Partnership Registration

It is not “necessary” to registar a partnership with the Govt. in most states of the country. (In Maharashtra it is almost compulsary.)

However, if you do not register your partnership, you will not be legally protected from disputes between partners etc. as we have explained before. So, it is always wise to register your partnership with the Govt.

In any case, even if you choose not to register your partnership, you should still prepare a “Partnership Deed” which will help resolve problems when disputes between partners arise.

The general procedure for registering a partnership firm all over India is quite similar:

• You have prepare a “Partnership deed”
• Fill in the required form at the “Registrar Of Firms” office near you.
• Submit the required form, the “Partnership Deed” and other supporting documents to the “Registrar Of Firms” for approval.

Preparing the “Partnership Deed”

The “Partnership Deed”, as stated above, must contain:

• The amount of capital contributed by each partner
• Profit or loss sharing ratio
• Salary or commission payable to any partner, if any
• Duration of business, if any
• Name and address of the partners and the firm
• Duties and powers of each partner
• Nature and place of business; and
• Any other terms and conditions to run the business

The partnership deed is usually not very hard to prepare through a local lawyer.

This partnership deed must be made on stamp paper as per the laws of the place of signing. The whole process of drafting the partnership deed can be done through a trusted lawyer. It should cost you around Rs.1000/- to prepare the deed.

After preparation of the deed, it must be signed by all the partners. It must also have signatures of independent witnesses.

The deed is then submitted to the “Registrar Of Firms” along with the registration form and other supporting documents. On approval of these documents by the “Registrar Of Firms” the “Partnership Firm” is established as a legal entity and can start business under the chosen name.

Registration of Partnership Firm

Registration of Partnership firm under Indian Partnership Act, 1932

Documents required

1. Form No 1 as prescribed
   download form no 1
   download specimen of affidavit
2. Attested Copy of the partnership deed one set
3. Ownership prove of principal place of business

Amendment in the Registered Partnership Firm

The following forms as prescribed under I.P. Act 1932 accepted for various amendment in original Form-A and Form-C.

Please tell me  the address of the registration office in chennai.

our partnership firm is located in maduravoyal

A partnership firm was registered in 1986. Thereafter changes in partners & principal place has not been incorporated. Now a new partnership deed was formed and i have to apply for changes in registration. What are the consequences & penalties? What is the solution for the same??

Please reply fast