The unregistered partnership company is made up of the conclusion of an agreement by the partners of the proposed company. The unregistered partnership company, as indicated as lawful, allows the partners to continue the transaction in the manner specified and provided for in the agreement. [ix] Wiki How Staff, How to register a partnership firm in India, WIKIHOW (February 22, 2020, 12:06), www.wikihow.com/Register-a-Partnership-Firm-in-India. Your registration app contains basic information about your business, including the name and business address of the partnership, the names and addresses of all partners, the length of the partnership, and the date you started your business. Each partner must sign the application in the presence of a notary who certifies the notarized signature. Partnership authorization is an agreement between partners that mentions each partner`s rights, obligations, profit shares and other obligations. We need to decipher a little. We are talking about the dissolution of the jointly created company by partners. There is a difference between the dissolution of the partnership and the dissolution of the company.
A business partner may leave the company for reasons of age, death, illness or other reasons. Such cases concern the dissolution of the partnership and not the company. Other partners can continue to manage the joint operation. This does not lead to the dissolution of the company. In accordance with the Partnership Act 1932, the dissolution of a partnership company can be done in the following way. If the partners wish to register the partnership company, they must provide the Registrar of Partnerships with the partnership and address references of the company and the partners. It is therefore also necessary to present a sworn statement certifying that all mentions and documents mentioned in the document are correct. The registration of a partnership company can take place at any time – before the creation of a business or at any time during the continuation of the partnership. Although there is nothing to prevent you from preparing your own partnership agreement, we recommend that you have a legal expert on the contract. To be legal, your partnership must be printed on stamp paper and signed by each partner. The signatures of the partners must be signed in front of a notary. The notary calls each signature valid.
[ix] However, the company`s estate is not necessarily seized by a partner`s insolvency.