PUNJAB GOVT. GAZ. (EXTRA), MARCH 2, 2021

(PHGN 11, 1942 SAKA)

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( 1224 )

Regd. No. NW/CH-22

Regd. No. CHD/0092/2018-2020

EXTRAORDINARY

EXTRAORDINARY

EXTRAORDINARY

EXTRAORDINARY

EXTRAORDINARY

Published by Authority

Published by Authority

Published by Authority

Published by Authority

Published by Authority

CHANDIGARH, TUESDAY, MARCH 2, 2021

(PHALGUNA 11, 1942 SAKA)

PUNJAB VIDHAN SABHA SECRETARIAT

NOTIFICATION

The 2nd March, 2021

No. 5-PLA-2021/5.-The Indian Partnership (Punjab Amendment) Bill,

2021 is hereby published for general information under the proviso to rule 121

of the Rules of Procedure and Conduct of Business in the Punjab Vidhan

Sabha (Punjab Legislative Assembly):-

BILL NO. 5-PLA-2021

THE INDIAN PARTNERSHIP (PUNJAB AMENDMENT) BILL, 2021

A

BILL

further to amend the Indian Partnership Act, 1932, in its

application to the State of Punjab.

BE it enacted by the Legislature of the State of Punjab in the Seventy-

second Year of the Republic of India, as follows: -

PUNJAB GOVT. GAZ. (EXTRA), MARCH 2, 2021

(PHGN 11, 1942 SAKA)

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1.

(1)

This Act may be called the Indian Partnership (Punjab

Amendment) Act, 2021.

(2)

It shall come into force on such date as the State Government

may, by notification in the official Gazette, appoint.

2.

In the Indian Partnership Act, 1932, in its application to the State of

Punjab, for Schedule I, the following Schedule shall be substituted, namely: -

"SCHEDULE-I

MAXIMUM FEES

[See sub-section (1) of section 71]

Document or act in respect of which

Maximum Fee

which the fee is payable

Statement under section 58

Five thousand rupees

Statement under section 60

Five hundred rupees

Intimation under section 61

Five hundred rupees

Intimation under section 62

Five hundred rupees

Notice under section (1) and (2) of

Five hundred rupees

section 63

Application under section 64

Five hundred rupees

Inspection of the Register of Firms

one hundred rupees for inspection

under sub-section (1) of section 66

one volume of the Register

Inspection of the Register of Firms

One hundred rupees for

under sub-section (2) of section 66

Inspection of all documents

Copies from the Register of Firms

related to one Firm

Twenty rupees for each hundred

words or part thereof."

Short title and

Commencement.

Substitution of

Schedule I of

Central Act 9 of

1932.

PUNJAB GOVT. GAZ. (EXTRA), MARCH 2, 2021

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STATEMENT OF OBJECTS AND REASONS

1)

In the Indian Partnership Act, 1932 (9 of 1932) as per its applicability

in the State of Punjab, the prescribed fee structure for various services

as contained in SCHEDULE-I, appended to the said Act is very meagre

and has become irrelevant with passage of time. This fee structure

has not been revised since the aforesaid Act came into force. However,

some of the States have already revised the fee structure for the

various services. Therefore, it has become necessary to revise the

fee structure as contained in SCHEDULE-I, by amending the

SCHEDULE-I Appended to the Indian Partnership Act, 1932.

2)

The bill seeks to achieve the above objects.

SUNDER SHAM ARORA,

Industries & Commerce Minister,

Punjab.

______________

CHANDIGARH

SHASHI LAKHANPAL MISHRA,

THE 2nd MARCH, 2021

SECRETARY.

______________

2240/03-2021/Pb. Govt. Press, S.A.S. Nagar