Hi sir/madam,
How much rupees stamp paper (Minimum amount of Non Judicial stamp paper) should buy to prepare partnership deed for apply new pan card for Partnership firm?
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Partnership PAN card
Replies (8)
Quick Summary
It depends upon stamp duty leviable in the particular state.
Sir It is Coimbatore, TamilNadu State. So please tell me yours suggestions sir.
Rs 300 value of stamp paper
Ok sir thank you. Another one doubt it should be Notarised compulsory ?
Actually, it should be registered, but notarized deed is also valid in most of the circumstances.
Indian Partnership Act, 1932 Section 18 states that a partner is an agent for doing the business of the firm and the partnership firm will not be treated as legal entity. Hence, a firm which has entered into notarized partnership deed have no legal status for any proceedings.
A notarized partnership firm cannot sue another party in case of any dispute. Hence it is suggested to Register a Partnership firm.
If however, there is uncertainty of the life of the partnership in the short run then it is recommended to not to register the partnership and start the work with Notarized partnership.
Thank you sir
You are welcome.
We can apply for pan card..
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