Amendment of section 69 of Act IX of 1932

In section 69 of the principal Act,—

1. (a) to sub-section (1), the following proviso shall be added, namely:— " Provided that the requirement of registration of firm under this sub-section shall not apply to the suits or proceedings instituted by the heirs or legal representatives of the deceased partner of a firm for accounts of the firm or to realise the property of the firm.";
2. (b) after sub-section (2), the following sub-section shall be inserted, namely:— "(2A) No suit to enforce any right for the dissolution of a firm or for accounts of a dissolved firm or any right or power to realise the property of a dissolved firm shall be instituted in any Court by or on behalf of any person suing as a partner in a firm against the firm or any person alleged to be or to have been a partner in the firm, unless the firm is registered and the person suing is or has been shown in the Register of Firms as a partner in the firm : Provided that the requirement of registration of firm under this sub-section shall not apply to the suits or proceedings instituted by the heirs or legal representatives of the deceased partner of a firm for accounts of a dissolved firm or to realise the property of a dissolved firm.";
3. (c) in sub-section (3),—
   • (i) for the words, brackets and figures " sub-sections

1. (1) and
2. (2) " the words, brackets, figures and letter " sub-sections (1),
3. (2) and (2A) " shall be substituted;
   • (ii) for clause (a), the following clause shall be substituted, namely :— "(a) the firms constituted for a duration upto six months or with a capital upto two thousand rupees; or".