Effect of Non-Registration of the Firm
- Under section 69 of the Partnership Act 1932 no suit to enforce a right arising from a contract or conferred by this law shall be instituted in any court by or on behalf of any person suing as a partner in a firm against the firm or nay person alleged to be or to have been a partner in the firm unless the firm is registered and the person suing is or has been shown in the Registrar of Firms as a partner in the firm.
- No suit to enforce a right arising from a contract shall be instituted in any court by or on behalf of a firm against any third party unless the firm is registered and the person suing are or have been shown in the registrar of firm as partner in the firm.
- That the above shall apply also to a claim of set-off or other proceeding to enforce a right arising from a contract but shall not effect.
(a) The enforcement of nay right to sue for the dissolution of firm or for accounts of a dissolved firm or any right or power to realize the property of a dissolved firm
(b) The powers of any official assignee receiver or court under the law or the provisional insolvency at 1920 to realize the property of an insolvent partner.