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Class : 11
Unit : Business


Effect of Non-Registration and Renewal
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Ans : After termination of six month of time, each partner will be fined for Rs.50. Similarly, if false statement is submitted for registration, each partner will be fined Rs.100. Each partner will be fined of Rs.50, if the firm perform it’s business without renewal.
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Explain the process of registration and renewal of partnership firm in Nepal.
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