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Which of the following is NOT an essential feature of a partnership?
ACompulsory registration with the Registrar of Firms
BTwo or more persons
CAgreement to share profits of a business
DMutual agency among partners
Answer & Solution
Correct answer: A. Compulsory registration with the Registrar of Firms
Registration is OPTIONAL under the Act, although strongly recommended to avoid evidentiary issues. The other three are mandatory features.
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