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How is a partnership firm registered?

1. Preparation Before Registration

  • Choose a unique name for the partnership firm.
  • Draft a partnership deed signed by all partners.
  • Ensure the deed includes business details, capital, and roles.
  • Arrange for stamp paper of appropriate value as per state laws.
  • Notarize the deed if required under local regulations.

2. Filling the Registration Application

  • Fill Form 1 prescribed under the Indian Partnership Act, 1932
  • Include firm name, business location, partner names, and joining dates.
  • Submit the form to the Registrar of Firms of the concerned state.
  • Attach a certified copy of the partnership deed.
  • Ensure all partners sign the application as required.

3. Submission of Documents

  • Submit Form 1 along with the partnership deed and fee receipt.
  • Provide proof of business address, such as a rental agreement or utility bill.
  • Include identity and address proof of all partners
  • All documents must be submitted to the Registrar of Firms.
  • Preserve acknowledgement for tracking and reference.

4. Review and Approval by Registrar

  • The Registrar verifies the application and the enclosed documents.
  • Corrections or clarifications may be requested if needed.
  • Once satisfied, the Registrar approves the registration.
  • The firm has been entered into the Register of Firms.
  • A Certificate of Registration is issued upon successful approval.

5. Post-Registration Considerations

  • Use the registered name and address for official communications
  • Display the registration certificate at the business premises
  • Amend the deed or re-register if there are major changes.
  • Inform the Registrar about partner changes or dissolution.
  • Maintain proper records as required under the Act.

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