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Partnership agreement - compliances

Agreement deeds 1012 views 2 replies

Dear Friends,

I have drafted a Partnership Agreement for 2 Partners with 1 : 1 ratio. Can i omitt the nature of business from the 

agreement so as to make it a general purpose agreement ?

 

And moreover, Do i have to make it a registered deed so as to apply for trade license?

 

Regards

Indranil 

Replies (2)

 

Hi

as per my knowledge

  • You cannot omit nature of business from deed .
  • Registration of firm is not compulsory but its good to register it as any third party can sue registered / unregistered partnership firm ,but only registered firms can sue third parties & hence registration is opted in majority cases. 

 

 thanks

 

i dont have any idea about it but you can request RTI for the information . it will solve the problem regarding trade license


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