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)).

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.