Partnership is the popular form of doing business. Partnership is as an association of two or more persons to carry on as co-owners a business for profit”. A partnership is not a separate legal entity distinct from its members.

In India, Partnership is governed by the Indian Partnership Act, 1932. Partnership is defined as per section 4 of the Indian Partnership Act 1932 is as the relation between persons who have agreed to share profits of the business carried on by all or any of them acting for all.

We provide the registration of the clients' partnership firm under the Partnership Act, 1932.

Following are the documents we require to register a firm:

Documents Required

  1. Application for Partnership Registration.
  2. Partnership Deed.
  3. ID & Address proof of all Partners. (Copy of Passport/PAN/Voter ID/Driving License/Aadhaar Card)
  4. Two Photographs of all Partners.
  5. Ownership Proof eg. Electricity bill/ water bill/Property receipts, POA, sale deed etc. in the name of applicant in case it is self own or Rent agreement and copy of ownership proof in the name of Land Lord accompanied by NOC, in case it is rented
  6. Power of attorney
  7. Information required in partnership deed:-

Information Required

§ Firm Name

§ Whether all partners are actively engaged in business of Firm,

§ Remuneration of Partners

§  Profit Sharing Ratio and Dissolution Ratio

§  Whether bank A/c be operated by all partners jointly or severally

§  Whether all bonds, bills, notes, bills of exchange, hundies or promissory notes or other securities given on behalf of the partnership (except cheques) shall be signed, endorsed, accepted or executed jointly or severally




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