NORMS & PROCEDURES FOR INITIAL REGISTRATION OF FIRMS
- Under provision of Indian Partnership Act, 1932 minimum number of partner is 2(two) and maximum numbers of partner is 20 (twenty).
- Under Section 58, of the Indian Partnership Act, 1932 the registration of a firm may be affected at any time by sending by post or delivering to the Registrar of the area in which any place of business of the firm is situated or proposed to be situated, a statement in the prescribed form and accompanied by the prescribed fee etc. as per prescribed formed issued vide Govt. letter FTX.185/2001/63 dtd. 20th Dec. 2001 appended below.
- A firm name shall not contain any of the following words, namely:-
Crown, Emperor, Empress, Empire, King, Queen, Royal or words expressing or implying the sanction, approval or patronage ofGovernment except when the State Government signifies its consent to the use of words as part of the firm name by order in writing.
“Indian”, “National” as per India Government instructions issued from time to time