Kwami Tihosu, James Jamara, Kisifri Kodiabe decided to form a partnership for their professional business. They submitted particulars for registration. The Registrar of Companies has refused to register the partnership.

Required:

Under what FOUR (4) conditions may the Registrar of Companies refuse to register a partnership? (6 marks)

The Registrar of Companies may refuse to register a partnership under the following conditions:

  • The partnership is not one which is registrable under the Incorporated Private Partnerships Act, 1962, ACT 152.
  • Any of the businesses which the partnership has been carrying on, or is to carry on, is unlawful.
  • The name of the firm is misleading or undesirable.
  • Any of the partners is an infant, of unsound mind, or a person who, within the preceding five years, has been charged with fraud or dishonesty, whether convicted or not, in connection with trade or business, or is an undischarged bankrupt.
  • The statement is incomplete, illegible, inaccurate, irregular, or paper insufficiently durable to be suitable for registration.

(Any 4 points @ 1.5 marks each = 6 marks)

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