Partnership Act, 1932

Section 24

Registration of firms already existing

⚡ Quick Answer Reference: Section 24 Partnership Act, 1932

Provision: Section 24 of Partnership Act, 1932
Act: Partnership Act, 1932
Classification: commercial
Jurisdiction: India
Liability / Punishment: Punishment for failure to register: fine not exceeding one thousand rupees.

Statutory Content

What does Section 24 of Partnership Act, 1932 say?

Every firm which, at the commencement of this Act, was carrying on business in any part of India, shall, within a period of one month from the commencement of this Act, make an application to the Registrar in the prescribed form for registration of the firm.

Indian StandardSection 24, Partnership Act, 1932

Bluebook (21st ed.)Partnership Act, 1932, § 24 (India)

Court Pleading StandardSection 24 of the Partnership Act, 1932

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Criminal Liability

Punishment under Section 24 Partnership Act, 1932

Punishment for failure to register: fine not exceeding one thousand rupees.

Common Questions about Section 24 Partnership Act, 1932

What is Section 24 of Partnership Act, 1932?

Section 24 of the Partnership Act, 1932 (Partnership Act, 1932) defines and regulates "Registration of firms already existing". The section states: Every firm which, at the commencement of this Act, was carrying on business in any part of India, shall, within a period of one month from the commencement of this Act, make an app...

What is the punishment under Section 24 of Partnership Act, 1932?

Under Section 24 of Partnership Act, 1932, the prescribed liability/punishment is: Punishment for failure to register: fine not exceeding one thousand rupees.

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