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Partnership Registration

Introduction

Registration of partnership means the registration of partnership by its partners with the Registrar of Companies. Partners must register their business with the business registration agency of the state where the business is located. Since registration of a partnership is not mandatory, partners can request registration of the company as a partnership when the company is incorporated or thereafter at any time during its operation. To register a partnership, two or more people must become partners, agree on a business name, and sign a partnership deed. However, the partners cannot be members of an undivided Hindu family or couple.

Documents Required For Startup India Registration Online

1) Partnership deed.

2) Partnership firm PAN card.

3) Address Proof of the partnership firm.

4) Identity proofs of all the partners.

5) Partnership registration certificate (if partnership has been registered).

6) Any registration document issued by central or state government (normally GST certificate is submitted).

7) Copy of electricity bill, telephone bill or water bill (not more than 3 months old).

8) Authorisation letter on the letterhead of the firm authorising a partner as authorised signatory for the bank account..

Procedure for Applying

  • Fill Information :

    • We'll love to know about your company in our eazy to fill forms.

  • Make Payment :

    • Select the product as per your need and proceed to payment.

  • Mail Documents :

    • Our Experts will assist you with any queries about documents.

  • Sit Back and Relax :
  • Our passionate team will process your application in fastest time.

    • Checklist for Partnership Firm Registration

  • Drafting of Partnership Deed.
  • Minimum two members as partners.
  • Maximum of equal to or less than twenty partners.
  • Selection of appropriate name.
  • Principal Place of business.
  • PAN card and bank account of the firm.

    • Frequently Asked Questions

    What are the legal advantages granted to a registered partnership firm?

    A registered company or its partners can sue a third party for breach of contract. If the business is not registered, the partnership cannot file a claim against a third party, but a third party can file a claim against the business. Additionally, in the event of a dispute with a third party, an unregistered company or one of its affiliated companies cannot claim compensation.

    Registering a partnership firm in India can take up to about 10 working days. However, the time frame for issuance of registration certificates may vary depending on the relevant state regulations. Cooperative registration is subject to government processing times, which vary by state.

    In a sense, the certificate of incorporation can be revoked upon dissolution. Dissolution can be declared automatically when all the partners or all the partners except one partner are declared insolvent or if the firm commits illegal activities.

    A partnership can be registered at the time of incorporation or even thereafter at any time. However, it is advisable to register the company right from the start of its operations to enjoy the rights that only a registered company can benefit from.

    It is not mandatory to register a partnership under the provisions of the Partnership Act, 1932. However, it is best to register a partnership. If the company is not registered, it cannot enjoy the legal benefits granted under the Partnership Act, 1932.

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