Non-registration of a firm will affect in the following manner-
A)on dissolution of the firm, remaining partners will have to approach to the court for settlement of their dues.
B)bank will not allow an unregistered firm to open an account.
C)no partner shall be in a position to institute a suit against any other partner of the firm
D)none of these

Question

Quizplus · Accepted Answer

Non-registration of a firm primarily affects the legal recourse available to the partners. Specifically, it restricts a partner's ability to sue other partners or the firm in a court of law for enforcing rights arising from the contract or the Partnership Act.

Non-Registration of a Firm Will Affect in the Following Manner-