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Rights of partner in a partnership firm that is not register

Harshad Banker (Business) (40 Points)

08 September 2016

I want to know if a partneship firm is not registered & only the partners have signed the partnership deed mutually will the partnership act be fully applicable to the firm? Do the partners have full rights as per the partnership act or is there any dilution in legal rights? What is the impact of the dilution on the partners in case of any disputes or need of dissolution?

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2 Replies

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 13 September 2016

Partnership Act is applicable in case of partnership firms whether registered or not.

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Harshad Banker (Business) (40 Points)
Replied 22 September 2016

Thank you Mr. Agrawal for your time to respond to my query. In case of dispute if partners decide to part ways is it possible to give firm dissolution notice to the other partner in this case?