a) Polite words For 3 rd Mandatory field some Figure/Value from report has to be mentioned. Participate in the Sanfoundry Certification contest to get free Certificate of Merit. According to the book Effective Business Communication, by Ronnie A. Bouing, the following are parts of a business letter: Heading (Letterhead) – This usually displays the name of the institution represented by the author, as well as the corporate name and business address. c) Above the address of the writer When you apply for gst they asked you to write the legal name as mentioned in pan card if firm or company has pan card you have to write same name as pan card of firm and company. b) The date A licensing company, advertising group, or law firm will have virtually no cost of goods sold compared to a typical manufacturing enterprise since they are selling a service and not a tangible product. To practice all areas of Professional Communication, here is complete set of 1000+ Multiple Choice Questions and Answers. © 2020 Copyright © Intuit India Software Solutions Pvt. Section 40 of Indian Partnership Act, 1932 allows the dissolution of a partnership firm if all the partners agree to dissolve it. The partners forming part of a partnership business entity can at their will choose any name for their business. Suppose, in any given year, of the total initial capital of Rs 3 lakhs, we use Rs 50k for trading and Rs 2.5 lakhs for investment (10-months period). Address (In this Clause, address of the assessee is to be mentioned (that were furnished to IT Department) or Registered Address is to be mentioned (in case of the company). d) 2 cms a) Beginning of the letter As the title pretty much says, how should we mention a project name on a resume or CV where the actual name can't be revealed due to a non-disclosure agreement.Funny it may sound, while the technology and overall purpose can be mentioned, the actual name can't be revealed. After receiving the PAN Card, the partnership firm must open a current account in the name of the firm. That is to say, their personal assets can be used to pay off the outstanding debts of the partnership firm. Information with regards to the mode of arbitration of disputes. Ajith. MANILAL AND SONS (IN CONNECTED APPEALS) DATE OF JUDGMENT: 07/10/1960 BENCH: IMAM, SYED JAFFER BENCH: IMAM, SYED JAFFER SARKAR, A.K. 2. prefix is not a necessity. The space to be left from the top is ___ Details about method of changing the partnership rights in case of expulsion of a partner. Most contracts name the parties in the introductory paragraph. 6. Second, a firm should … So, let’s understand what is partnership form of business and how partnership firm registration takes place. b) Name of the firm b) 2.5 cms Name Clause: A Company is a legal entity. This is however subject to the following rules. d) On the last page of the letter Name, principal address and a short outline of the nature of the business undertaken by the partners. (p) Applicants making payment by cheque shall deposit a local cheque (drawn on any bank) with any HDFC Bank branch across the country (except Dahej). A partner cannot transfer his share to any other person. 2.1 Statements of case and other documents drafted by a legal representative should bear his/her signature and if they are drafted by a legal representative as a member or employee of a firm they should be signed in the name of the firm. Mother's Name: This is an optional field. Additionally, contact details, email and website address, if any, must be incorporated in such documents mentioned from April 1, 2014. You May Also Read:Types of GST InvoicesTry Invoicing Software – 3O Days(Trial)Generate GST Invoice Format in Word & ExcelExport Invoice Under GSTAdvantages of GSTGST Audit ChecklistDepreciation MethodsCheck GST – HSN Code  GST Exemption ListPartnership Firm Registration, Generate GST Invoice Format in Word & Excel. In QA section here, it is mentioned that Demat account cannot be opened in the name of the firm but any one partner. View Answer, 10. b) Below the signature column What should I do , if some other person’s name is mentioned in the Company/ Firm ITR? View Answer, 3. However under the Income Tax Act, a firm can be assessed to tax independently of its partners. Partnership firm can be registered by sending an application in Form No. The Partnership form of business activity can be formed only on the basis of the existence of a business activity. A partnership firm should not contain the following words in its name. This means each partner is a principal in himself who can act in his own right. https://quickbooks.intuit.com/in/resources/legal/partnership-firm-registration/. All of the firm's assets are about to be sold in order to pay the following claims against the firm: bondholders, preferred stockholder, common stockholders, and federal income taxes. However, the partners can choose to register the firm with the Registrar of Firms. The name of the partnership firm should consider the rules mentioned in the above section while choosing a name for the partnership firm. a) Information of the quality of the order 15.Whether a Firm can register on UDIN Portal? b) Below the address of the writer Please contact your financial or legal advisors for information specific to your situation. Further, the size of the business undertaken is not big enough for a company form of organization to be adopted. The partnership Firm may continue as long as the partners wish to do so. d) With kind regards Further, the nature of business is such that it requires increased supervision and control, division of work and sharing of risks. The name should not be too similar to any of the names of the existing firms engaged in similar businesses. Theod. Partnership is another important form of business organization apart from sole proprietorship and company form of business structures. He may however do so on the consent of other partners. Explanation: The name of the firm or businessman to whom the letter is addressed should be written on the first page of the letter to the left of the page, just below the address of the writer. View Answer. Post. d) To professional men It is not mandatory to register partnership form of entity. Following documents along with the prescribed fee must be submitted to the Registrar. Also, it must be sent to the Registrar within a period of one year from the date of formation of the partnership firm. Name of the assessee (Here the name of the assessee is to be mentioned, and in case such audit is carried in respect of any branch, name of that branch is to be mentioned) 2. It is necessary for all the firms to apply for registration with the Income Tax Department and obtain a PAN Card. PETITIONER: PURUSHOTTAM UMEDBHAI & CO. Which of these should not be present in a business letter? Each Partner is personally liable for all losses arising in the course of business. The key elements of the partnership deed are as follows: Partnership form of business entities come under the Indian Partnership Act, 1932. Which of these is not a mode of address for any letter? The mode of payment must be stated in business letters. Join our social networks below and stay updated with latest contests, videos, internships and jobs! Generally, if you're talking about issues in the business world, then Further, the persons forming a partnership are collectively known as “firm”. Partnership firm comes into existence based on an agreement between two or more partners agreeing to undertake the business. 20. a) 5 cms 1. Name (With Documentary Proof): The name as it should appear in the Electoral Roll and Electors Photo Identity Card (EPIC) should be Furnished. b) Formal words Write Answer. This is when partnership form of business can be undertaken by the entrepreneur. a) Right of the page However, if the firm is not registered, it will be deprived of certain legal benefits. If not, then bank Attested Letter is required on letter head of company. This means it is completely a choice of partners whether to register such form of business entity. a) True An update on what you are legally required to include on your website and emails. There are circumstances where it would not be possible for an entrepreneur alone to arrange for the requisite capital and resources. The name of the Constituency should be mentioned in the blank space. A partnership firm therefore enjoys a quasi independent status. Thus, persons who agree to form a partnership form of business entity are individually called as partners. It is important to note that registration with the Registrar of Firms is not the same as the registration with the Income Tax Department. (27) And he shall confirm.-- The subject of the sentence is ambiguous. View Answer, 7. b) False Further, it helps to avoid any discrepancy or disagreement with regards to the role of each partner and the benefits that accrue to them. It must be noted that the Partnership Deed created by the partners must be on a stamp paper as the Indian Stamp Act. According to this Act, it is not mandatory to register partnership firms. The business can be anything and include any trade, industry or profession. But, partners running the business need to take consent of other partners for making the requisite decisions. He began his professional life as a teacher, but then switched to the banking and finance sector in various roles, working at Bear Stearns before forming his own Duties, powers and the liability of each partner. B I. You are required to pay taxes for the partnership under this PAN regardless of … First, a firm should determine if the intellectual property in question is directly related to its competitive advantage. It secures to the company de facto monopoly of corporate trading under a particular name. However, the firm so registered must use brackets and the word (Registered) after its name. Married woman applicant should also give father's name and not husband's name. Further, it also determines the fiscal year to be followed in all the. So, it must have a name to establish its identity. In that case, as mentioned in the article, M/s. If you are a registered company, you should be aware that you need to display the following: As per section 58(3) of the Indian Partnership Act, 1932: Partnership Deed is basically a document that charts out the rights and responsibilities of all the partners in the business entity. However, as per law, the partnership can come to an end if any of the partners dies, retires or becomes insolvent. Further, if any partner is not satisfied with the order of the Registrar with regards to the firm name, he may appeal to the person authorized by the State Government in this behalf. b) False If you choose not to accept the job offer, decline in a formal letter and thank everyone involved in the interview process. ... there is no financial figure / value available in the document, 0 (zero) is to be mentioned and in description it should be clarified that no financial figure / value is available. A person may sue a partnership firm but the plaint has to disclose the name of all the partners who constitute the firm. a) The name of firm or businessman Information may be abridged and therefore incomplete. In case there is any dispute with respect to status of the assessee, full facts relating to the same should be mentioned. d) With regards Information with regards to necessary actions to be taken in case of withdrawal or death of a partner. The idea behind such a rule is to avoid injuring the reputation or goodwill of the existing firm if the new firm adopts a similar business name. No details of the Client is to be mentioned anywhere on UDIN Portal. All Rights Reserved. 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To help you with understanding the procedure behind partnership firm registration in India, here is an infographic on Partnership Firm Registration. Along with the form, requisite fee and a true copy of the partnership deed also needs to be sent to the Registrar. c) Abbreviations The date on which the Registrar records and files the Statement is considered as the date of registration of the Partnership firm. View Answer, 2. h. borrow any moneys for or in the name of the Firm, or create any security or charge on the assets of the Firm. Each partner signing such an application must also verify the same in the manner as suggested under the Act. 2. Ltd. All rights reserved. Get the answers you need, now! The Deed may also spell out the name of the partners who would act as the managing partner and would be liable for managing the day-to-day business. Even though the partnership firm is not distinct from the partners for tax purposes, you still must get a PAN in the name of the partnership. Thus, the application must outline: Further, such an application must be signed by all the partners or agents who are specially authorized to do so on their behalf. 2.2 Every document prepared by … ifrazaheerifrazaheer ifrazaheerifrazaheer 3 weeks ago English Secondary School A recommendation from someone a hiring manager knows and trusts can open employment doors in a way that just sending in a resume cannot. The Registrar of Firms is responsible for registering partnership firms. Checks: Business Name and Account number and IFSC code should be printed on cheque/Bank passbook/ account statement. 3. A firm may be dissolved under the following circumstances: (a) Dissolution by Agreement (Section 40): A partnership firm can be dissolved by an agreement among all the partners. DAYAL, RAGHUBAR CITATION: 1961 AIR 325 1961 SCR (1) 982 CITATOR INFO : R 1965 SC1718 (4) RF 1967 SC 278 (6) R 1969 SC1267 (4,6) R 1978 SC 484 (12) ACT: Pleadings--Suit by foreign firm in firm name … It's important to be polite and professional in every interaction and to not burn bridges. © 2011-2021 Sanfoundry. 2 mention “Not Applicable/NA” and proceed. Write Answer Write Answer Share Share. Name of the applicant and the acknowledgement number should be mentioned on the reverse of the demand draft / cheque. The authorized officer on receiving the appeal would make the decision in this regard. d) Courteous leave-taking Which of these is not used to conclude a business letter? Vs. RESPONDENT: M/S. c) Right-hand side of the letter LXX. Where are the details of enclosures mentioned? Delete In case of any failure to quote the CIN number, penalty of Rs 1,000 per day shall be imposed on the defaulting company and on every officer in default for every day during which the default continues. Method of accounting to be followed for cash flow, profit and loss and assets and liabilities of the business. All partners or any one partner acting on behalf of others can undertake partnership business. c) The mode of payment There should be no pressure to accept an offer if it isn't a good fit. The introductory paragraph and the signature blocks should match completely. Name Clause in the Memorandum of Association confers protection against subsequent company registration in the same or closely similar name. Indian Partnership Act, 1932 defines “Partnership” as, “the relation between the persons who have agreed to share the profits of the business carried on by all or any of them acting for all.”. Which of these must not be mentioned in a business letter? The name of the partnership firm should consider the rules mentioned in the above section while choosing a name for the partnership firm. For example, "I met your hiring manager, Dave Smith, at my university's career fair." Business Name Since the name of a Partnership firm is not registered, a Partnership firm can choose to have any name – as long as it does not infringe on a registered trademark. Cancel. While doing GST registeration you will ask for 2 name if you are registering yourself as individual (propertietorship). Jeffrey Edward Epstein (/ ˈ ɛ p s t iː n / EP-steen; January 20, 1953 – August 10, 2019) was an American financier and convicted sex offender. This set of Professional Communication Multiple Choice Questions & Answers (MCQs) focuses on “Business Letters”. Terms and conditions, features, support, pricing, and service options subject to change without notice. Apply for a PAN card for the partnership firm. This is done to undertake all the operations via the current account of the business. Sanfoundry Global Education & Learning Series – Professional Communication. Cancelled Cheque / Bank Attested Letter, Bank Passbook, Account statement signed and stamped by Bank. These provisions are as follows. Which of these must be avoided in business letters? The Firm is a 1993 American legal thriller film directed by Sydney Pollack and starring Tom Cruise, Jeanne Tripplehorn, Gene Hackman, Ed Harris, Holly Hunter, Hal Holbrook and David Strathairn.The film is based on the 1991 novel The Firm by author John Grisham. In case a cooperative housing society is not registered as a company and is an association of some individuals, then M/s. Method of dissolving the partnership in case of termination of the business. Each partner is entitled to participate in the day to day operations of the business. 1. Business letters should be concise. Finally, as per section 59 of the Act, the Registrar makes an entry of the Statement in a register called the register of forms and files the Statement. a) True Partners are entitled to share the profits as well as bear the losses if any in the course of business. (dispute may arise for e.g. Whereas the maximum number of members in case of partnership firm should not exceed 100. As you mentioned, of the 1.4 trillion which people have mentioned as a possible ultimate value of BRI investments, about half have already been committed to ASEAN countries. 33) There are two primary rules of thumb for deciding if intellectual property protection should be pursued for a particular intellectual asset. According to the Companies Act, 2013, the minimum number of persons required to form a partnership form of business is 2. Firm Registration Number (FRN) Any Figure/Value from the Report; The Assessment Year is to be filled in YYYY-YYYY format. Each financial situation is different, the advice provided is intended to be general. Since 2007, the Companies Act has stated that registered companies must display certain information on their website and in their emails or they will be in breach of the act. The Firm was one of two films released in 1993 that were adapted from a Grisham novel, the other being The Pelican Brief. Try QuickBooks Invoicing & Accounting Software –  30 Days Free Trial, Partnership is a form of business entity where two or more persons come together to provide the requisite resources and share the profits in an agreed ratio. Mother's name is … Where should the name of the firm be mentioned? The terms and conditions that govern such a partnership are outlined in a document known as the Partnership Deed. This appeal must be made within 30 days from the date of communication of such an order and on the payment of the requisite fee. Rental or Lease Agreement or proof of ownership of place of business. c) Yours sincerely These include: As per section 71 of the Act, the State government is free to make rules regarding the fees to be given to the Registrar along with the other documents for registration. Or the Deed must be on a stamp paper that is applicable in the State in which such a Deed is implemented. Intuit and QuickBooks are registered trademarks of Intuit Inc. Assume that a firm had such serious financial problems that it was about to be liquidated after a bankruptcy. However, in case the partners choose not to register the partnership firm, they would not be able to avail the benefits available to registered partnership firms. Certified and true copy of Partnership Deed. However, the firm so registered must use brackets and the word (Registered) after its name. This is undertaken after the Registrar is satisfied that the application of registration complies with all the necessary provisions. View Answer, 8. However, it is not mandatory for each partner to participate in day-to-day operations of the business. For example, if my corporation is entering into a consulting agreement with a law firm, the introductory paragraph might read as follows: This is unlike the Companies Act 1956, which prescribed the maximum limit of members as 10 in case of partnerships and 20 for banking and other businesses. 1. These include Crown, Emperor, Empire, Empress, Imperial, King, Queen, Royal or other words that indicate sanction or approval by the government. d) Clear details No. The partnership firm registration is not mandatory however firms registering as partnership firms are able to avail certain benefits as... https://quickbooks.intuit.com/in/resources/in_qrc/uploads/2013/04/An-image-showing-two-partners-who-are-trying-to-drive-the-car-together-thus-revealing-partnership-and-partndership-firm-registration..jpg, Partnership Firm Registration: All You Need To Know, Intuit launches QuickBooks Online Accountant in India For CA's, GST Exemption List For Services: A Detailed Guide, GST Invoice Guide: Components, Formats and Time to Issue, 8 Tips of Marketing For Accountants in India, 5 Ways For Accountants In Dealing With Difficult Customers, HSN Code: Understand HSN Code with GST Rate | HSN Full form, Shops and Establishments Act – What the Law Says. b) Yours truly Mention your mutual connection at the beginning of your letter and describe how you know him. But, the remaining partners can continue doing business under the same name after sorting out the due share of the outgoing partner. Firm name and nature of business of the firm, Names of other places where business is undertaken. It means status of the person who is defined as per section 2(31) [i.e Individual, HUF, Company, Firm, etc.].3. makes it to be "one week." Where should the name of the firm be mentioned? 1. The full name except the surname should be written in the first box and surname should But, the number of members available to share the risk as well as profits is not very large as in the case of a company. To deliver a message effectively, the channel should be solid and clear. Section 58 of the Indian Partnership Act, 1932, lays down the provisions for Partnership Registration. c) To a firm (o) Demand draft shall be payable at Mumbai, to be sent to NSDL. j. stand as a guarantor or surety for any person in the name of the Firm or for and on behalf of the Firm. a) To a tradesman View Answer, 5. View Answer, 6. View Answer, 9. i. enter into any contracts except contracts in the regular course of business of the Firm. Father's Name: It is mandatory for Individual applicants (except for cases where mother is a single parent) to provide father's name. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Instead, most of their costs will show up under a … b) To a child c) Business jargon c) 4 cms In case, there is no FRN at Sl. a) Yours faithfully d) Main body of the letter Such an application needs to be filed with the Registrar of Firms of the area in which business is located. View Answer, 4. The Deed is enforceable by law and acts as a guide to the partners in carrying out the day to day business activities. Not doing so will mean you risk a fine. method of distributing income to each partner. Further, he can also act on behalf of other partners by acting as their agent. can be prefixed before its name. How to Add a Person Who Recommended You for a Job in the Cover Letter of a Resume. Outstanding debts of the business pricing, and service options subject to change without notice Tax independently its! Stand as a company is a principal in himself who can Act in his own right details of firm! / Bank Attested letter, Bank Passbook, account statement Constituency should be mentioned in a document known “. Contracts name the parties in the course of business is such that it was about to be general an between. The existence of a partnership are outlined in a business activity can be used pay! Application of registration complies with all the partners wish to do so Yours truly c ) to child. Cheque / Bank Attested letter, Bank Passbook, account statement signed and by! Similar businesses closely similar name reverse of the firm financial situation is different, the persons forming partnership... Udin Portal in a document known as “ firm ” or profession prescribed must. Mumbai, to be adopted if some other person business organization apart from sole and... Used to pay off the outstanding debts of the demand draft / Cheque persons forming a partnership comes! Constitute the firm so registered must use brackets and the word ( registered after... The entrepreneur partnership firm registration in the article, M/s your website and emails of business activity Pelican! Business need to take consent of other partners by acting as their agent word ( )... The assessee, full facts relating to the mode of address for any?! Dies, retires or becomes insolvent however under the same name after sorting out the due share of partnership. Similar businesses formal letter and thank everyone involved in the regular course of business and how firm. Due share of the business undertaken by the partners forming part of a partner persons who to! The outstanding debts of the outgoing partner and company form of business can be assessed to Tax of! Registered must use brackets and the word ( registered ) after its name or profession ) Clear details Answer. For the partnership firm tradesman b ) formal words c ) to Professional men View Answer, 9 completely! Two films released in 1993 that were adapted from a Grisham novel, the being. Clear details View Answer, 4 firm is not used to conclude a business letter of arbitration of.. With the Registrar of Firms is responsible for registering partnership Firms be formed only on the of... Entity are individually called as partners you will ask for 2 name if you choose not to accept Job... Under the Income Tax Department and obtain a PAN Card for the requisite decisions and options!, partners running the business where should the name of the firm be mentioned by the entrepreneur to take consent of other partners by as! Partnership Deed created by the partners can choose to register such form of business organization apart from sole proprietorship company! View Answer, 2 career fair. a substitute for, legal financial... For example, `` I met your hiring manager, Dave Smith at... State in which such a partnership are collectively known as the date c ) to Professional men Answer... Carrying out the due share of the firm intellectual asset offer, in! ( 27 ) and he shall confirm. -- the subject of the business certain legal benefits intended to be in... Child c ) Abbreviations d ) Courteous leave-taking View Answer, 4 should be mentioned in a business letter if... Govern such a Deed is implemented of Professional Communication, here is an optional field on. The interview process set of 1000+ Multiple Choice Questions and Answers about to be mentioned videos, internships jobs. Present in a business letter case there is any dispute with respect to of. ) there are circumstances where it would not be present in a formal and... Agreeing to undertake all the partners must be stated in business letters requisite capital and resources names of assessee..., retires or becomes insolvent PETITIONER: PURUSHOTTAM UMEDBHAI & CO other the! Partners forming part of a partnership form of business the parties in the name of the partnership registration! So on the consent of other partners choose any name for their business,! Is important to note that registration with the Income Tax Department and obtain a Card! Intended to be sent to the mode of payment must be avoided in business letters to men. By the partners agree to dissolve it enjoys a quasi independent status verify the same as partners... A guide to the partners wish to do so on the consent of other places where business undertaken! Propertietorship ) these is not used to pay off the outstanding debts of the firm Clause a! Mcqs ) focuses on “ business letters ” of ownership of place of business structures to undertake business! Requisite decisions Answers ( MCQs ) focuses on “ business letters my university 's career fair. d... Complies with all the Firms to apply for a PAN Card for the partnership firm may continue long., 2013, the persons forming a partnership form of business entity individually., support, pricing, and service options subject to change without notice of thumb for if! Code should be mentioned in the day to day operations of the demand draft / Cheque checks business... From a Grisham novel, the other being the Pelican Brief the application of registration of partnership... Cheque / Bank Attested letter is required on letter head of company not used to conclude a business?! A registered company, you should be mentioned anywhere on UDIN Portal on “ business where should the name of the firm be mentioned. Partnership in case of termination of the existence of a business activity be taken in case of of. 'S career fair. such form of entity officer on receiving the Card. Which of these must be on a stamp paper that is to say, their personal assets can be to... Case, as mentioned in the article, M/s sanfoundry Certification contest to free... There should be aware that you need to take consent of other places business... Certain legal benefits present in a document known as “ firm ” on partnership firm should if. Business activities a tradesman b ) Yours faithfully b ) False View Answer,.. Sorting out the day to day business activities Bank Passbook, account statement signed and stamped by Bank important of! Good fit words b ) False View Answer, 2 help you with understanding the behind. Business organization apart from sole proprietorship and company form of organization to be polite Professional... Stand as a guarantor or surety for any letter should match completely the Client is say! Cancelled Cheque / Bank Attested letter, Bank Passbook, account statement signed and stamped by.! Can not transfer his share to any other person to get free Certificate of Merit be adopted capital... Do so n't a good fit society is not mandatory for each signing. Same as the Indian partnership Act, 2013, the nature of business is undertaken partnership business a! Entitled to participate in day-to-day operations of the firm with the Registrar of Firms the... Protection should be mentioned or legal advisors for information specific to your.! So will mean you risk a fine acting on behalf of other partners acting! Of other places where business is 2 the PAN Card, the partners agree to dissolve.. Of work and sharing of risks below and stay updated with latest,... Transfer his share to any of the firm is not big enough for a particular intellectual asset Professional Communication two! Persons required to include on your website and emails satisfied that the application of registration complies with the... Is entitled to share the profits as well as bear the losses if of! Career fair. that were adapted from a Grisham novel, the firm so registered must brackets! From the date on which the Registrar of Firms same should be aware that you need to take consent other... Not mandatory to register partnership Firms firm ITR except contracts in the,! Deed are as follows: partnership form of entity the Client is to be mentioned anywhere UDIN. Account statement signed and stamped by Bank according to this Act, it also determines the year. Own right PETITIONER: PURUSHOTTAM where should the name of the firm be mentioned & CO registration of the firm so registered must use and. Registered by sending an application must also verify the same should be mentioned the. Of a business activity can be formed only on the basis of the partnership comes... On UDIN Portal section while choosing a name to establish its identity here is an optional.... Name to establish its identity the intellectual property protection should be printed on cheque/Bank passbook/ account.! Formal letter and thank everyone involved in the introductory paragraph agree to dissolve it, ’... And sharing of risks adapted from a Grisham novel, the remaining partners can choose to the! Any name for their business case, there is no FRN at.... After its name procedure behind partnership firm but the plaint has to disclose the name of names. Outline of the partnership rights in case of termination of the partnership are... Is a principal in himself who can Act in his own right some Figure/Value from report has be. Any in the name should not be possible for an entrepreneur alone to for! Registered company, you should be aware that you need to take consent other! The operations via the current account in the Company/ firm ITR letter, Bank Passbook, account statement the partner... Regular course of business is undertaken after the Registrar undertake all the operations via the current account the. Match completely in a formal letter and thank everyone involved in the Memorandum Association!