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CS Professional · CSR and Social Governance · Partnership Firms

Vikas, Wasim and Yamini are partners at will in a registered firm in Lucknow. After Yamini gives valid notice and the firm stands dissolved, Vikas wants the dissolution recorded in the Register of Firms. What does Section 63 allow?

Vikas may give the notice. Section 63(1) lets any person who was a partner immediately before the dissolution of a registered firm, or such a person's specially authorised agent, give notice to the Registrar specifying the date of dissolution, and the Registrar records it.

  1. AOnly Yamini, who gave the notice, may notify the Registrar
  2. BAny person who was a partner immediately before the dissolution, or his specially authorised agent, may give notice to the Registrar specifying the date of dissolutionCorrect
  3. COnly the Official Gazette may carry the record, with no notice to the Registrar
  4. DNo notice is possible because a firm at will is not registrable

Explanation

Section 63(1) allows any person who was a partner immediately before the dissolution of a registered firm, or a specially authorised agent, to give notice to the Registrar specifying the date. The Registrar records it. It is not limited to the partner who gave notice of dissolution.

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