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The process of registering a partnership in India involves several steps and the submission of specific documents. A partnership can be registered under the Indian Partnership Act, 1932. Here are the key details and documents required for partnership registration:
### Documents Required for Partnership Registration:
#### 1. **Application for Partnership Registration:**
– Prepare an application for partnership registration, including details such as the name of the partnership, the nature of the business, names of partners, and the duration of the partnership (if any).
#### 2. **Partnership Deed:**
– Draft a Partnership Deed, which is a legal document defining the terms and conditions of the partnership. The Partnership Deed should include:
– Name and address of the partnership firm.
– Name and addresses of all partners.
– Nature of the business.
– Capital contributed by each partner.
– Profit-sharing ratio.
– Duration of the partnership (if any).
– Rights and responsibilities of each partner.
– Terms and conditions for admission or retirement of partners.
– Dissolution procedures.
#### 3. **Partners’ KYC Documents:**
– Provide Know Your Customer (KYC) documents of all partners, including:
– Proof of identity (PAN card, Aadhar card, passport, etc.).
– Proof of address (utility bills, passport, etc.).
– Passport-sized photographs.
#### 4. **Registration Form:**
– Fill the Registration Form as prescribed under the Indian Partnership Act, 1932.
#### 5. **Payment of Registration Fee:**
– Pay the prescribed registration fee. The fee may vary depending on the state in which the partnership is being registered.
### Steps for Partnership Registration:
#### 1. **Partnership Deed Drafting:**
– Draft the Partnership Deed with the help of legal professionals to ensure all essential clauses are covered.
#### 2. **Stamping of Partnership Deed:**
– Get the Partnership Deed stamped as per the Stamp Act applicable in the respective state.
#### 3. **Application Submission:**
– Submit the completed Registration Form along with the Partnership Deed and necessary documents to the Registrar of Firms in the respective state.
#### 4. **Verification and Approval:**
– The Registrar will verify the documents and, if satisfied, register the partnership. A Certificate of Registration will be issued.
#### 5. **PAN and TAN Application:**
– Apply for a PAN (Permanent Account Number) for the partnership firm for tax purposes. If required, apply for a TAN (Tax Deduction and Collection Account Number).
#### 6. **Bank Account Opening:**
– Open a bank account in the name of the partnership firm using the Certificate of Registration.
### Important Points to Note:
– **Compliance with Stamp Act:** Ensure compliance with the Stamp Act to properly stamp the Partnership Deed.
– **Professionals’ Assistance:** It is advisable to seek professional assistance, such as from a Chartered Accountant or legal expert, during the registration process.
– **Renewal of Registration:** Partnership registration is generally valid for a specified period, and renewal may be required as per state regulations.
– **State-Specific Requirements:** Requirements and procedures may vary from state to state, so it’s important to check the specific rules applicable in the state where the partnership is being registered.
Always refer to the latest guidelines and regulations in the respective state for the most accurate and up-to-date information regarding partnership registration.
Partnership Registration
Product Price
₹4,999.00 Original price was: ₹4,999.00.₹3,507.00Current price is: ₹3,507.00.
HSN/SAC Code:- 99822
Estimate Complete :- 07 day’s
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