Registering a partnership firm in India involves a relatively straightforward process, and you will need certain documents to complete the registration.
Here are the essential documents required for partnership firm registration in India:
1. Partnership Deed: This is the most crucial document. It is a written agreement that outlines the terms and conditions of the partnership, including the rights, duties, and responsibilities of each partner. The partnership deed should be on non-judicial stamp paper of prescribed value, signed by all the partners, and notarized.
2. PAN Card: A copy of the Permanent Account Number (PAN) card of all partners is required for identity verification.
3. Aadhaar Card: A copy of the Aadhaar card of all partners for address and identity verification.
4. Address Proof: Any one of the following can be submitted as proof of the firm’s registered address: Rental/Lease Agreement (if the property is rented). Sale Deed (if the property is owned). Electricity or Water Bill in the name of the firm.
5. Passport-sized Photographs: Recent passport-sized photographs of all partners.
6. Registration Application: You need to fill out and sign the registration application form. This form is usually provided by the Registrar of Firms or can be downloaded from their official website.
7. Fee Payment Receipt: Proof of payment of the registration fee. The fee varies depending on the state in which you are registering the partnership.
8. Additional Documents (if applicable): Depending on the nature of your business, location, and local regulations, you might need additional documents or clearances. For example, in some cases, you may require a No Objection Certificate (NOC) from the landlord.
9. Affidavit: Some states may require an affidavit stating that there are no legal disputes among the partners.
10. Partnership Firm Name Reservation (optional): If you want to reserve your partnership firm’s name before registration, you can apply for name reservation separately with the Registrar of Firms.
This is an optional step. Once you have gathered all the required documents, you can visit the Registrar of Firms office in your jurisdiction and submit your application along with the necessary fees. After verification and approval, the Registrar of Firms will issue a Certificate of Registration, and your partnership firm will be legally registered in India .Please note that the registration process and specific requirements may vary slightly from state to state, so it’s advisable to consult with a legal expert or chartered accountant to ensure compliance with the local regulations and to get guidance on the exact documentation required for your specific case.
₹7,000.00
PARTNERSHIP FIRM REGISTRATION PROCESS:
Registering a partnership firm in India involves several steps and compliance with legal requirements. Here is a general overview of the partnership firm registration process in India:
1. Decide on the Partnership Name:
Choose a unique name for your partnership firm that does not conflict with existing registered business names.
2. Create a Partnership Deed:
Prepare a partnership deed, which is a legal document that outlines the terms and conditions of the partnership. It should include details such as the business name, the names and addresses of the partners, capital contributions, profit-sharing ratios, and other relevant terms.
3. Stamp Duty on Partnership Deed: Get the partnership deed on a non-judicial stamp paper of an appropriate value as per the Stamp Act of your state. The stamp duty may vary from state to state.
4. Register the Partnership Deed:
Partnership firm registration is optional, but it is advisable to register the partnership deed with the Registrar of Firms in your state. The registration process involves submitting the following documents: Duly filled application form for registration of the partnership firm. The original partnership deed.
Prescribed registration fee.
5. Submit the Documents:
Submit the above documents to the Registrar of Firms in your state.
6. Verification and Approval:
The Registrar will verify the documents and, if everything is in order, will approve the registration.
7. Obtain the Certificate of Registration:
Once the registration is approved, you will receive a Certificate of Registration from the Registrar of Firms. This certificate serves as proof of the existence of your partnership firm.
8. Apply for PAN and TAN: Obtain a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your partnership firm from the Income Tax Department. These are essential for tax compliance.
9. Open a Bank Account:
Open a bank account in the name of the partnership firm using the Certificate of Registration and other necessary documents.
10. Comply with Other Regulatory Requirements: – Depending on the nature of your business, you may need to obtain licenses and permits from relevant authorities.
11. GST Registration (if applicable): – If your partnership firm’s turnover exceeds the prescribed limit, you must register for Goods and Services Tax (GST) as per the GST Act.
12. Compliance with Income Tax Regulations: – File income tax returns and comply with income tax regulations applicable to partnership firms.
It’s advisable to consult with a legal professional or a chartered accountant to ensure that you meet all the necessary legal requirements and that your partnership is set up in compliance with the relevant laws and regulations in India. Additionally, the specific requirements and procedures may vary from state to state, so it’s essential to check with the local authorities for any regional variations.
