company, the officer shall certify under his
hand that the company is incorporated, and in the instance of a limited company, that
the company is limited in the companies act 1956 under the section 34.
It is indirect that a directive will be registered only when the other basic
documents are already with the registrar and he is satisfied that the documents
produced are in large consent with the procedure to company registration in
Chennai.
In other words a company is not absolutely incorporated in the letter alone.
11. A company is registered whether a public limited company or private limited
company in order to gain under the companies Act 1956.
The certificate of incorporation may be presenting the effect of registration, but it
may yet grant the registration.
The companies act 1956 under the section 35 makes it clear that positive information
will be defined to things example secondary to company registration.
12. The certificate of incorporation does not allow a company to begin their business,
unless the registrar of companies approves that the effect of registration company is
allowed to launch a business and that certificate shall be certain information that the
company is so permitted under the companies act 1956 of section 149 .
A private limited company that is a secondary of public limited company.
13. The date of incorporation is specified from the certificate of incorporation, the
directive of such subscriber and other persons, as may from time to time be
associates of the company that shall be a incorporate body by the name have in the
directive, every roles of an company with the effect of registration is formed to
qualified of operating and having constant series and a common seal, but with
such LLP on the segment of the associates to present to the benefits of the company
in Chennai with the action of its being in the act 1956.