Bare ActsThe INDIAN PARTNERSHIP ACT 1932

Section 59

Amendment status not verified — confirm the current text below against the official source.

Registration- When the Registrar is satisfied that the provision of section 58 have been duly complied with he shall record an entry of the statement in a register called the Register of firms, and shall file the statement. Short Note Sec. 59. Registration of firm takes effect from the date of entry in register of firm CIT AP vs. Jaya Laxmi Rice Mills, AIR 1971 SC 1015 (1971) 1 SCC 280- Recording of alterations in firm name and principal place of business - (1) when an alteration is made in the firm name or in the location of the principal place of business of a registered firm, a statement may be sent to the Registrar accompanied by the prescribed fee specifying the alteration, and signed and verified in the manner required under section 58. 2) When the registrar, is satisfied that the provisions of sub - section 91) have been duly complied with he shall amend the entry relating to the firm in the Register in firms accordance with the statement, and shall file it along with the statement relating to the firms filed under section 59. Noting of closing and opening of branches -- When a registered firm discontinues business at any place or begins to carry on business at any place, such place not being its principal place of business, any partner or agent of the firm may send intimation thereof to the Registrar, who shall make a note of such intimation in the entry relating to the firm in the Register of firms, and shall file the intimation along with the statement relating to the firm filed under section 59. Noting of changes in names and addresses of partners -- When any partners in a registered firms alters his name or permanent address, an intimation of the alteration may be sent by any partner or agent of the firm to the Registrar, who shall deal with it in the manner provided in Section 61. Recording of changes in and dissolution of a firm -(1) When a change occurs in the constitution of a registered firm any incoming continuing or outgoing partners and when a registered firm is dissolved any person who was a partner immediately before the dissolution or the agent of any such partner or 'person specially authorised in this behalf may give notice to the Registrar of such change or dissolution specifying the date thereof and the Registrar shall make a record of the notice in the entry relating to the firms in the Register of Firms, and shall file the notice in along with the statement relating to the firms files under section 59. 2) Recording of withdrawal of a minor - When a minor who has been admitted to the benefits of partnership in a firm attains majority and elects to become or not to become a partner, and the firm is then registered firm; he, or his agent specially authorised in this behalf, may give notice to the Registrar that he has or has not become a partner, and the Registfar shall deal with the notice in the manner provided in sub section (1). Short Note Sec 63 - Application for recording change in the register of firm can be sent by post - M/s Harijan Book House vs Registrar of firms, AIR 1988 Guj. 188 1988 Guj L.R. 11:" 1988(1) GUI 1

Section 59 – The INDIAN PARTNERSHIP ACT 1932 | DailyLaw.ai