partner ship
This query is : Resolved
Chandranil
(Querist)
04 December 2009
Dear Experts,
Is there any specific requirement of minimum capital required to register the partnership firm
Is there any specific requirement of minimum capital required to register the partnership firm
HUZAIFA HUSSAIN
(Expert)
04 December 2009
No minimum capital requirement for partnership firms. Minimum capital requirement is there for companies only.
Chandranil
(Querist)
04 December 2009
dear sir,
then in such case how we will calculate stamp duty as the stamp duty is Rs 500 for Rs 50000 contribution and if no minimumcapital is required then in such case can I register partner ship deed with out mentioning amount of capital like just by writing " capital will be bough in by the partners"
then in such case how we will calculate stamp duty as the stamp duty is Rs 500 for Rs 50000 contribution and if no minimumcapital is required then in such case can I register partner ship deed with out mentioning amount of capital like just by writing " capital will be bough in by the partners"
HUZAIFA HUSSAIN
(Expert)
04 December 2009
Yes u can do that. P/ship deed can be prepared without specifying the amount of initial capital broughtin by partners. Just mention that partners may brought the capital as needed and decided among themselves
Murtaza I Bhagat
(Expert)
05 December 2009
yes no requirement of Capital in figure...to Register to Parternership Firm...Its will show only in Firm IT & Partner's Personal IT
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