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Partnership firm Registration

Partnership Firm Registration

Partnership firms are one of the most popular business structures in India. They are relatively easy to form and manage, making them a good option for small and medium-sized businesses. Partnership firms are also flexible and adaptable, which can be beneficial for businesses that are growing or changing rapidly.

Under the Indian Partnership Act, 1932, a partnership firm is defined as “the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.” This means that a partnership firm is a legal entity that is separate from its partners.

 

Requirements for Registering a Partnership Firm

To register a partnership firm in India, the following requirements must be met –

  • There must be at least two partners.
  • The partners must be competent to contract.
  • The partners must have a partnership deed.
  • The partnership deed must be registered with the Registrar of Firms (RoF) in the state where the firm is located.

Document Needed

The following documents are needed for proprietorship firm registration in India:

  • Partnership deed
  • Partnership firm PAN card
  • Address proof of the partnership firm
  • Identity proofs of all the partners
  • Photographs of all partners
  • Partnership registration certificate (if partnership has been registered)
    Any registration document issued by central or state government (normally GST certificate is submitted)
  • Copy of electricity bill, telephone bill, or water bill (not more than 2 months old)
  • NOC from landlord if business place is rented
  • Authorization letter on the letterhead of the firm authorizing a partner as a signing authority