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CA Vishnu Ram

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  1. Asked: March 24, 2022In: Corporate Laws

    How and in what manner application is to be made for registration of partnership firm? Is there time limit for it?

    CA Vishnu Ram Enlightened
    Added an answer on October 16, 2025 at 11:35 am

    1. Who Can Apply? All partners collectively of a partnership firm. The application must be signed by all partners. 2. Manner of Making the Application The application for registration is made to the Registrar of Firms in the state where the firm has its principal place of business. Steps: Prepare thRead more

    1. Who Can Apply?

    • All partners collectively of a partnership firm.

    • The application must be signed by all partners.

    2. Manner of Making the Application

    The application for registration is made to the Registrar of Firms in the state where the firm has its principal place of business.

    Steps:

    1. Prepare the Partnership Deed

      • Includes firm name, principal place of business, partners’ names and addresses, capital contributions, profit-sharing ratio, and terms of partnership.

    2. Fill Form A (Application for Registration of Firm)

      • Submit details such as:

        • Name of the firm

        • Principal place of business

        • Names and addresses of partners

        • Duration of partnership (if applicable)

        • Date of commencement of business

    3. Attach the Partnership Deed

      • The deed must be signed by all partners and notarized or attested if required by state rules.

    4. Pay Registration Fees

      • The fee varies by state (usually nominal, e.g., INR 500–1000).

    5. Submit to the Registrar of Firms

      • The Registrar reviews the application and, if satisfied, issues a Certificate of Registration.

    3. Time Limit for Registration

    • No strict time limit is prescribed under the Partnership Act for registering a firm.

    • However, for legal advantages under Section 69 (ability to sue a partner or enforce the deed in court), it is advisable to register as soon as the partnership is formed.

    • Section 69 also allows an unregistered firm to get registered after formation, but the unregistered status may restrict civil suits until registration is done.

    4. Legal Consequences of Registration

    • Registered firm:

      • Can sue partners to enforce the partnership agreement.

      • Registration serves as proof of the firm’s existence and terms of partnership.

    • Unregistered firm:

      • Exists legally as a partnership, but cannot file a suit in a civil court to enforce rights against partners (Section 69(2)).

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  2. Asked: March 24, 2022In: Corporate Laws

    What are the prohibited name for a partnership firm?

    CA Vishnu Ram Enlightened
    Added an answer on October 16, 2025 at 11:30 am

    What Are the Prohibited Names for a Partnership Firm? When registering a partnership firm in India, certain names cannot be used because they are restricted by law or could create confusion or offense. Using a prohibited name can lead to rejection of the registration application by the Registrar ofRead more

    What Are the Prohibited Names for a Partnership Firm?

    When registering a partnership firm in India, certain names cannot be used because they are restricted by law or could create confusion or offense. Using a prohibited name can lead to rejection of the registration application by the Registrar of Firms under the Partnership Act, 1932.

    1. Names Containing Words Suggesting Government Connection

    A partnership firm cannot use words that imply affiliation with:

    • The Government of India or any state government

    • Any government department or agency

    • Public institutions or national symbols

    Examples of prohibited words:

    • “National,” “Central,” “Federal,” “State Bank of …” (unless officially approved)

    • Names of ministries or government schemes

    This is to prevent misleading the public into believing the firm has official sanction.

    2. Names Identical or Too Similar to Existing Firms

    • The proposed firm name cannot be identical or deceptively similar to an existing registered firm in the same state.

    • The Registrar may reject applications that could create confusion among the public or infringe on trademarks.

    3. Names Containing Offensive or Obscene Words

    • Any name containing vulgar, offensive, or obscene language is prohibited.

    • The Registrar has discretion to reject names that are derogatory, defamatory, or illegal.

    4. Names Suggesting Illegal or Immoral Activity

    • Names implying illegal businesses or immoral activities are not allowed.

    • Example: Firms cannot use words like “Gambling,” “Drug,” or any term associated with unlawful activity.

    5. Names Requiring Prior Approval

    Some words may require special approval from authorities before inclusion in the firm name, e.g.:

    • Words like “Bank,” “Insurance,” “Stock Exchange,” “Co-operative”

    • Names of international organizations or professional bodies

    Without official permission, using these words can lead to registration refusal.

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  3. Asked: March 24, 2022In: Corporate Laws

    What is the difference between registrations of partnership deed and registration of firm?

    CA Vishnu Ram Enlightened
    Added an answer on October 16, 2025 at 11:28 am

    1. Partnership Deed Definition: A partnership deed is a written agreement among partners detailing the terms of partnership, including: Name and address of partners Profit-sharing ratio Capital contributions Roles and responsibilities Duration of partnership Procedures for admission, retirement, orRead more

    1. Partnership Deed

    • Definition: A partnership deed is a written agreement among partners detailing the terms of partnership, including:

      • Name and address of partners

      • Profit-sharing ratio

      • Capital contributions

      • Roles and responsibilities

      • Duration of partnership

      • Procedures for admission, retirement, or dissolution

    • Registration:

      • Optional under Section 69 of the Partnership Act, 1932.

      • Even if a partnership deed is not registered, the partnership exists; however, unregistered deeds limit legal remedies.

        • For example, an unregistered firm cannot file a suit in civil court to enforce a claim against another partner (Section 69(2)).

    • Purpose: Registration of the deed primarily provides proof of partnership terms and legal enforceability.

    2. Registration of Firm

    • Definition: Registration of the firm is the act of officially recording the firm with the Registrar of Firms.

    • Procedure:

      • File Form A (or applicable form under state rules) with the Registrar of Firms in the state where the business is located.

      • Submit the partnership deed along with the application.

      • Upon acceptance, the Registrar issues a Certificate of Registration.

    • Legal Effect:

      • Registration of the firm gives the firm legal recognition and allows it to enforce claims against partners and third parties in civil court.

      • It also ensures transparency with the government for regulatory or tax purposes.

    • Mandatory Status:

      • Registration is not compulsory, but highly advisable to enjoy legal remedies under the Act.

    3. Key Differences

    Feature Registration of Partnership Deed Registration of Firm
    Definition Recording the internal agreement among partners Recording the firm as a business entity with the government
    Mandatory? Optional Optional but advisable
    Purpose Provides proof of partnership terms and rights Provides legal recognition and enforceability of claims
    Legal Effect Without registration, partners cannot file suits to enforce deed terms Without registration, firm cannot sue partners in court for disputes
    Authority Registrar of Firms Registrar of Firms

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  4. Asked: March 25, 2022In: Corporate Laws

    What is a will?

    CA Vishnu Ram Enlightened
    Added an answer on October 16, 2025 at 11:25 am

    What Is a Will? A will is a legal declaration by which a person (called the testator) expresses how their property and belongings should be distributed after their death.It becomes effective only upon the death of the person making it. Legal Definition Under Section 2(h) of the Indian Succession ActRead more

    What Is a Will?

    A will is a legal declaration by which a person (called the testator) expresses how their property and belongings should be distributed after their death.
    It becomes effective only upon the death of the person making it.

    Legal Definition

    Under Section 2(h) of the Indian Succession Act, 1925,

    “Will” means the legal declaration of the intention of a testator with respect to his property which he desires to be carried into effect after his death.

    This means a will records the final wishes of a person regarding their assets — and serves as a legally recognized guide for their execution.

    Essential Features of a Will

    1. Made voluntarily – A will must be created by the testator’s free will, without coercion, undue influence, or fraud.

    2. Applies after death – It has no effect during the lifetime of the testator.

    3. Revocable – The testator can change or cancel the will at any time before death.

    4. Covers property and rights – A will can include movable and immovable property, money, investments, jewellery, and even digital assets.

    5. Requires attestation – It must be signed by the testator and attested by at least two witnesses (as per Section 63 of the Indian Succession Act, 1925).

    Purpose of a Will

    A will ensures that:

    • Property is distributed as per the testator’s personal wishes, not as per default succession laws.

    • Family disputes are minimized after death.

    • Dependents and beneficiaries are clearly identified and protected.

    • The estate is legally transferred through a simple, documented process.

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  5. Asked: March 25, 2022In: Corporate Laws

    What are the benefit of making will?

    CA Vishnu Ram Enlightened
    Added an answer on October 16, 2025 at 11:23 am

    What Are the Benefits of Making a Will? A will is a written declaration of how a person (the testator) wants their property and assets to be distributed after their death.While many people postpone writing one, making a will has significant legal, practical, and emotional benefits — both for the indRead more

    What Are the Benefits of Making a Will?

    A will is a written declaration of how a person (the testator) wants their property and assets to be distributed after their death.
    While many people postpone writing one, making a will has significant legal, practical, and emotional benefits — both for the individual and for their family.

    1. Ensures Your Wishes Are Followed

    A will gives you control over who inherits your assets and in what proportion.
    Without it, property is distributed under default succession laws, which may not reflect your actual intentions or family circumstances.

    2. Prevents Family Disputes

    Clear written directions reduce confusion and potential conflicts among heirs.
    A valid will can prevent long-drawn legal battles that often arise when multiple family members claim ownership of the same property.

    3. Simplifies Legal Procedures After Death

    If a person dies leaving a will, the process of obtaining probate or transferring ownership is typically faster and smoother.
    In contrast, intestate succession may require succession certificates or court orders, causing delay and extra cost.

    4. Allows Appointment of an Executor and Guardian

    A will enables you to:

    • Appoint an executor to carry out your wishes and manage your estate.

    • Name a guardian for your minor children, ensuring they are cared for by someone you trust.

    These provisions avoid uncertainty or court intervention later.

    5. Protects Vulnerable or Dependent Family Members

    Through a will, you can make specific provisions for:

    • A spouse with no income,

    • A child with special needs, or

    • Elderly dependents who rely on you financially.

    Such personal arrangements are not recognized automatically under intestate laws.

    6. Enables Charitable or Non-Family Bequests

    You can allocate a portion of your estate to charitable organizations, friends, or individuals outside your immediate family — something not permitted under intestate succession.

    7. Provides Peace of Mind

    Knowing that your affairs are settled and your loved ones are protected reduces emotional and administrative stress for everyone involved.
    It also helps avoid unnecessary court proceedings and property disputes after your passing.

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  6. Asked: March 25, 2022In: Corporate Laws

    What will happen if I dont make a will?

    CA Vishnu Ram Enlightened
    Added an answer on October 16, 2025 at 11:21 am

    What Happens If You Don’t Make a Will? If a person dies without making a will, they are said to have died intestate. In such a case, their property is distributed according to the personal laws of inheritance that apply to them, not according to their personal wishes. This process is known as intestRead more

    What Happens If You Don’t Make a Will?

    If a person dies without making a will, they are said to have died intestate. In such a case, their property is distributed according to the personal laws of inheritance that apply to them, not according to their personal wishes. This process is known as intestate succession.

    1. Legal Framework Governing Intestate Succession in India

    The law that applies depends on the religion of the deceased:

    Religion Governing Law
    Hindus, Buddhists, Sikhs, Jains Hindu Succession Act, 1956
    Muslims Muslim Personal Law (Shariat)
    Christians and Parsis Indian Succession Act, 1925

    Each law lays down a defined order of heirs and shares for distributing property.

    2. Consequences of Dying Without a Will

    (a) Property is divided by law, not by wish

    Your estate will be distributed among your legal heirs (spouse, children, parents, etc.) as per the succession law. You cannot decide who gets what after your death.

    (b) Possible family disputes

    In the absence of clear written directions, differences often arise among heirs over entitlement and valuation of assets.

    (c) Difficulty in transferring property

    Transferring property titles or bank balances can take longer since heirs may need to obtain legal heir certificates or succession certificates from the court.

    (d) No provision for non-family dependents

    Friends, charitable causes, or distant relatives whom you might have wished to benefit will receive nothing under intestate succession.

    (e) Guardianship issues for minors

    If minor children are involved, the court may appoint a guardian, which may not align with what the deceased would have preferred.

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  7. Asked: March 25, 2022In: Corporate Laws

    How to make a will? Who can make a will?

    CA Vishnu Ram Enlightened
    Added an answer on October 16, 2025 at 11:19 am

    Who Can Make a Will? Under Section 59 of the Indian Succession Act, 1925, the following rules apply: Any person of sound mind and not a minor can make a will. The minimum age is 18 years (or 21 years if governed by the Indian Majority Act for certain cases). The testator must have a sound and disposRead more

    Who Can Make a Will?

    Under Section 59 of the Indian Succession Act, 1925, the following rules apply:

    1. Any person of sound mind and not a minor can make a will.

      • The minimum age is 18 years (or 21 years if governed by the Indian Majority Act for certain cases).

      • The testator must have a sound and disposing mind — meaning they understand the nature and effect of their actions when making the will.

    2. Persons with temporary insanity or intoxication cannot make a will while in that state.
      However, if they regain sanity or sobriety, they can do so then.

    3. Blind, deaf, or dumb persons can make a valid will if they are capable of understanding what they are doing.
      The key requirement is mental capacity, not physical ability.

    4. Persons ordinarily excluded — e.g., minors, persons under coercion, or those lacking mental capacity — cannot make a valid will.

    How to Make a Will in India

    A will does not require a lawyer or stamp paper, but professional assistance ensures clarity and legal compliance, especially when multiple assets or heirs are involved. To ensure a will is legally valid and easily provable, write it clearly  following these essential steps:

    1. Clearly identify the testator and assets
      Mention full details — name, age, address, and a clear list of assets (movable and immovable). Avoid ambiguity.

    2. Appoint an executor
      The executor will ensure that the directions in the will are carried out after the testator’s death. (Although not mandatory, it is highly recommended.)

    3. Name the beneficiaries
      Specify who will receive what — clearly allocate shares or describe specific properties to prevent disputes.

    4. Declare the revocation of previous wills
      Include a statement revoking all earlier wills to avoid confusion.

    5. Sign and attest the will

      • The will must be signed by the testator.

      • It must be attested by at least two witnesses who see the testator sign or acknowledge the signature (as per Section 63 of the Act).

      • Each witness should sign in the testator’s presence.

    6. Optional: Register the will
      Registration is not mandatory, but doing so under the Registration Act, 1908 (Section 40) adds authenticity and reduces the risk of tampering or dispute.

    7. Keep the will safe
      Store the will in a secure place — at home, with a trusted person, or deposit it with the Registrar under Section 42 of the Registration Act.

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  8. Asked: March 25, 2022In: Corporate Laws

    Which act govern the will?

    CA Vishnu Ram Enlightened
    Added an answer on October 16, 2025 at 11:15 am

    Which Act Governs a Will in India? The Indian Succession Act, 1925 is the main law governing wills in India. It applies to most communities, except Muslims, whose wills are governed by personal law.

    Which Act Governs a Will in India?

    • The Indian Succession Act, 1925 is the main law governing wills in India.

    • It applies to most communities, except Muslims, whose wills are governed by personal law.

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  9. Asked: March 25, 2022In: Corporate Laws

    Who can be a witness of a will?

    CA Vishnu Ram Enlightened
    Added an answer on October 16, 2025 at 10:34 am

    Who Can Be a Witness to a Will? A witness to a will is someone who observes the testator (the person making the will) sign or affix his/her mark on the document and then signs the will themselves to confirm that they witnessed this act.Witnesses are crucial because their signatures legally authenticRead more

    Who Can Be a Witness to a Will?

    A witness to a will is someone who observes the testator (the person making the will) sign or affix his/her mark on the document and then signs the will themselves to confirm that they witnessed this act.
    Witnesses are crucial because their signatures legally authenticate the execution of the will.

    Legal Requirements under the Indian Succession Act, 1925

    According to Section 63(c) of the Act:

    • A will must be attested by at least two witnesses.

    • Each witness must have seen the testator sign the will, or must have received a personal acknowledgment from the testator that it was signed by him.

    • Each witness must sign the will in the presence of the testator (though both witnesses need not sign at the same time).

    These witnesses confirm that the will was made voluntarily and genuinely by the testator.

    Who can become a Witness?

    Any competent adult can be a witness, provided they:

    1. Are of sound mind;

    2. Can understand the nature of the act; and

    3. Are capable of giving evidence in court if required.

    There is no legal bar on relatives, friends, or associates acting as witnesses. However, to avoid later disputes, it is advisable not to choose beneficiaries (people who will inherit under the will) as witnesses.

    Can a Beneficiary Be a Witness?

    Yes — but with an important qualification under Section 67 of the Act:
    A will attested by a beneficiary (or their spouse) remains valid, but the gift or legacy given to that beneficiary becomes void.
    This means the person can still act as a witness, but they lose their right to inherit under that will.

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  10. Asked: March 25, 2022In: Corporate Laws

    Who is an executor? Is it mandatory to appoint an executor for a will?

    CA Vishnu Ram Enlightened
    Added an answer on October 16, 2025 at 10:29 am

    Who is an Executor in a will? An executor is the person named in a will to carry out the directions of the testator (the person making the will) after their death. The executor’s main duties include collecting the deceased’s assets, paying off debts and taxes, and distributing the remaining estate aRead more

    Who is an Executor in a will?

    An executor is the person named in a will to carry out the directions of the testator (the person making the will) after their death. The executor’s main duties include collecting the deceased’s assets, paying off debts and taxes, and distributing the remaining estate among the beneficiaries according to the will.

    Under Section 2(c) of the Indian Succession Act, 1925, an executor is defined as a person to whom the execution of the last will of a deceased person is, by the testator’s appointment, confided.

    In practical terms, the executor acts as the legal representative of the deceased for the administration of the estate.

    Is It Mandatory to Appoint an Executor?

    No, it is not mandatory under Indian law to appoint an executor in a will.
    However, appointing one is strongly advisable, because:

    1. Ease of administration: Without an executor, the beneficiaries or legal heirs may need to approach the court to appoint an administrator under Sections 231–234 of the Indian Succession Act, which can delay the settlement process.

    2. Legal recognition: If an executor is named, he or she can apply for a probate of the will — a court order certifying that the will is genuine and that the executor has authority to act.

    3. Conflict resolution: An executor helps ensure that the testator’s wishes are carried out fairly, minimizing disputes among heirs.

    If a will does not name an executor, the court may appoint an administrator to perform similar duties. This does not invalidate the will, but it can make the process slower and more formal.

    Conclusion:

    While not legally mandatory, appointing an executor provides clarity, authority, and efficiency in executing the will. A trustworthy and competent executor helps ensure the testator’s wishes are implemented smoothly, saving the heirs from potential legal complications later.

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