Timelines prescribed for registration of partnerships | ||
Reform ID | B138 | |
Reform Description | Before: Earlier there was no pre-set timelines for registrations of partnerships once the application has been filed. The registering partnerships had to wait for registration before subsequent start of operations.
After: The Partnership Balochistan (Amendment) Act, 2022 has prescribed the timelines. Now a partnership business can be registered with the registrar of firms within 48 hours. |
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Sector | All Sectors | |
BeneficiariesAutomotive Owners | All Businesses | |
Jurisdiction/ Location | Balochistan | |
Department | Registrar of Firms | |
Date of Implementation | 24-11-2022 | |
Details | Difficulty | Earlier there was no pre-set timelines for registrations of partnerships once the application has been filed. The registering partnerships had to wait for registration before subsequent start of operations. |
There was a dire need to set the timelines to ensure the timely registrations of partnerships businesses. | ||
Solution | The Partnership Balochistan (Amendment) Act, 2022 has prescribed the timelines. Now a partnership business can be registered with the registrar of firms within 48 hours. | |
Evidence | Notification |
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