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Effect of Non-Registration of Partnership Firm
Under which Act is a partnership firm governed in India?
The Indian Partnership Act, 1932 (IPA).
Is registration of a partnership firm compulsory or optional?
Optional - the firm exists from the date of the partnership agreement.
When does a partnership firm come into existence?
The moment partners agree to share the profits of a business.
Under which section is a firm registered with the Registrar of Firms?
Section 58 of the Indian Partnership Act, 1932.
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