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INDIAN PARTNERSHIP ACT, 1932 (DAMAN AND DIU AMENDMENT)

INDIAN PARTNERSHIP ACT, 1932 (DAMAN AND DIU AMENDMENT)

INDIAN PARTNERSHIP ACT, 1932 (DAMAN AND DIU AMENDMENT)

Section 58 - Application for registration

(1)     The registration of a firm may be effected at any time by sending by post or delivering to the Registrar of the area in which any place of business of the firm is situated or proposed to be situated, a statement in the prescribed form and accompanied by the prescribed fee, stating,-

(a)      the firm name,

(b)      the place or principal place of business of the firm,

(c)      the names of any other places where the firm carries on business,

(d)      the date when each partner joined the firm,

(e)      the names in full and permanent addresses of the partners, and

(f)       the duration of the firm.

The statement shall be signed by all the partners, or by their agents specially authorised in this behalf.

(2)     Each person signing the statement shall also verify it in the manner prescribed.

(3)     A firm name shall not contain any of the following words, namely:-

"Crown", "Emperor", "Empress", "Empire", "Imperial", "King", "Queen", "Royal", or words expressing or implying the sanction, approval or patronage of [1] [Government], except [2] [when the State Government] signifies [3] [its] consent to the use of such words as part of the firm name by order in writing [4] [* * *].-

[STATE AMENDMENTS

GOA, DAMAN AND DIU

[5] [In Section 5

(1)     In section 58 of the principal Act for the existing sub-section (3), the following shall be substituted:-

"(3) No firm shall be registered by a name which in the opinion of the Registrar is undesirable".

(2)     In section 58 of the principal Act, after sub--section (3), as so amended the following shall be added:-

"(4) Any person aggrieved by an order of the Registrar under sub-section (3) may within 30 days from the date of communication of such order, appeal to the State Government whose decision shall be final.

(5) A firm's name shall not contain any of the following words, namely, Union, State, President, Republic, Governor or words expressing or implying the sanction, approval or patronage of Government unless the Government of Goa, Daman and Diu signifies, by order in writing, its consent to the use of such words as part of the firm's name:

Provided that nothing in this sub-section shall apply to any firm carrying on business under any such name, before the date of the commencement of the Indian Partnership (Goa, Daman and Diu Amendment) Act, 1966.

(6) Any person who contravenes the provisions of sub-section (5) shall be punishable with fine which may extend to five hundred rupees.]

 

Section 74 - Savings

Nothing in this Act or any repeal effected thereby shall affect or be deemed to affect,-

(a)      any right, title, interest, obligation or liability already acquired, accrued or incurred before the commencement of this Act, or

(b)      any legal proceeding or remedy in respect of any such right, title, interest, obligation or liability, or anything done or suffered before the commencement of this Act, or

(c)      anything done or suffered before the commencement of this Act, or

(d)      any enactment relating to partnership not expressly repealed by this Act, or

(e)      any rule of insolvency relating to partnership, or

(f)       any rule of law not inconsistent with this Act.

[STATE AMENDMENTS

[GOA, DAMAN AND DIU

[6] [In Section 74

The following shall be inserted:-

"(2) Notwithstanding anything contained in sub-section (1) and in any other law in force in the Union Territory of Goa, Daman and Diu the provisions of sub-sections (1) and (2) of section 69 shall apply to all suits instituted in the Union Territory of Goa, Daman and Diu after the 1st January, 1965, even if the cause of action with respect to the said suits had arisen before that date."]]]

 

Schedule 1 - SCHEDULE I

SCHEDULE I

MAXIMUM FEES

[See sub-section (1) of section 71]

Document or act in respect of which the fee is payable

Maximum fee

Statement under section 58

Three rupees.

Statement under section 60

One rupee.

Intimation under section 61

One rupee.

Intimation under section 62

One rupee.

Notice under section 63

One rupee.

Application under section 64

One rupee.

Inspection of the Register of Firms under sub-section (1) of section 66

Fifty paise for inspecting one volume of the Register.

Inspection of documents relating to a firm under sub-section (2) of section 66

Fifty paise for the inspection of all documents relating to one firm.

Copies from the Register of Firms

Twenty-five paise for each hundred words or part thereof.

[STATE AMENDMENTS

GOA, DAMAN AND DIU

[7] [In Schedule I

(a)      for the words "eight annas" at both the places where they occur, the words "fifty paise" shall be substituted;

(b)      in the entries relating to copies from the Register of Firms, for the words "four annas" the words "fifty paise" shall be substituted.]

 



[1] The words "the Crown or the Government of India or a Local Government", have been successively adapted by the A.O. 1937, the A.O. 1948 and the A.O. 1950 to read as above.

[2] Substituted by the A.O. 1937, for "when the Governor General in Council".

[3] Substituted by the A.O. 1937, for "his".

[4] The words "under the hand of one of the Secretaries of the Government of India" omitted by the A.O. 1937.

 

[5] Sub-section (3) shall be Inserted and Sub-section (4), (5) and (6) shall be Added by Indian Partnership (Goa, Daman and Diu Amendment) Act, 1966.

[6] Inserted by Indian Partnership (Goa, Daman and Diu Amendment) Act, 1966.

[7] Substituted by Indian Partnership (Goa, Daman and Diu Amendment) Act, 1966.