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REG - FIRM REGISTRATION CERTIFICATE

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S ELAVARASI

ACCOUNTANT

1542 Points Posted on 03 November 2023

Good Morning All,

We started a partnership firm. we registered under gst and msme. now, we applied a machinery loan. Banker ask "Firm Registration Certificate".

-What is this?
-Where I register and get this Firm -Registration certificate?
-Is this mandatory to us?

Please give solution for this and privide registration details with link...

it's very urgent loan is under final stage...

Thanks in Advance

Replies (3)

Quick Summary

A partnership firm needs a Firm Registration Certificate for certain loan applications, as requested by banks. This certificate is obtained by registering your partnership under the Partnership Act 1932, typically through your local SDM court. While not legally compulsory for all firms, it's increasingly becoming a requirement for financial institutions and is beneficial for future business operations.

sabyasachi mukherjee

Profession

19978 Points Posted on 03 November 2023

Pls provide and do the needful.

RAJA P M

"Do the Right Thing...!!!"

77792 Points Posted on 04 November 2023

-What is this?
This a registration under Firms and it's based on partnership act.

-Where I register and get this Firm Registration certificate?
In firm's registration website

-Is this mandatory to us?
it's not compulsory. But, in recent scenario bankers asking the certificate for loan process...

SURAJ SHARMA

Junior accountant

84 Points Posted on 04 November 2023

You need to register your partnership firm into a partnership firm act 1932 ,It is registered through the local SDM court ,It's not mandatory but registration is fruitful for the future .