The Punjab Partnership (Reg: of Firms) Rules, 1932

THE
PUNJAB PARTNERSHIP
(REGISTRATION OF FIRMS) RULES,
1932

1. Short title. These rules may be called the Punjab Partnership (Registration
of Firms) Rules, 1932.

2. Definitions. In these rules unless there is anything repugnant in the subject

or context:-

(a) “the Act,” means Partnership Act, 1932.

(b) “Registrar” means the “Registrar of Firms.”

3. Form and verification of statements under sections 58 and 60. The

statements submitted to the Registrar under sections 58 and 60 of the Act shall,
respectively, be in Forms I and II annexed to these rules and shall be verified in
the manner indicated therein.

4. Form of intimation and notice under sections 61, 62 and 63. Intimation
and notices under sections 61, 62, 63 (1) and 63 (2) of Act shall respectively be in
forms III, IV,V and VI annexed to these rules with such variations as may be
necessary to suit each case.

48[4-A. The notice of an alteration which is required to be filed with

Registrar under Sections 60,61,62,,63 and 64 of the Act., shall be filed within a
period of one month from the date of occurrence of the alteration].

5. Register of Firms. The Register of Firms shall be in Form A annexed to

these rules. The name of , and the particulars relating to, a firm shall be entered
therein in the order of its registration on a separate page or pages, as the case may
be. Each firm shall be assigned a number in a consecutive series commencing and
ending with a calendar year. A note of every document filed shall be entered in
the Register in the page or pages allotted to the firm concerned and shall be
signed by the Registrar.
6. Amendment of entries in Register. When an entry made in the Register
of Firms is to be amended, the amendment shall be shown by means of a suitable
note in red ink in the remarks column opposite to the entry concerned and the new
entry shall be made at the end of the then existing entry or entries with suitable
cross references.

7. Protest against entries in register. Where any partner or other person

interested makes a protest in writing to the Registrar disputing any entry made in
the Register of Firms, the Registrar shall record such protest and make a reference
thereto in red ink in the remarks column against the disputed entry.

8. Index to Register of Firms. (a) An index to the Register of Firms, shall

be prepared in English on loose sheets lettered alphabetically, and shall contain
the particulars shown in Form B annexed to these rules. A fresh index shall be
prepared for each calendar year. The name of each firm shall be indexed as soon
as the entries relating thereto are made in the Register of Firms.

(b) After all the firms registered in a year have been indexed, the index
shall be checked by the Registrar who shall add a certificate in token of such
check and the pages shall then be numbered in ink.

(c) The index for each year shall after the yearly check be bound into a
volume or volumes of convenient size.

9. Certificate of registration and filing of documents. (a) Upon the

registration of a firm the Registrar shall grant to the firm a certificate in Form C
annexed to these rules, and on the filing of any document required to be filed
under the Act,. He shall grant to the person filling it a certificate in form D
annexed to these rules.

(b) On every document filed under this Act. The Registrar shall
endorse the following particulars, namely-

(i) the number borne by the firm on the register;

(ii) the name of the firm;
(iii) the description of the document;
(iv) the serial number of the document; and
(v) the date of filing.

The Registrar shall also affix his signature and the seal of his office to
such document.

(c) If there is no space on the document for entering the particulars

referred to in clause (b), the entry shall be made on a separate paper which shall
be attached to the document and a note of the fact shall be made on the document
itself and signed by the Registrar.
49[9-A. The Registrar may, in his discretion institute such enquiries make such
investigations, in respect of any matter as may, in his opinion, be necessary for
the proper performance of his duties and the administration of the Act.

[9-B. (a) Where the Registrar has reason to believe that a registered firm is not
carrying on business or is not in operation, or that it has been finally dissolved but
that the prescribed intimation has not been given, he shall send by post to every
partner of the firm on its last known address a letter enquiring whether the firm is
carrying on the business or is in operation.

(b) If the Registration receives an answer from any of the partners to the
effect that the firm is not carrying on business or is not is operation or if does not
receive any answer within one month from the date of posting that letter he shall
publish in the Punjab Government Gazette and send to all the partners by
registration post , a notice to the effect that at the expiration of the three months
from the date of the notice the name of the firm mention therein shall unless cause
is shown to the contrary, be struck off the registers and the firm shall be dissolved
and the registration shall be deemed cancelled.

(c) At the expiration of the time mentioned in the notice the Registrar shall
unless good cause in shown previously by the partners to the contrary, Strike the
name of the firm off the registers and shall publish a notice of the fact in the
Punjab Government Gazette, and on such application the firm shall be considered
to be dissolved”]

10. Filling of documents. A separate file shall be maintained in respect of each firm
in which all documents relating thereto received from time to time by the Registrar shall
be filed. No document shall be filed by the Registrar unless the fee prescribed therefore
has been paid.
50
[10-A. (i) The following registers and papers shall be permanently retained: -

(a) Register of Firms.

(b) All registered documents of existing firms.
(c) Certificates of registration of dissolved firms.
(d) Dissolution orders.
(e) Reference to Legal Remembrance and his opinions.
(f) References to the Local Government regarding amendments in the law and
replies to the same.
(g) Index Registrar.

(ii) The following registers and papers shall be destroyed after five years: -
(a) Cash Book.
(b) Register of fees.
(c) Papers other than the above of the firms which have been
dissolved.
 (d) Reference to the Local Government on matters other than the
above.

(iii) The following registers and books shall be destroyed after two years
from the succeeding Ist April.
(a) Receipt Book.
(b) Dispatch Register.
(c) Other routine correspondence.
(d) Indents for forms, etc.
(e) Treasury receipts

(iv) The following register and papers shall be destroyed after one year
from the succeeding Ist April.
(a) Reminders
(b) “Explanations of delay.”]
51
[11. Fees payable under the Act, or the rules framed thereunder by a fim or a person
shall be credited into the Government Treasury under head XXXVI-Miscellaneous
Department and the treasury receipt transmitted to the Registrar in token of the prescribed
payment.]
52
[11-A. The following fees shall be levied f or the purposes noted against each item: -

Rs. A P
(1) for a certified duplicate copy of a certification of registration 1 0 0
(2) on an application submitted under section 64. 1 0 0
(3) for each inspection under rule 12. 0 3 0
(4) for copies of documents generally per each 100 words or part thereof 0 8 0

12 Inspection of original documents. Any person interested in a firm

may, on satisfying the registrar of such interest and on payment of
the prescribed fee, inspect the original documents relating to the
firm filed with the Registrar.
13 Application for copies to be in writing. Every application for a
copy under section 67 of the Act shall be in writing on judicial
paper.
14 Seal. The seal used by the Registrar shall bear the words
“Registrar of Firms. Punjab.”
15 Preservation and elimination of registers and records. The
register of firms and the index thereto shall be preserved
permanently. All other records including the statements referred to
in section 58 may be destroyed on the expiry of 5 years from the
date of the dissolution of the firm concerned.
16 Translation to be furnished where original not in English. If
any document required to be field the Act or any portion of such
documents is not in English language, a translation of such
document of portion, certified as correct by at least one partner (or
his authorized agent) shall be furnished along with each copy of
such document or portion.
17 Officer hours. The office of the Registrar of Firms shall be open
for business (Sundays and authorized holidays excepted) between
the hours of 11 AM. And 3 PM. except on Saturdays, when it shall
be open between the hours 11 AM, and 1 PM.
18 Administration report. The Registrar {shall submit to the
Provincial Government so as to reach them on or before the 15th of
June in each year a report on the working of the partnership Act,
1932, during the official year ending the 31st March preceding.
 Key Words of Punjab Partnership Rules 1932

1. Act

2. Registrar

3. Variations

4. Protest

5. Amendment

6. Index

7. Certificate

8. Filing

9. Inspection

10. Preservation

11. Administration Report

 Certificate

It is certified that the Partnership Rules, 1932 is not available on the site of the

Assembly (www.punjablaw.gov.pk) and the same is error free updated.