Partnership Act - Part 2

38 Questions | By Sweetsalman123 | Last updated: Mar 21, 2022 | Total Attempts: 79

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Questions on : 1)Introduction and Procedure for Registration. 2)Change of Particulars after Registration of a Firm. 3)Effects or Disabilities of Non-Registration of a Firm. __________________________________________________ No. Of Questions to be Answered : Random 20 out of 38

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1.

Registration of partnership firm with the Registrar of Firms, is _________
- A.
  
  Compulsory
- B.
  
  Optional
- C.
  
  Required under Section 54
- D.
  
  Required under Section 55.
2.

For non-registration of the firm, the Indian Partnership Act 1932
- A.
  
  Imposes penalty on firm.
- B.
  
  Imposes penalty on partners.
- C.
  
  Imposes penalty on both.
- D.
  
  Provides for certain disabilities only.
3.

Though the registration of a firm is optional, yet indirectly it becomes necessary due to the reason that
- A.
  
  A firm legally comes into existence only on registration.
- B.
  
  A film can deal with third parties only on registration.
- C.
  
  The disabilities due to non-registration are removed only on registration.
- D.
  
  Both (a) and (b).
4.

The legal provisions relating to registration of firms are provided in
- A.
  
  Section 56 to 71
- B.
  
  Section 50 to 55
- C.
  
  Section 72
- D.
  
  None of these.
5.

The registration of a firm is effected by filing a prescribed application along with the prescribed fee with the __________.
- A.
  
  Registrar of companies
- B.
  
  Registrar of firms
- C.
  
  Registrar of conveyances
- D.
  
  Competent court.
6.

The prescribed application form for registration of the firm should be deposited with the Registrar of Firms of that area.
- A.
  
  Which is convenient for partners.
- B.
  
  In which the working partner of the firm resides.
- C.
  
  In which any place of business of firm is situated or proposed to be situated.
- D.
  
  Which is agreed by all the partners for the purposes of registration.
7.

A partnership firm may be got registered
- A.
  
  At the time of its formation.
- B.
  
  At any time after formation.
- C.
  
  Either (a) or (b).
- D.
  
  None of these.
8.

Which of the following statement, about the registration of a firm, is incorrect ?
- A.
  
  It may be effected before filing a suit against third party.
- B.
  
  It may be effected at any time after its formation.
- C.
  
  It may be effected at the time of its formation
- D.
  
  It must be effected at the time of its formation.
9.

The application form for registration of firm should state the
- A.
  
  Name of firm and its place of business.
- B.
  
  Name and address of partners and date of joining the firm.
- C.
  
  Duration of the firm.
- D.
  
  All of these.
10.

The application form for registration should be signed by
- A.
  
  All the partners or their authorised agents.
- B.
  
  The active partners only.
- C.
  
  Minimum two partners even if there are more then two.
- D.
  
  The managing partner only.
11.

As per the accepted view, the registration of the firm is considered complete when
- A.
  
  Complete application for registration is filed with the Registrar.
- B.
  
  Registrar files the statement and makes entries in the register' of firms'.
- C.
  
  Registrar gives notice of registration to all die partners.
- D.
  
  Court records the statement and certifies the entries in the'register of firms'.
12.

On any partner's refusal to sign the application form for registration, the registration of the firm.
- A.
  
  Can be obtained by dropping the name of such partner form the firm.
- B.
  
  Can be obtained without dropping the name of such partner.
- C.
  
  Cannot be obtained with such a form which is not signed by all the partners
- D.
  
  Both (a) and (c).
13.

After the registration of a firm, a change in the firm name requires almost a new registration.
- A.
  
  True, as all the formalities required for registration are to be complied.
- B.
  
  False, as in this case only an information to the registrar about the change is sufficient.
14.

After the registration of a firm, a change in the principal place of business of the firm requires
- A.
  
  A simple information to the registrar.
- B.
  
  A simple information to the court.
- C.
  
  An affidavit of a managing partner about the change.
- D.
  
  Almost anew registration.
15.

After the registration of a firm, for closing of an old branch and opening of a new branch, only an information is required to be given to the Registrar.
- A.
  
  True, as it is the requirement of law.
- B.
  
  False, at it also requires almost a new registration.
- C.
  
  An agent-of the firm.
- D.
  
  Either (b) or (c).
16.

After the registration of a firm, a change in the name or permanent address of any partner requires almost anew registration.
- A.
  
  True, as it is the requirement of law.
- B.
  
  False, as in this case only an information, to the registrar, is required to be given.
17.

An information to the Registrar about a change in the name or permanent address of any partner, after registration, is required to be given by
- A.
  
  Concerned partner only.
- B.
  
  All partners jointly.
- C.
  
  Any partner or agent of firm
- D.
  
  None of these.
18.

Where a new partner joins the firm after its registration, such a change in the constitution of the firm, requires
- A.
  
  Almost a new registration.
- B.
  
  A notice, along with date of joining to the Registrar.
- C.
  
  A simple information to the court.
- D.
  
  None of these.
19.

Where an existing partner retires form the firm after its registration, such a change in the constitution of the firm, requires
- A.
  
  Almost a new registration.
- B.
  
  A notice along with date of retirement, to the Registrar.
- C.
  
  An indemnity bond form a retiring partner.
- D.
  
  None of these.
20.

A notice to the Registrar about the admission or retirement of a partner, after registration, is required to be given by
- A.
  
  All partners jointly.
- B.
  
  Any continuing partner.
- C.
  
  New or retiring partner.
- D.
  
  Either (b) or (c).
21.

The notice of dissolution of a registered form is required to be sent to the Registrar of Firms by any person who was a partner immediately before dissolution.
- A.
  
  True, it is the requirement of law [Section 63(1)]
- B.
  
  False, as there is no such provision in the Indian Partnership Act, 1932.
22.

The registration of a firm is optional, but indirectly the Indian Partnership Act, 1932 has effectively ensured the registration of firms without making it compulsory.
- A.
  
  True, as an unregistered firm certain disabilities.
- B.
  
  False, as the disabilities are of least importance.
23.

For the enforcement of any right arising form a contract or conferred by the Indian Partnership Act, a partner of an unregistered firm cannot file a suit against the
- A.
  
  Firm
- B.
  
  Present partners
- C.
  
  Past partners
- D.
  
  All of these
24.

A partner can file a suit for the enforcement of his rights, arising form a contract, against the firm or his present or past partners if the
- A.
  
  Firm is registered.
- B.
  
  Name of such partner appears as a partner in the register of firms.
- C.
  
  Both (a) and (b) as it is the requirement of law.
- D.
  
  None of these, as a partner can never file a suit against the firm or partners.
25.

A partner of an unregistered firm can file a suit against the firm or other partners, if the firm is got registered before filing the suit
- A.
  
  True, as after registration partner's disability to file such suit is removed.
- B.
  
  False, as this disability cannot be rectified.