Discussion
Alternation in partnership agreement has to be brought to the notice of registration of firms within a period of :
Answer: B
The answer is 90 days, on the Maharashtra version of the Partnership Act.
Section 63 of the Indian Partnership Act, 1932 provides for notice to the Registrar of changes in a firm, such as its name, place of business or the partners. As enacted it fixes no time limit, and outside Maharashtra courts have allowed a reasonable time. Maharashtra amended the section (Maharashtra Act 29 of 1984, in force from 1 January 1985) so that notice has to be given within 90 days, and the question comes from a Maharashtra examination.
So 90 days is the only option tied to a statute; 100, 60 and 20 days appear in no version I found. I confirmed the Maharashtra amendment from a secondary summary and not from the amending Act's text, and the question's phrase 'alteration in partnership agreement' loosely covers the changes the section names.
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