Comparison between Registered and Unregistered Partnership
Particulars
Registered partnership
Un-registered Partnership
Statute / Legislation
Indian Partnership Act,1932
Indian Partnership Act,1932
Right to file suit against the firm or co-partners
It has right to file suit against partner or firm if any disputes arise between them.
It does not have right to file suit against partner or firm if any disputes arise between them
Right to file suit against third party
It has right to file suit against third party for recovery of the price of goods supplied etc.
It does not have right to file suit against third party for recovery of the goods supplied etc.
Right to claim set off
Registered firm has right to claim set off from third party
Un-registered firm does not have right to claim set off from third party