Commercial Applications
A partnership firm cannot sue a third party in a court of law unless:
- It has a minimum of three partners.
- It is registered with the Registrar of Firms.
- It operates in more than one state.
- It has a partnership deed.
Partnership
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Answer
It is registered with the Registrar of Firms.
Reason — An unregistered partnership firm cannot enforce its claims against a third party in a court of law. To be able to sue a third party, the firm must first get itself registered with the Registrar of Firms by submitting the prescribed statement along with the prescribed fee.
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Registration of a partnership firm is compulsory under the Partnership Act, 1932.
- True
- False