Apply for Partnership Registration
A Partnership is one of the most important forms of a business organization, where two or more people come together to form a business and divide the profits thereof in an agreed ratio. A Partnership is easy to form, and the compliance is minimal as compared to companies.
Name and Agreement
An application form along with fees is to be submitted to Registrar of Firms of the State in which firm is situated. The application has to be signed by all partners or their agents.
To register a partnership firm, you need to send an application in form no. 1 along with fees, requisite fees, and a true copy of the partnership deed. All these things need to be sent to the registrar office, Proof of place where you settled your business. If the registrar checks all the documents and fell satisfied then he will register the firm and issue the certificate of the registered firm.
To register a partnership firm in India, it will take up to 14 working days. However, it also varies as per state rules and regulations.
It only happened if you do any illegal work on your registered firm then the court may consider the partnership invalid.
Every partner is completely liable. If any loss occurs or any injury happens during the period of partnership. All the partners will face together, if something happens with only one partner then also it is the responsibility of all the partners.
The registration of Partnership Firm in India can take up to 12 to 14 working days. However, the time taken to issue a certificate of incorporation may vary as per the regulations of the concerned state. The registration of Partnership Firm is subject to Government processing time which varies for each State.
Often, if the partnership agreement is not registered, the court may deem a partnership invalid. If the object of the business is illegal, the court may consider the partnership invalid and dissolve the partnership.
Often, if the partnership agreement is not registered, the court may deem a partnership invalid. If the object of t
Indian Partnership Act, 1932 governs the partnerships. Registration of partnership firm is optional and at the discretion of the partners.
Registration of partnership firm may be done at any time – before starting a business or anytime during the continuation of partnership.
It is always advisable to register the firm since a registered firms enjoy special rights which aren’t available to the unregistered firms.
he business is illegal, the court may consider the partnership invalid and dissolve the partnership.