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Frequently Asked Questions
 
SlNo. Question Answer
1 What is the maximum and minimum number of persons to form a partnership firm There must be minimum of 2 persons to form a partnership firm. If the firm is intended for financial transactions maximum of 10 and for other purposes maximum of 20 persons can form a firm
2 Can a firm or company become partner of another firm A firm cannot become partner of another firm but a company can become partner of a firm
3 What is meant by a Society or an Association.Why should it be registered A Society / Association is an organized group of people with the sole aim and objectives of non-profitable service. Registration of such an association will have legal recognition. It will be possible to run society legally with discipline. Society can sue and be sued
4 How will I receive my Registration Certificate When your application gets approved RegisteringAuthority will print, sign, scan and will send theRegistration Certificate to the mail address mentionedin the application.
5 What is the meaning of firm Partnership firm is an organization of two or more persons managed by anyone or all of them with intention to run business or industry and share the profits.send theRegistration Certificate to the mail address mentionedin the application.
6 Can a firm be given any name Except names like Crown, Emperor, Empress, Imperial, King, Q ueen Royal pr any name signifying authority of Government any name may be given
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