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प्रश्न
State Whether the following Statement is True or False:
Registration of a partnership firm is compulsory.
सत्य या असत्य
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उत्तर
The statement is false.
Explanation:
Under the Indian Partnership Act, 1932, registration of a partnership firm is not compulsory; it is optional. However, an unregistered firm faces certain legal limitations, such as restrictions on filing suits to enforce contractual rights.
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