- 5 Marks
Question
The Registrar of Companies may refuse to register a firm or partnership.
Required:
Under what conditions will the Registrar of Companies in his opinion refuse to register a firm/partnership?
Answer
The Registrar of Companies may refuse to register a firm or partnership under the following conditions:
-
Non-Compliance with the Incorporated Private Partnerships Act, 1962 (Act 152):
- If the business does not meet the legal requirements for registration.
-
Unlawful Business Operations:
- If the business activities are illegal or contrary to public policy.
-
Misleading or Undesirable Business Name:
- If the proposed business name is deceptive, inappropriate, or conflicts with an existing entity.
-
Disqualification of Partners:
- If any of the partners is:
- A minor (under 18 years old).
- Of unsound mind.
- A person convicted of fraud or dishonesty within the last five years.
- An undischarged bankrupt.
- If any of the partners is:
-
Defective or Incomplete Application:
- If the registration documents are illegible, incomplete, inaccurate, or filed on non-durable paper.
- Topic: Company directors and other officers
- Series: Nov 2024
- Uploader: Salamat Hamid