Amendment status not verified — confirm the current text below against the official source.
Subs. by Act 24 of 1934, s. 2 and the First Schedule, for “section 55”. 24 the same, at the rate of rupees two thousand per year or part thereof in respect of the period between the date of expiry of the period specified in that section and the date of making the payment.”. [Vide Maharashtra Act 16 of 2018, s. 3] Amendment of section 69 of Act IX of 1932.—In section 69 of the principal Act,— (a) to sub-section (1), the following proviso shall be added, namely :— “Provided that the requirement of registration of firm under this sub-section shall not apply to the suits or proceedings instituted by the heirs or legal representatives of the deceased partner of a firm for accounts of the firm or to realise the property of the firm.”; (b) after sub-section (2), the following sub-section shall be inserted, namely :— “(2A) No suit to enforce any right for the dissolution of a firm or for accounts of a dissolved firm or any right or power to realise the property of a dissolved firm shall be instituted in any Court by or on behalf of any person suing as a partner in a firm against the firm or any person alleged to be or to have been a partner in the firm, unless the firm is registered and the person suing is or has been shown in the Register of Firm as a partner in the firm : Provided that the requirement of registration of firm under this sub-section shall not apply to the suits or proceedings instituted by the heirs or legal representatives of the deceased partner of a firm for accounts of a dissolved firm or to realise the property of a dissolved firm.”; (c) in sub-section (3),— (i) for the words, brackets and figures “sub-sections (1) and (2)” to words, brackets, figures and letter “sub-sections (1), (2) and (2A)” shall be substituted ; (ii) for clause (a), the following clause shall be substituted, namely :— “(a) the firms constituted for a duration upto six months or with a capital upto two thousand rupees ; or” [Vide Maharashtra Act 29 of 1984, s. 13] Insertion of section 69A in Act IX pf 1932.—After section 69 of the principal Act, the following section shall be inserted, namely :—