Sale of goodwill after dissolution. Rights of buyer and seller of goodwill. Agreements in restraint of trade.— (1) In settling the accounts of a firm after dissolution, the goodwill shall, subject to contract between the…
Power to exempt from application of this Chapter.— The State Government of any State may, by notification in the Official Gazette, direct that the provisions of this Chapter shall not apply to that State or…
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. (2)…
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…
Registration.— Where the Registrar is satisfied that the provisions of section 58 have been duly complied with, he shall record an entry of the statement in a register called the Register of Firms, and shall…
Recording of alterations in firm name and principal place of business.— (1) When an alteration is made in the firm name or in the location of the principal place of business of a registered firm,…
Noting of closing and opening of branches.— When a registered firm discontinues business at any place or begins to carry or business at any place, such place not being its principal place of business, any…
Noting of changes in names and addresses of partners.— When any partner in a registered firm alters his name or permanent address, an intimation of the alteration may be sent by any partner or agent…
Recording of changes in and dissolution of a firm. Recording of withdrawal of a minor.— (1) When a change occurs in the constitution of a registered firm any incoming, continuing or out going partner, and…