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Registrar of firms under Section 57 of the Indian Partnership Act is appointed by:
- a)Central Government
- b)State Government
- c)Trade Associations
- d)Local Bodies
Correct answer is option 'B'. Can you explain this answer?
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Registrar of firms under Section 57 of the Indian Partnership Act is a...
Section 57 in The Indian Partnership Act, 1932
57. Appointment of Registrars.—
(1) The State Government may appoint Registrars of Firms for the purposes of this Act, and may define the areas within which they shall exercise their powers and perform their duties.
57. Appointment of Registrars.—
(1) The State Government may appoint Registrars of Firms for the purposes of this Act, and may define the areas within which they shall exercise their powers and perform their duties.
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Registrar of firms under Section 57 of the Indian Partnership Act is a...
Registrar of Firms under Indian Partnership Act
The appointment of the Registrar of Firms is a crucial aspect of the Indian Partnership Act, 1932. This role is essential for the regulation and registration of partnerships in India.
Authority for Appointment
- The Registrar of Firms is appointed by the **State Government**.
- This decentralization allows each state to manage its own partnership registrations, ensuring that local laws and regulations can be effectively implemented.
Function of the Registrar
- The Registrar plays a vital role in:
- **Registering partnerships**: Ensures that partnerships are legally recognized.
- **Maintaining records**: Keeps essential details about registered firms, which can be crucial for legal and commercial purposes.
- **Providing information**: Acts as a source of information regarding registered partnerships, which can be accessed by public and private entities.
Importance of State-Level Appointment
- By entrusting the State Government with this responsibility:
- It allows for **localized governance**, catering to the specific needs and conditions of each state.
- Ensures compliance with **state-specific laws** and regulations, promoting better administration and oversight.
Conclusion
In summary, the Registrar of Firms, appointed by the State Government, serves as a key figure in the registration and regulation of partnerships in India. This appointment structure facilitates a tailored approach to partnership governance, enhancing legal compliance and operational efficiency across various states.
The appointment of the Registrar of Firms is a crucial aspect of the Indian Partnership Act, 1932. This role is essential for the regulation and registration of partnerships in India.
Authority for Appointment
- The Registrar of Firms is appointed by the **State Government**.
- This decentralization allows each state to manage its own partnership registrations, ensuring that local laws and regulations can be effectively implemented.
Function of the Registrar
- The Registrar plays a vital role in:
- **Registering partnerships**: Ensures that partnerships are legally recognized.
- **Maintaining records**: Keeps essential details about registered firms, which can be crucial for legal and commercial purposes.
- **Providing information**: Acts as a source of information regarding registered partnerships, which can be accessed by public and private entities.
Importance of State-Level Appointment
- By entrusting the State Government with this responsibility:
- It allows for **localized governance**, catering to the specific needs and conditions of each state.
- Ensures compliance with **state-specific laws** and regulations, promoting better administration and oversight.
Conclusion
In summary, the Registrar of Firms, appointed by the State Government, serves as a key figure in the registration and regulation of partnerships in India. This appointment structure facilitates a tailored approach to partnership governance, enhancing legal compliance and operational efficiency across various states.
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Registrar of firms under Section 57 of the Indian Partnership Act is appointed by:a)Central Governmentb)State Governmentc)Trade Associationsd)Local BodiesCorrect answer is option 'B'. Can you explain this answer?
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Registrar of firms under Section 57 of the Indian Partnership Act is appointed by:a)Central Governmentb)State Governmentc)Trade Associationsd)Local BodiesCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Registrar of firms under Section 57 of the Indian Partnership Act is appointed by:a)Central Governmentb)State Governmentc)Trade Associationsd)Local BodiesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Registrar of firms under Section 57 of the Indian Partnership Act is appointed by:a)Central Governmentb)State Governmentc)Trade Associationsd)Local BodiesCorrect answer is option 'B'. Can you explain this answer?.
Registrar of firms under Section 57 of the Indian Partnership Act is appointed by:a)Central Governmentb)State Governmentc)Trade Associationsd)Local BodiesCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Registrar of firms under Section 57 of the Indian Partnership Act is appointed by:a)Central Governmentb)State Governmentc)Trade Associationsd)Local BodiesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Registrar of firms under Section 57 of the Indian Partnership Act is appointed by:a)Central Governmentb)State Governmentc)Trade Associationsd)Local BodiesCorrect answer is option 'B'. Can you explain this answer?.
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