Partnership Act - Part 2

38 Questions | Total Attempts: 79

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Partnership Quizzes & Trivia

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


Questions and Answers
  • 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.

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