The Indian Partnership Act, 1932 – Formation and Registration of Partnership Firm 0 The Indian Partnership Act, 1932 - Formation and Registration of Partnership Firm 1 / 30 Q.30 Which of the following is not required to be given in an application for registration of a firm Principles places of business Firm name Detail of brancges Capital contribution by all partners 2 / 30 Q.29 Partners are to render true account & full information of all things affecting the firm to any partner only any legal representative of a partner any partner or his legal representative none of these 3 / 30 Q.28 When any partner in a registered firm alters his name or permanent address intimation of the alteration be send by any partner of the firm any agent of the firm the partner himself Any of these 4 / 30 Q.27 Non-registration of a partnership firm is a criminal offence under law illegal under the registration act undesirable a civil offence 5 / 30 Q.26 A partnership firm is required to register it compulsorily at the beginning it within 6 months of its formation before preparation of its account any time 6 / 30 Q.25 The register of firm shall be open to inspection by Partners of firm Creditors of the firm any person Cannot be done 7 / 30 Q.24 When a place not being its principal place of business has been changed ,a statement shall be filled with the registrar of firm by any partner agent of the firm The firm either (a) or (b) 8 / 30 Q.23 Amendment in the registrar of the firm may be made by the registrar suo moto the registrar on application by partners the registrar on direction of the court All of these 9 / 30 Q.22 The mistake in the register of the firms may be rectified by the registrar suo moto the registrar on application by partners the registrar on direction of the court All of these 10 / 30 Q.21 The location of the firm has been changed .State what the firm shall do a statement shall be sent to the registrar of firm intimating the change a statement shall be signed & verified in the specified manner the prescribed fees shall be paid All of these 11 / 30 Q.20 Registration of a partnership is Compulsory voluntary statutory optional 12 / 30 Q.19 Registration of a partnership is complete after the certificate of registration by the registrar of the firm is issued after the registrar of the firm records an entry of the statement in the register on delivery of the duly completed application to the registrar of the firm Any of these 13 / 30 Q.18 In case of an unregistered firm suit cannot be filled against third parties the partners cannot file a suit against a firm set-off exceeding Rs.100 cannot be claimed Any of these 14 / 30 Q.17 Registration of firm is to be done at the time of its formation at any time after its formation before filing any suit against third party Any of these 15 / 30 Q.16 The name of a firm shall not contain words like International Royal National High-tech 16 / 30 Q.15 Application for the registration of a firm shall be made to the registrar of companies the registrar of firms the registrar of societies the state of government 17 / 30 Q.14 The name under which the partnership business is carried is called the Trademark Partenrship firm firm name Registrered name 18 / 30 Q.13 Right of partner To open a bank account on behalf of the firm in own name To carry on the business of the firm to the utmost advantages Remuneration for taking part sell the goods of the firm 19 / 30 Q.12 Contract of Partnership Evidence of partnership Not necessary Does not arise form operation of law Test of partnership 20 / 30 Q.11 Registration of a firm Evidence of partnership Not necessary Does not arise form operation of law Test of partnership 21 / 30 Q.10 Which of the following is not disability of an unregistered firm ? It cannot file a suit against third parties Its partners cannot file a suit against a firm It cannot claim a set-off exceeding Rs.100 It cannot be sued by the third parties 22 / 30 Q.9 As per the accepted view ,the registration of the firm is considered complete when Complete application for the registration is filed with registrar Registrar files the statement & makes entries in the register of the firm Registrar gives the notice of registration to all partners Courts records the statement & certifies the entries in Register of firms 23 / 30 Q.8 Which of the following is not true,about registration of firm It must be done at the time of its formation It may be done at the time of its formation It may be done at any time after its formation It may be done before filing a suit against third party 24 / 30 Q.7 An unregistered firm cannot claim Set on Set off in excess of Rs.100 Set on & set off None of the above 25 / 30 Q.6 Registration of a firm is Compulsory Optional Optional in few cases None of these 26 / 30 Q.5 In the absence of agreement to the contrary all partners are Not entitled to share profits Entitled to share in capital ratio Entitled to share in proportion to their ages Entitled to share profits equally 27 / 30 Q.4 A firm is the name of The Partners The minors in the firm The business under which the firm carries on the business The collective name under which it carries on business 28 / 30 Q.3 Registration of a firm is covered in sec____of the partnership act ,1932 56 57 58 59 29 / 30 Q.2 Which of the following to be given in an Application for registration date when each partner joined the firm original partnership deed bank a/c of the firm permanent a/c no. under IT laws 30 / 30 Q.1 On an application made in this behalf ,the registrar shall furnish a copy of an entry or a portion thereof in the register of the firms duly certified under his hand TRUE Partly True FALSE None of these Your score is LinkedIn Facebook Twitter VKontakte