An AOP partner (also described as an Association) is a company operated by all partners corresponding to the contract or association act signed by the partners at the moment of enrollment. It is not a distinct lawful agency and partners have an unrestricted obligation which means that all associates can be held responsible in case of a default on liability or any other obligation or any other kind of misbehavior even for the sake of one partner.
You can allow any name of your association company as long as it fulfills the below-referred conditions:
when two or more people sign in to a business and they dont know which type of business they are acting, i.e., no matter they are involved in a firm, partnership firm, then this is known as Organization OF People. if in the above case, individual and firm involved in a business and they dont know what type of trade they are active then this is known as ASSOCIATION OF PERSONS. and if two or more people are enrolled as an associate of a firm, then this is known as PARTNERSHIP FIRM.
A partnership firm is enrolled in the registry of companies in your relevant region or city. The procedure of enrollment is regulated by the Association Act, 1932.
The application for enrollment has to be signed by all associates.
Subsequent documents represent the whole application:
If the registry is fulfilled with the application and documents, he will be issuing the certification of enrollment.