Which act must be followed for the legal process of formally registering a partnership?

The legal process of formally registering a partnership is governed by the Registration of Firms Act. This act outlines the specific procedures and requirements necessary for a partnership firm to be recognized legally. It provides a framework that allows partnerships to officially register their firm name, the names of partners, and details of the nature of their business. By registering a partnership under this act, it gains certain legal advantages, such as the ability to sue and the credibility that comes from official recognition, which can enhance trust among clients and suppliers.

Other acts mentioned, such as the General Nature of Partnership, do not govern the registration process. Instead, they provide definitions and principles surrounding partnerships. The Negotiable Instruments Act, 1881, mainly deals with the legal aspects of instruments like cheques, bills of exchange, and promissory notes, which is unrelated to the registration of partnerships. The Companies Act, 2013, governs the formation and regulation of companies, which is distinct from partnerships, hence not applicable in this context. Therefore, the Registration of Firms Act is clearly identified as the appropriate legal framework for registering a partnership.