INDIAN PARTNERSHIP (RAJASTHAN AMENDMENT) ACT, 1971

Act No. 10 of 1971

29th May, 1971

An Act further to amend the Indian Partnership Act, 1932 in its application to the State of Rajasthan. Be it enacted by the Rajasthan State Legislature in the Twenty second Year of the Republic of Indian as follows:--

S.1 Short title, extent and commencement

(1) This Act may be called the Indian Partnership (Rajasthan Amendment) Act, 1971.

(2) It extends to the whole of the State of Rajasthan.

(3) It shall come into force on such date as the State Government may, by notification in the Official Gazette, appoint.

S.2 Amendment of section 58, Central Act IX of 1932

For sub-section (3) of section 58 of the Indian Partnership Act, 1932 (Central Act IX of 1932), hereinafter referred to as the principal Act, the following sub-sections shall be substituted, namely:--

"(3) No firm shall be registered by a name which, in the opinion of the State Government, is undesirable.

(4) Except with the previous sanction in writing of the State Government, no firm shall be registered by a name which contains any of the following words, namely:--

• (a) 'Union', 'State', 'President', 'Republic' or any word expressing or implying the sanction, approval or patronage of the Central or any State Government; and
• (b) 'Municipal', 'Chartered' or any word which suggests or is calculated to suggest connection with any municipality or other local authority:

Provided that nothing in this sub-section shall apply to any firm registered before the date of the commencement of the Indian Partnership (Rajasthan Amendment) Act, 1971

S.3 Substitution of new Schedule for Schedule I to Central Act IX of 1932

For Schedule I to the principal Act, the following Schedule shall be substituted, namely:--